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#bamboo

Every story tagged #bamboo on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.

21 stories in this topic

Bamboo
General
1 min read

FLC uses Bamboo Airways shares as collateral

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…

vietnam airlines
General
2 min read

Vietnamese airlines race to find new investors

Pacific Airlines, Bamboo Airways, and Vietravel Airlines are seeking new investors to help them overcome financial difficulties and speed up their post-pandemic recovery. Vietnam Airlines, which owns approximately 98% of Pacific Airlines’ shares, has been…

Bamboo
General
1 min read

Bamboo Airways names new senior advisor amid restructuring

Sacombank Chairman Duong Cong Minh was appointed senior advisor to the board of directors at Bamboo Airways to support the airline’s restructuring. Minh, 62, is also the founder and chairman of property developer Him Lam. His appointment came three days after…

Bamboo Airways
General
1 min read

Vietnam–US air fare starts from $1,300: Bamboo Airways

A Bamboo Airways return ticket between Vietnam and the U.S. is set to cost $1,300-1,500, with the first regular flight planned for the first quarter of next year. Bamboo Airways plans to start one regular flight every two days from Ho Chi Minh City to San…

Bamboo Ariways Crew
General
1 min read

Bamboo Airways set to list its stocks

Bamboo Airways plans to list on the Unlisted Public Company Market next quarter while preparing for an IPO in the U.S. Prices of the ticker BAV will be at least VND60,000 ($2.65), CEO Nguyen Khac Hai said in a statement Friday. UPCoM serves as a market to…

bamboo
General
1 min read

Bamboo Airways signs $2-bln deal with Safran, GE

Bamboo Airways has signed a EUR1.73-billion ($2 billion) deal with France’s Safran and the U.S.’s General Electric for aircraft engines and equipment. The Vietnamese carrier on Wednesday signed a memorandum of understanding with Safran and GE to purchase…

Bamboo Ariways Crew
General
2 min read

Vietnamese carrier announces first Vietnam-UK direct flights

Bamboo Airways announced the launch of the first Vietnam-U.K. direct flight routes Sunday in the presence of PM Pham Minh Chinh, in the U.K. for the COP26 meet. The airline also confirmed that local firm APG UK will be its representative in the U.K. Bamboo…

vietnam airlines 2
General
1 min read

Pandemic grounds 39 Vietnam aircraft

Vietnam had 39 aircraft, or over 14 percent of its fleet, grounded in the first quarter after a new Covid-19 outbreak cut travel demand. Eighteen of the grounded aircraft belonged to national flag carrier Vietnam Airlines, 14 to budget carrier Vietjet, four…

bamboo airways
General
1 min read

Bamboo Airways plans US IPO in Q3

Private carrier Bamboo Airways is considering an initial public offering of shares in the U.S. this year to raise $200 million. The IPO is expected to take place in the third quarter, with the company likely to offer a 5-7 percent stake to secure a market…

Bamboo Ariways Crew
General
1 min read

Bamboo Airways warned for overselling tickets

Vietnam’s aviation authorities have ordered Bamboo Airways to stop selling tickets for the wrong flight slots after many passengers complained of canceled and delayed flights. Each airline has an allocated number of flight slots, meaning a specific period of…

Bamboo Ariways Crew
General
1 min read

Bamboo Airways secures flight slots in London

Bamboo Airways has got a slot allocated at London’s Heathrow Airport to fly six times a week from Hanoi and HCMC starting in May. The flights would be operated using the airline’s long-haul Boeing 787-9 Dreamliner aircraft. The carrier had stated its…

Bamboo Airways
General
1 min read

Bamboo Airways eyes fleet expansion

Bamboo Airways plans to have a fleet of 100 aircraft by 2024 with the majority of them being Boeing 787-9 or Airbus A321. The carrier said in a statement Thursday it would lease the first Boeing 787-9 in October since the 10 it has ordered would not be…