Saturday, August 19, 2017 - 7:02:35

Vietnam Airlines completes procedures to become joint-stock company

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Illustrative image (Photo: Internet)
   

Hanoi (VNA) – The national flag air carrier Vietnam Airlines has completed procedures to become a joint-stock company, the corporation announced on October 16. 

The airline will then undertake procedures to list its shares on the stock exchange in the time ahead. 

Vietnam Airlines was established as a state-owned single member limited company but it was equitised in 2014. 

It was given a Skytrax four-star rating in July this year and is striving to become a five-star airline in 2020. 

The corporation generated an estimated consolidated revenue of more than 52.5 trillion VND (2.34 billion USD) in the first nine months of this year, up 6 percent year-on-year. 

Consolidated pre-tax profit during the period reached 2.6 trillion VND (116 million USD), the company said in its latest press release. 

During the reviewed period, the company operated over 106,000 domestic and international flights, surging 10.5 percent year-on-year. It carried 14.9 million passengers, up 16.4 percent year-on-year, with domestic transport increasing by 23 percent. 

The firm also transported 193,000 tonnes of cargo in the period, up 21 percent. 

From January to September, the company put into operation four Airbus A350s and eight Boeing 787s.-VNA

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