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Bamboo Airways to go IPO next year

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.
Bamboo Airways to go IPO next year ảnh 1Bamboo Airways is planning to issue an initial public offering (IPO) in 2020 to serve its expansion plans (Photo: VNA)

Hanoi (VNA) - Bamboo Airways, asubsidiary of real estate developer FLC Group, is planning to issue an initial public offering (IPO) in 2020 to serveits expansion plans.

Chairmanand CEO of Bamboo Airways Trinh VanQuyet said it is expected to raise about 100 million USD, which will helpBamboo Airways expand its fleet, targeting to occupy 30 percent of the marketshare next year.

Currently,the airline holds about 10 percent market share of Vietnam’s aviation market. It operates 10 aircraft on25 domestic and international routes.

BambooAirways will also list shares next year after the IPO, however, Quyet said he has not decidedon a bourse yet.

InAugust this year, Prime Minister Nguyen Xuan Phuc allowed the carrier toincrease its fleet to 30 aircraft by 2023, including both narrow-body andwide-body aircraft./.
VNA
#Bamboo Airways #subsidiary #real estate developer FLC Group #Chairman and CEO of Bamboo Airways Trinh Van Quyet #Prime Minister Nguyen Xuan Phuc #narrow-body and wide-body aircraft #Vietnamplus #Vietnam News Agency
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