As it scrambles for ways to cut costs and secure new revenue streams, with renewed doubts cast over its ability to keep operating, Vietnam Airlines (VN, Hanoi) is negotiating to cancel the delivery of four Boeing B787s and Airbus A320s and also postpone the delivery of five other new aircraft to the end of 2022 and 2023 instead of 2020-21 as originally agreed. The troubled majority-state-owned flag carrier, which obtained a VND12t dong (US$513m) bailout last year while grappling with around VND20t (US$854m) worth of debt, has also sold one aircraft, transferred the rights to buy and lease back one engine, and liquidated its investment in Cambodia Angkor Air, it summarised in its latest financial statements, covering the first half of 2022. These moves earned it more than VND860b (US$36.8m). Vietnam Airlines said it was continuing to look for other sources of revenue, including further downsizing of its fleet, selling more engines, and offloading financial investments. Vietnam Airlines has four aircraft due for delivery, all of them B787-10s. It already operates another four of the type as well as eleven B787-9s. The carrier does not have any orders from Airbus, and the report did not clarify which specific deliveries it had tried to cancel, but it has in the past sought to renew its narrowbody fleet through smaller dry-lease deals with lessors. However, just one month ago it issued a Request for Proposals for the dry-lease of three new-build A320-200Ns with expected delivery dates in 2022 or 2023.<br/>