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Nguyen Minh Hai, who was the CEO of Bamboo Airways for two months earlier this year, has been appointed new CEO of Vietravel Airlines.
He replaced Vu Duc Bien, who has been running the company since its foundation in 2020. Bien quit for personal reasons.
Hai has 25 years of experience in the aviation industry. He was previously deputy CEO of Vietnam Airlines and CEO of Cambodia’s Angkor Air.
Hai was appointed CEO of Bamboo Airways in May and was expected to bring the company to profitability, but he quit in July.
He is set to face difficulties managing Vietravel Airlines, which has been struggling to expand since its maiden flight early in 2021.
Its fleet size is limited at four jets and its routes are few. The company is still looking for a strategic investor to quickly expand.
The airline recently appointed former German vice-chancellor Philipp Rösler as a director to help expand its international network.
It plans to issue shares to increase its charter capital from VND1.3 trillion (US$52.88 million) to VND2 trillion in the near future and to enlarge its fleet and expand its routes.
