Lương Hoài Nam, the CEO of Bamboo Airways, acknowledged the difficulties of airline restructuring, but expressed the company''s goal to make 2024 the final year of operating at a loss.
Under the contract, the IAI will provide maintenance services for six CFM56-5B engines installed on the Vietnamese carrier’s A321 aircraft in the 2024-25 period.
Starting from April, Bamboo Airways will suspend flights from HCM City and Hà Nội to the popular travel destination Côn Đảo Archipelago off the coast of Bà Rịa-Vũng Tàu Province in southern Việt Nam.
In 2024, the airline plans to concentrate on bolstering its domestic air travel services while also operating international flights through charter services.
The airline has also applied a flexible ticket price policy, suitable for the affordability of many passengers, and offered promotional fares starting from only VNĐ49,000 (US$2.02) (excluding taxes and fees) for many air routes.
Bamboo Airways has been honoured by the World Travel Awards in two significant categories: "Asia''s Leading Regional Airline 2023" and "Asia''s Leading Airline Rewards Programme 2023” at a ceremony for the Asia-Oceania region held in HCM City.
Bamboo Airways is planning to raise its charter capital to VND30 trillion (nearly US$1.3 billion) to restructure its debts and increase capital for its core and support business activities.
The National Citizen Joint Stock Commercial Bank (NVB) plans to sell 203 million shares in Bamboo Airways, equivalent to 11 per cent of the airline''s current capital.