Value of Vietnam's 'bikini airline' overtakes national carrier
VietJet's market capitalisation surpassed that of Vietnam Airlines Monday, only a week after it was listed. VietJet grabbed headlines with bikini-clad flight attendants when it was launched in 2011 and its success on the Ho Chi Minh stock exchange reflects its rapid ascent since. VietJet's market share is expected to top that of Vietnam Airlines this year, a feat it has achieved by tapping into a fast-growing economy and a young population starting to travel more. VietJet shares hit US$6.03 each, valuing it at $1.8b, ahead of Vietnam Airlines at $1.7b. Growth in the Vietnamese market, which is one of the fastest in Asia Pacific, and a relatively small free-float in VietJet shares for retail investors, had driven the price of the shares, brokers said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-03-07/unaligned/value-of-vietnams-bikini-airline-overtakes-national-carrier
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Value of Vietnam's 'bikini airline' overtakes national carrier
VietJet's market capitalisation surpassed that of Vietnam Airlines Monday, only a week after it was listed. VietJet grabbed headlines with bikini-clad flight attendants when it was launched in 2011 and its success on the Ho Chi Minh stock exchange reflects its rapid ascent since. VietJet's market share is expected to top that of Vietnam Airlines this year, a feat it has achieved by tapping into a fast-growing economy and a young population starting to travel more. VietJet shares hit US$6.03 each, valuing it at $1.8b, ahead of Vietnam Airlines at $1.7b. Growth in the Vietnamese market, which is one of the fastest in Asia Pacific, and a relatively small free-float in VietJet shares for retail investors, had driven the price of the shares, brokers said. <br/>
