Revealing Vietnam Airlines' strategic investor

Up to this point, there has been an investor from Japan who has expressed interest in sending a letter confirming their desire to negotiate and sign a contract to become a strategic investor of Vietnam Airlines Corporation.

This information was confirmed by Chairman of the Board of Directors of Vietnam Airlines Pham Viet Thanh at the working session of Deputy Minister of Transport Nguyen Nhat with this enterprise yesterday afternoon (September 23).

According to Mr. Thanh, Vietnam Airlines is establishing negotiation groups and developing detailed negotiation plans with potential strategic investors.

Regarding the issue of divestment, Mr. Thanh said that by September 15, the Corporation had divested 11/15 portfolios. Based on the actual investment capital ratio, the Corporation had divested more than 326 billion VND, accounting for more than 75% of the total capital required to be divested. The total amount collected was more than 609 billion VND, an increase of more than 282 billion VND compared to the total actual investment capital value in these 11 enterprises.

“With the remaining four portfolios including Aviation High-grade Plastics Company, Aviation Hotel Joint Stock Company, Aviation Investment Joint Stock Company and Saigon Post and Telecommunications Joint Stock Company, Vietnam Airlines will speed up the progress to complete divestment according to schedule,” Mr. Thanh affirmed.

Reporting on the business results over the past 9 months, Vietnam Airlines General Director Pham Ngoc Minh said that as of September 22, Vietnam Airlines had conducted nearly 94,000 safe flights, up 3.9% over the same period in 2014. The total number of passengers transported in the first 9 months is estimated at more than 12,700,000, up 5.7% over the same period, exceeding the 9-month plan by 2.5%. The total amount of goods transported in the first 9 months was over 150,000 tons, up 6% over the same period. Total revenue in the first 9 months is estimated at more than 40.1 trillion VND, equal to 75.8% of the yearly plan. Pre-tax profit is estimated at 304 billion VND, exceeding the yearly plan by 69%.

Regarding the fleet investment plan, Mr. Minh affirmed that Vietnam Airlines is the first and only airline in the world that dares to receive two new generation aircraft at the same time, the Airbus A350 and the Boeing 787-9.

It is expected that by the end of the year, Vietnam Airlines will receive five Boeing 787s and four Airbus A350s. “If nothing changes, on September 30, we will launch flights from Hanoi to Paris using A350s,” said Mr. Minh.

According to Traffic