Prime Minister Nguyen Tan Dung on Nov. 16 instructed the fully State-owned Vietnam Airlines to implement a process of restructuring, after which the State will hold more than 50 percent of the company's charter capital.

Vietnam Airlines officials were not available for immediate comment on Nov. 16.

The PM allowed Vietnam Airlines to retain its 100 percent stake in Vietnam Airlines Engineering Co Ltd (VAECO), under the guidelines for restructuring the airline's subsidiary companies from 2011 to 2015.

The national flag carrier was also told to equitise Vietnam Air Petrol Co Ltd (Vinapco) and to keep over 50 percent of Vinapco after the restructuring.

Vietnam Airlines is allowed to decide its own stake in three facilities: Noi Bai International Airport Ground Services, Da Nang Airport Ground Services, and Tan Son Nhat International Airport Ground Services.

The PM ordered the carrier to report on the process of restructuring Vietnam Air Services Co (Vasco) and all aircraft purchase projects within the next two months.

The PM also noted that the decision to establish the National Vietnam Airlines Group will be considered after assessing pilot performance with the economic group model./.