Bamboo Airways’ 9-month loss exceeds last year’s total
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Bamboo Airways posted a loss of VND3.54 trillion ($142.38 million) in the first nine months, exceeding the total loss it recorded last year by 54%.
Its loss has been increasing this year, from VND691 billion in the first quarter to VND1.39 trillion in the second and almost VND1.45 trillion in the third, according to calculations from a financial report of FLC, which owns a 21.7% stake in the airline.
Bamboo Airways went through major restructuring in the second and third quarter after its chairman was arrested in March for alleged stock manipulation.
Nguyen Ngoc Trong, who has been with the airline since its establishment in 2018, became its chairman in August, while Nguyen Manh Quan, who joined the airline in 2020, took over the CEO chair from Dang Tat Thang.
The airline in October moved its Ho Chi Minh City office from FLC’s building in District 3 to a Novaland building in District 1 after the property developer signed a strategic partnership with the airline.
Bamboo Airways said in July that it planned to triple its fleet size to 100 by 2028. The airline at the time operated 29 jets, comprising 21 narrowbody aircraft, three Boeing B787s and five Embraer 190 regional aircraft, according to aviation data website Planespotters.
Questions & Answers
Q.What was the total loss recorded by Bamboo Airways for the first nine months of the year?
What was the total loss recorded by Bamboo Airways for the first nine months of the year?
Bamboo Airways recorded a loss of VND3.54 trillion ($142.38 million) for the first nine months of the year, exceeding last year's total loss by 54%.
Q.Who is the current chairman of Bamboo Airways and when was he appointed?
Who is the current chairman of Bamboo Airways and when was he appointed?
Nguyen Ngoc Trong, who has been with the airline since its establishment, became chairman in August after the previous chairman's arrest in March.
Q.What is Bamboo Airways' target for fleet size by 2028?
What is Bamboo Airways' target for fleet size by 2028?
Bamboo Airways stated in July that it plans to triple its fleet size to 100 aircraft by 2028, up from the 29 jets it operated at the time.
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