Vietnam's Bamboo Airways seeks to raise US$100m from IPO next year
Bamboo Airways is looking to raise around US$100m from its planned IPO in 2020 to expand its operation in one of the world’s fastest-growing aviation markets, the company said Tuesday. “The fundraising will help us to expand our fleet and increase our domestic market share to 30% from 10% now,” Bamboo Airways said. The airline, owned by property and leisure company FLC Group , now operates 10 aircraft on 25 domestic and international routes and was just given green light by the govt to increase its fleet to 30 aircraft by 2023. Bamboo Airways plans to be the first Vietnamese airline to launch direct flights to the US from Vietnam, its chairman Trinh Van Quyet said last month. Vietnam’s aviation market has seen a double-digit annual growth over the past 10 years. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-09-25/unaligned/vietnams-bamboo-airways-seeks-to-raise-us-100m-from-ipo-next-year
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Vietnam's Bamboo Airways seeks to raise US$100m from IPO next year
Bamboo Airways is looking to raise around US$100m from its planned IPO in 2020 to expand its operation in one of the world’s fastest-growing aviation markets, the company said Tuesday. “The fundraising will help us to expand our fleet and increase our domestic market share to 30% from 10% now,” Bamboo Airways said. The airline, owned by property and leisure company FLC Group , now operates 10 aircraft on 25 domestic and international routes and was just given green light by the govt to increase its fleet to 30 aircraft by 2023. Bamboo Airways plans to be the first Vietnamese airline to launch direct flights to the US from Vietnam, its chairman Trinh Van Quyet said last month. Vietnam’s aviation market has seen a double-digit annual growth over the past 10 years. <br/>
