Viet Nam’s securities and markets regulator, the State Securities Commission, has refused to give majority state-owned flag carrier Vietnam Airlines (VN, Hanoi Noi Bai International) more time to complete its accounts and related disclosures for 2022 and publish them without delay, a Ho Chi ...
One year ago, Vietnam Airlinesventured into negative equityterritory for the first time with its financial report for the first half of 2021 and as a consequence faced a delisting risk. Itmanaged to avoid thatafter issuing 800 million additional shares worth VND8 trillion (USD340 million). How...
This really came to a head towards the end of 2022 when the Vietnamese government introduced its ‘Blazing Furnace’ drive, in an attempt to crackdown on corruption in the country. This has had mixed results, with 2023 alone seeing a total of 24,162 cases brought against people for either...
Airlines will lose $51.8 billion in 2021, more than previously forecast, according to an updated outlook from the International Air Transport Association (IATA). Net losses for 2020 were also revised higher, to $137.7 billion. More woes are expected next year too – a $11.6 billion dollar los...
Available online: http://spirit.vietnamairlines.com/vi/tintuc/news-114/vietnams-aircraft-fleet-to-quadruple-by-2038-4791.html (accessed on 29 October 2020). International Trade Administration. Vietnam-Country Commercial Guide. Available online: https://www.trade.gov/country-commercial-guides/...
Just as the industry is broad, so too is the solution set. There is no one-size-fits-all response to COVID-19 for airlines. Even well-performing, well-capitalized companies are experiencing disruption, unable to operate business as usual. The recovery timeline for each segment of the market...