Bamboo Airways hikes capital by 50 pct
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Bamboo Airways has increased its charter capital by half to VND10.5 trillion ($458 million), its fifth hike in less than four years since establishment.
The airline, in which conglomerate FLC owns a 51.29 percent stake, posted a pre-tax profit of over VND400 billion last year, up 34 percent from 2019.
The airline began flying in 2019, and carried over four million passengers last year, a 40 percent increase from the previous year.
It has a fleet of nearly 30 aircraft and plans to expand it to 50 this year. It has the best on-time performance in the country.
Questions & Answers
Q.What is the new total charter capital of Bamboo Airways after the recent increase?
What is the new total charter capital of Bamboo Airways after the recent increase?
Bamboo Airways has increased its charter capital by 50 percent, bringing the new total to VND10.5 trillion, which is equivalent to $458 million. This is the fifth capital hike for the airline since its establishment.
Q.How did Bamboo Airways' financial performance compare between last year and the previous year?
How did Bamboo Airways' financial performance compare between last year and the previous year?
Last year, Bamboo Airways posted a pre-tax profit of over VND400 billion. This figure represents a 34 percent increase compared to its profit in 2019, showing significant growth for the airline.
Q.What are Bamboo Airways' plans for its fleet size this year?
What are Bamboo Airways' plans for its fleet size this year?
Bamboo Airways currently operates a fleet of nearly 30 aircraft. The company has stated plans to significantly expand its fleet, aiming to reach a total of 50 aircraft by the end of this year.
Q.How many passengers did Bamboo Airways carry last year, and how does this compare to the previous year?
How many passengers did Bamboo Airways carry last year, and how does this compare to the previous year?
Last year, Bamboo Airways carried over four million passengers. This represents a substantial 40 percent increase in passenger numbers compared to the previous year, demonstrating significant growth in its operations.
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