Bamboo Airways hikes capital by 50 pct

By Dat Nguyen   February 23, 2021 | 12:30 pm GMT+7
Bamboo Airways hikes capital by 50 pct
An aircraft of Bamboo Airways prepares to land at Tan Son Nhat International Airport in Ho Chi Minh City. Photo by Shutterstock/Phuong D. Nguyen.
Bamboo Airways has increased its charter capital by half to VND10.5 trillion ($458 million), its fifth hike in less than four years since establishment.

The airline, in which conglomerate FLC owns a 51.29 percent stake, posted a pre-tax profit of over VND400 billion last year, up 34 percent from 2019.

The airline began flying in 2019, and carried over four million passengers last year, a 40 percent increase from the previous year.

It has a fleet of nearly 30 aircraft and plans to expand it to 50 this year. It has the best on-time performance in the country.

 
 
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