US financial group eyes stake in Pacific Airlines

22-Jul-2006 Intellasia | 20/Jul/2006 Sai Gon Giai Phong | 8:47 AM Print This Post

A US financial group is negotiating to become the first foreign investor of Vietnam’s semi private Pacific Airlines.
The group said it would take a US$50 million equity to help the financially airline restructure and help the firm become the first low-cost airline in Vietnam, similar to Singapore’s Tiger Airways, and Malaysian AirAsia or Indonesia’s Lion Air.

 


Category: Business

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