Bamboo Airways offers shares to foreign investor

Wednesday, Dec 25, 2019 11:58

First Boeing 787-9 Aircraft of Bamboo Airways. — Photo

Bamboo Airways is offering its shares to a strategic foreign investor for a minimum of VND160,000 (US$6.91) per share, local media reported.

The companys chairman Trinh Van Quyet was cited as saying on Sunday that Bamboo Airways is in talks with a foreign investor.

In October 2019, the aviation business announced its IPO plan that valued the company at VND60,000 per share.

After that, the Vietnam Inspection and Valuation JSC (VIVC) valued Bamboo Airways shares at VND82,280 per share.

In November, chairman Quyet confirmed the airline will negotiate with institutional investors, not individuals, and list on the stock exchange in 2020.

On Sunday, Bamboo Airways also revealed it has received a Boeing 787-9 Dreamliner aircraft, increasing the total number of in-use aircrafts to 22.

The company expected to have four Boeing 787-9 airplanes in January 2020.

After one-year operation, Bamboo Airways is exploring 34 domestic and international routes and it is seeking to expand the fleet.

Total number of aircrafts is projected to reach 30 in January 2020. — VNS

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