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Bamboo Airways has recently expanded its fleet with the addition of an Airbus A320 aircraft, taking its total count to eight. This move comes as part of an augmentation strategy laid out by the airline, which was recently re-acquired by property developer…
Bui Quang Dung has been appointed as the new chairman of Bamboo Airways, replacing Le Thai Sam. The announcement was made on Thursday, confirming that the change would take effect from the preceding Wednesday. Dung simultaneously holds the position of deputy…
Bamboo Airways is making significant leadership changes as it continues to reshape its operational strategy. In a bold move, Bamboo Airways has announced the return of Le Thai Sam as chairman, taking the reins from Luong Hoai Nam, who stepped down for…
Bamboo Airways is set for a leadership transition as chairman Phan Dinh Tue has submitted his resignation, pending shareholder approval at an extraordinary general meeting scheduled for July 5. New Leadership on the Horizon The airline announced that a new…
After restructuring its flight network, Bamboo Airways has said it will also reduce the number of aircraft to lower costs. An executive at the airline said the restructuring in the past two months included discontinuing unprofitable routes. The airline has…
Sacombank, a major creditor of Bamboo Airways, is seeking approval from economic regulators to invest in the local carrier.
Prime Minister Pham Minh Chinh has asked relevant ministries to find solutions to Bamboo Airways’ issues on capital, transfer of shares to new investors, and its fleet expansion. The airline has recently faced many difficulties, especially in finance. In…
CEO of Bamboo Airways Nguyen Minh Hai has resigned less than two months after assuming the position. Following his resignation announced by the carrier on Tuesday, deputy chairman Nguyen Ngoc Trong will be the airline’s acting CEO. Hai was named Bamboo…
Property developer Him Lam, the new owner of Bamboo Airways, plans to build an aviation ecosystem centered around the latter while expanding its presence in Asia. Bamboo Airways began flying in 2019 and became the first private carrier to operate wide-body…
Bamboo Airways posted an accumulated loss of VND3.2 trillion ($136 million) last year, higher than that of Vietnam Airlines and Vietjet. Although the company saw revenue tripling to VND11.73 trillion, costs still exceeded that figure due to difficulties in…
Bamboo Airways has appointed Nguyen Minh Hai as CEO to replace Nguyen Manh Quan with effect from May 24. The carrier said Quan had asked to step down from the position he had held since July 2022. Under his leadership, Bamboo earned record revenues in the…
Bamboo Airways owes one of its directors, Le Thai Sam, almost VND7.73 trillion ($329.50 million) as of April 10, according to a meeting on Tuesday. Sam, who became a board member in July last year, will soon receive a 21.7% stake from FLC, which has been…
National Citizen Commercial Bank plans to seek shareholders’ permission this month to sell 203 million shares, equivalent to a 11% stake, of Bamboo Airways. Property developer FLC pledged some of the shares as collateral for loans. FLC and its disgraced…
Shareholders of Bamboo Airways, at an extraordinary general meeting on Monday, rejected plans for a private placement of shares to increase charter capital. The proposal for a VND9.57-trillion ($405.5 million) issue to increase the capital to VND28 trillion,…
Bamboo Airways plans to make a rights issue of shares to increase its capital by 54%, or nearly VND10 trillion (US$425.44 million), to fund operations and pay off debts. It will offer 35 new shares for every 100 held and the issuance will be made this year.…
Property developer FLC will use nearly 155 million Bamboo Airways shares as collaterals for loans from lender OCB, repeating a decision it made three years ago. The company will also use golf project FLC Quang Binh Golf Links as collateral for the loans from…
