Struggling Bamboo Airways stops all intercontinental flights

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The Vietnamese private company Bamboo Airways announced that she would abandon her intercontinental flights and get rid of his long-haul Boeing 787 fleet as part of its restructuring, it announced in a press release.

It has already abruptly interrupted services to London in mid-October and will stop all other long-haul services, namely Frankfurt, Melbourne and Sydney, in November. At the same time, it is in negotiations with the rental companies from which it rents its planes to return part of the planes and therefore all the Boeing 787-9 Dreamliners. It has already returned at least one Airbus A320neo, five A321neos, a Boeing 787-9 and an Embraer ERJ-190 to its lessors. Its remaining fleet now consists of six A320s, five A320neos, four A321s, one A321neo, two 787-9s and four ERJ-190s. Bamboo Airlines also has a current order directly with Boeing for 10 787-9s which it will certainly negotiate with the American aircraft manufacturer to obtain cancellation.

For the end of 2023 and next year, Bamboo Airways intends to integrate new single-aisle aircraft more suited to its needs, which will be deployed on the main domestic routes of Vietnam, strengthening the popular routes between the metropolises Hanoi, Ho Chi Minh City (formerly Saigon) and Da Nang. It will also offer expanded services on high-demand regional routes to Southeast Asia.

Bamboo Airways, Vietnam’s third largest airline with a 17% market share, said it had undertaken a drastic restructuring of its network, fleet and human resources. It recorded losses of 17.6 trillion dong ($722 million) last year, according to the Hanoi government.

John Walker Avatar