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Vietnam Airlines to issue $346mln in shares to support recovery

Vietnam Airlines garantit les meilleurs services pour le 13e Congrès national du Parti | Société

Vietnam Airlines garantit les meilleurs services pour le 13e Congrès national du Parti | Société
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Vietnam Airlines set to perform better than expected - VnExpress International

Vietnam Airlines set to perform better than expected By Anh Tu   December 30, 2020 | 07:30 am GMT+7 Flight attendants in protective clothes serve Vietnamese citizens on a repatriation flight from Japan on April 22, 2020. Photo courtesy of Vietnam Airlines. National carrier Vietnam Airlines expects 2020 losses of VND12 trillion ($521.11 million), about 17 percent lower than it had forecast in August. The carrier’s consolidated revenue this year is estimated at VND42.5 trillion, with parent company revenues reaching VND33 trillion, exceeding targets set earlier this year by 4.8 percent and 1.4 percent respectively, Vietnam Airlines chairman Dang Ngoc Hoa said Tuesday at an extraordinary general shareholders’ meeting. This allows the company to undershoot the VND14.45 trillion loss figure forecast at the annual general meeting in August, he said.

Vietnam Airlines to issue $346 mln in shares to support recovery

Tuesday, December 29, 2020, 16:05 GMT+7 A Vietnam Airlines Aribus A321-200 plane prepares to land at Noi Bai international airport in Hanoi, Vietnam April 18, 2019. Photo: Reuters HANOI Flag carrier Vietnam Airlines said on Tuesday it would issue nearly $346 worth of shares for existing stakeholders to boost its recovery from the impacts of the coronavirus pandemic and return to profitability by 2023. The issuance will be completed by June next year after the carrier received approval from the authorities. All capital raised would pay off outstanding debts, its chairman Dang Ngoc Hoa said at a regular shareholder meeting. “We have suffered from the worst crisis ever in history due to restrictions of governments around the world to curb the spread of the virus,” Hoa added.

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