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State ownership in Vietnam Airlines to reduce to 51 pct in 2019

The Ministry of Transport has asked the representative of State stake in Vietnam Airlines to draft plans to reduce State ownership to 51 percent of the national flag carrier’s charter capital in 2019.
State ownership in Vietnam Airlines to reduce to 51 pct in 2019 ảnh 1Vietnam Airlines aircraft (Source: VNA)

Hanoi (VNA) – The Ministry of Transport has asked the representativeof State stake in Vietnam Airlines to draft plans to reduce State ownership to51 percent of the national flag carrier’s charter capital in 2019.

The ministry said these plans should bebased on the corporation’s business and development investment strategies aswell as the stock market situation and capital demands.

The plans must contain implementationmethods and progress, and assessments of interests of the State and theenterprise.

Earlier, in late November 2017, the representativeof State-owned capital at Vietnam Airlines submitted a State capital divestmentplan for 2017-2020 to the transport ministry .

Vietnam Airlines has charter capital ofnearly 12.28 trillion VND, of which the State holds 1.057 billion shares,equivalent to 86 percent of the charter capital. Of the remaining shareholders,ANA Holdings Inc, Japan’s largest aviation group, holds 107 million shares,nearly 8.8 percent of charter capital.-VNA
VNA
#Ministry of Transport #Vietnam Airlines #State ownership #51 percent #national flag carrier #charter capital #2019 #Vietnamplus #Vietnam News Agency
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