Property developer FLC buys back Bamboo Airways

By Anh Tu September 25, 2025 | 01:12 am PT

Property developer FLC has bought back struggling Bamboo Airways from a group of investors, two years after relinquishing ownership.

Bamboo Airways chairman Le Thai Sam said at the airline’s extraordinary meeting Thursday that efforts to restructure over the past two years had not achieved expected outcomes.

Bamboo Airways seen at Tan Son Nhat International Airport in Ho Chi Minh City in August 2019. Photo by VnExpress/Giang Huy

The carrier now operates only seven Airbus aircraft on 12 domestic routes and has suspended regular international flights, maintaining only charter services.

Before the restructuring it had 30 narrow-body and wide-body aircraft flying on 66 domestic and 15 international routes.

Sam said the group of investors who had bought the airline from FLC is currently not financially capable of operating it.

Bamboo Airways was established by FLC in 2017 and started flying in early 2019.

In May 2023 the airline was fully sold to Sam. He will continue as chairman of the airline.