Vietnam: Rumor of bankruptcy around Bamboo Airways

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The airline company Bamboo Airways denied the bankruptcy filing rumors imminent, ensuring that it is “operating stably”.

The Vietnamese company founded in 2017 and launched two years later between the airports of Ho Chi Minh City-Tan Son Nhat And Hanoi-Noi Bai is she on probation? The rumor arose from a statement by the chairman of rival Vietnam Airlines, Dang Ngoc Hoa, who a week earlier said he was aware ” that a fairly large airline in Vietnam was discussing with the government a request for creditor protection.

Director of Vietnam’s Civil Aviation Authority Dinh Viet Thang told local media that he had “no not received the information and had no comment on the issue of bankruptcy of Vietnamese airlines “. While stressing that the post-Covid-19 pandemic financial difficulties in Vietnam are the same as in the rest of the world, and that the authorities “ always support them “.

Bamboo Airways news has been rather bleak in recent months, after impressive growth: loss of $747.8 million for the year 2022, but also according to ch-aviation changes of governance radicals: replacement of the CEO after two months of service, and of the president 16 days after his appointment. New chairman Le Thai Sam now owns a 53.6% stake in Bamboo Airways, while another group of investors has reportedly given the airline a $340 million loan, preventing a possible suspension of some routes.

Bamboo Airways is also in discussion with aircraft manufacturers Airbus And Boeing to spread the payment deadlines. Its fleet now has 30 planes including six A320s, six A320neos, four A321s, six A321neos and five Embraer 190s, plus for long-haul three 787-9 Dreamliners out of the thirteen expected.

John Walker Avatar