Vietnam Airlines in share sales talks with foreign investors

Vietnam Airlines will offer more shares to foreign investors, including possibly another airline, as it prepares a listing on the Ho Chi Minh City Stock Exchange next year and the govt plans to cut its holdings to 51%. The carrier -- which sold an 8.8% stake to ANA Holdings last year for US$108m -- is discussing the sale of another 4.1% stake as early as this month with potential investors, Vietnam Airlines CE Duong Tri Thanh said Thursday. ANA, which is limited by Japanese regulation to a 10% stake in the carrier, may be interested in “other opportunities in our subsidiaries,” he said. “The share sales will enable Vietnam Airlines to continue implementing an ambitious investment plan of expanding and upgrading its fleet and improving overall service quality,” Thanh said. <br/>