Vietnam's bikini-clad carrier seeks IPO to be `Emirates of Asia'
VietJet Aviation may hold its IPO as early as Q2as it plans to build global routes and become a top budget airline in Asia. The IPO’s exact timing will depend on market developments domestically and globally, CE Nguyen Thi Phuong Thao said Friday. The company hasn’t finalised how much it wants to raise and could offer as much as a 30% stake, the regulatory limit for foreign holdings, she said. “We plan to make VietJet a global airline," Thao said. "We look at Emirates, which came from a country with a small population and has become a global airline. We want to make VietJet the Emirates of Asia." VietJet carried 9.3m passengers in 2015, an increase of 66% from 2014. Revenue soared 205% last year to VND10.9t (US$488m) while net income rose to almost VND1t, according to the company. The airline expects revenue to double this year. <br/>
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Vietnam's bikini-clad carrier seeks IPO to be `Emirates of Asia'
VietJet Aviation may hold its IPO as early as Q2as it plans to build global routes and become a top budget airline in Asia. The IPO’s exact timing will depend on market developments domestically and globally, CE Nguyen Thi Phuong Thao said Friday. The company hasn’t finalised how much it wants to raise and could offer as much as a 30% stake, the regulatory limit for foreign holdings, she said. “We plan to make VietJet a global airline," Thao said. "We look at Emirates, which came from a country with a small population and has become a global airline. We want to make VietJet the Emirates of Asia." VietJet carried 9.3m passengers in 2015, an increase of 66% from 2014. Revenue soared 205% last year to VND10.9t (US$488m) while net income rose to almost VND1t, according to the company. The airline expects revenue to double this year. <br/>
