Bamboo Airways raises charter capital to USD55.87 million

17-Sep-2019 Intellasia | DtiNews | 6:02 AM Print This Post

Bamboo Airways has officially received the Ministry of Transport’s licence for its adjusted operations, including the rise in charter capital.

Under the revised licence, the carrier will be allowed to raise its charter capital from VND700 billion to VND1.3 trillion (USD55.87 million).

The airline will also expand its fleet to 30 from 10 aeroplanes by the first quarter of 2020.

Under the government’s decision, VND1.3 trillion is the minimum capital for an airline to operate 30 aeroplanes on both local and international flights.

According to Vo Huy Cuong, deputy head of the Civil Aviation Administration of Vietnam (CAAV), Bamboo airways’ human resource development and recruitment plans are feasible to ensure the operation of 30 aircraft.

Bamboo Airways plans to receive the first wide-body aircraft ordered from Boeing in the fourth quarter of 2020.

The firm has set a goal to increase the aeroplane number to 100 by 2024.

By 2023, airlines in Vietnam will operate 360-380 aeroplanes. million.html


Category: Business, Vietnam

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