The Ministry of Transport plans to reduce the state ownership stake in Vietnam Airlines Corporation to 51 per cent of the charter capital in 2019. A Vietnam Airlines staff shows tourism package for customers. - Photo VNA The state currently holds 86.16 per cent of Vietnam Airlines’ charter capital, worth nearly VND12.3 trillion after equitisation. The ministry has required the representative of state capital at Vietnam Airlines to create concrete methods to reduce the State’s ownership stake based on the corporation’s business and production plans, development investment and the stock market situation, especially given the demand for liquid capital in the coming period. The chosen methods will have to detail the implementation process and provide an overall evaluation of benefits to the State and the corporation. In November 2017, the representative of the state capital at Vietnam Airlines submitted to the ministry a roadmap for State divestment of capital … [Read more...] about State ownership cut to 51pc at Vietnam Airlines
Vietnam airlines
State ownership in Vietnam Airlines to reduce to 51 pct in 2019
Vietnam Airlines aircraft (Source: VNA) Hanoi (VNA) – 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. The ministry said these plans should be based on the corporation’s business and development investment strategies as well as the stock market situation and capital demands. The plans must contain implementation methods and progress, and assessments of interests of the State and the enterprise. Earlier, in late November 2017, the representative of State-owned capital at Vietnam Airlines submitted a State capital divestment plan for 2017-2020 to the transport ministry . Vietnam Airlines has charter capital of nearly 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, … [Read more...] about State ownership in Vietnam Airlines to reduce to 51 pct in 2019
Vietnam Airlines asked to reduce State ownership to 51 pct in 2019
Vietnam Airlines aircraft (Source: VNA) Hanoi (VNA) – 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. The ministry said these plans should be based on the corporation’s business and development investment strategies as well as the stock market situation and capital demands. The plans must contain implementation methods and progress, and assessments of interests of the State and the enterprise. Earlier, in late November 2017, the representative of State-owned capital at Vietnam Airlines submitted a State capital divestment plan for 2017-2020 to the transport ministry . Vietnam Airlines has charter capital of nearly 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, … [Read more...] about Vietnam Airlines asked to reduce State ownership to 51 pct in 2019
State ownership cut to 51% at Vietnam Airlines
The Ministry of Transport plans to reduce the State ownership stake in Vietnam Airlines Corporation to 51 per cent of the charter capital in 2019. A Vietnam Airlines staff shows tourism package for customers. - Photo VNA The State currently holds 86.16 per cent of Vietnam Airlines’ charter capital, worth nearly VNĐ12.3 trillion after equitisation. The ministry has required the representative of State capital at Vietnam Airlines to create concrete methods to reduce the State’s ownership stake based on the corporation’s business and production plans, development investment and the stock market situation, especially given the demand for liquid capital in the coming period. The chosen methods will have to detail the implementation process and provide an overall evaluation of benefits to the State and the corporation. In November 2017, the representative of the State capital at Vietnam Airlines submitted to the ministry a roadmap for State divestment of … [Read more...] about State ownership cut to 51% at Vietnam Airlines
Vietnam Airlines, VietJet adjust fees up
A Vietnam Airlines aircraft (Photo: VNA) Hanoi (VNA) – Vietnam Airline and VietJet Air announced increases of their ticket prices and services as from April 1. Vietnam Airlines’ ticket fee for children aged 2 – 12 will equal 90 percent of that for adults, compared to the current 75 percent. This means increases of between 30,000 and 400,000 VND (1.32 – 17.56 USD) per leg depending on the age of the passengers. The airline said with the change, children will enjoy equal services as adult passengers in terms of seats, meals and baggage, among others. Jetstar Pacific, which is majority owned by Vietnam Airlines, also raised the price of its children’s tickets on domestic flights to 209,000 VND (9.18 USD) per person per leg from the previous 110,000 – 150,000 VND (4.83 – 6.58 USD). Meanwhile, VietJet Air said it will increase the price to change passengers’ names and flight dates for both domestic and international routes. Between … [Read more...] about Vietnam Airlines, VietJet adjust fees up