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Update news Bamboo Airways
Vietnam's booming tourism industry has led to growth in the aviation sector, with more routes and airlines creating a new landscape for the industry.
The booming aviation sector in Việt Nam needs investment from the private sector to ensure that it has adequate airport infrastructure for continued...
The firm announced on November 2 that 405 million shares, worth VNĐ4.05 trillion, will be traded on the Over-The-Counter (OTC) market as BAV.
Property developer FLC Group has cancelled the issuance of 300 million shares for current shareholders.
Newly-opened Bamboo Airways topped the list of Vietnamese airlines in terms of on-time performance index in the first nine months of this year, according to the Civil Aviation Administration of Vietnam (CAAV).
The Vietnamese aviation market grew slowly in the first half of 2019, falling far short of the double-digit average growth in 2013-2018.
Bamboo Airways, a subsidiary of real estate developer FLC Group, is planning to issue an initial public offering (IPO) in 2020 to serve its expansion plans.
Vietnam has all legal conditions to open non-stop air routes to the US. However, air carriers are still reluctant to fly non-stop to the US for fear for losses.
The year 2020 will mark 65 years of Vietnam`s civil aviation industry which has developed rapidly in the past decade with 10 airports capable of serving international flights and 12 domestic airports.
Bamboo Airways, the private airline which has just joined the market, plans to provide non-stop flights from late 2020 or early 2021. Meanwhile, older carriers still have not made any statements about the matter.
Five domestic airlines reported 3,933 delayed flights in July, according to the Civil Aviation Authority of Vietnam (CAAV).
After the US Federal Aviation Administration (FAA) granted a certificate of Category 1 aviation safety rating (CAT1) for Vietnam’s Civil Aviation Authority (CAA) in February, many domestic airlines intended to open direct routes to the US.
Will the sixth airline be able to make things happen in the market with five other competitors?
The operation of Bamboo Airways deeply decreased the gross margin of FLC’s services.
The move by Vingroup to establish Vinpearl Air once again shows the attractiveness of the domestic aviation market.
Bamboo Airways, a subsidiary of real estate developer FLC Group, will begin the construction of an aviation training centre this month, said its CEO Dang Tat Thang.
Japan's Ibaraki prefecture will sign a MoU with Vietnam’s Bamboo Airways in July 2019 to jointly conduct a survey on potential passengers to launch an air route between the prefecture and Vietnam.
Bamboo Airways will start building an aviation academy this year to improve its human resource management.
The Ministry of Transport agreed on the need for Bamboo Airways, a subsidiary of FLC Group, to increase its fleet to 30 aircraft by 2023 after considering opinions of relevant parties at a meeting on June 21.
Chair of Vietnam Airlines Pham Ngoc Minh says the nation’s flag air carrier is planning to raise wages for its pilots equal to 90 percent of the average level in Southeast Asia.