Vietjet plans for stock listing

VietjetVietnam’s low-cost airline Vietjet said it is considering an initial public offering (IPO) “in 18 to 24 months”  to fund expansion after becoming profitable in 2013.

The carrier, which has 20 per cent of the domestic market after starting operations in December 2011, began flying abroad in February 2013 and will expand on both the local market and overseas

The listing could take place on a stock exchange outside its home country, probably in Singapore or Hong Kong, the airline said,

Vietjet, the only private airline in Vietnam, competes mainly with Jetstar Pacific Airlines, a unit of state-owned Vietnam Airlines.

In 2013 so far, VietJet carried about 1.9 million passengers. The total number of air travelers in Vietnam in the first 8 months of the year was about 11.3 million, according to the General Statistics Office in Hanoi.

The airline started flying between Bangkok and Ho Chi Minh City in February, and in June began flights between Bangkok and Hanoi. To support expansion, the carrier expects to take delivery of two additional planes by October 2013 and increased its Airbus leasing fleet.

VietJet said it may forge alliances to expand overseas in markets including China, South Korea, Indonesia, Japan and Taiwan. The airline also plans to begin flights to Seoul from Hanoi in the 4th quarter of 2013.



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Vietnam's low-cost airline Vietjet said it is considering an initial public offering (IPO) "in 18 to 24 months"  to fund expansion after becoming profitable in 2013. The carrier, which has 20 per cent of the domestic market after starting operations in December 2011, began flying abroad in February 2013 and will expand on both the local market and overseas The listing could take place on a stock exchange outside its home country, probably in Singapore or Hong Kong, the airline said, Vietjet, the only private airline in Vietnam, competes mainly with Jetstar Pacific Airlines, a unit of state-owned Vietnam Airlines....

VietjetVietnam’s low-cost airline Vietjet said it is considering an initial public offering (IPO) “in 18 to 24 months”  to fund expansion after becoming profitable in 2013.

The carrier, which has 20 per cent of the domestic market after starting operations in December 2011, began flying abroad in February 2013 and will expand on both the local market and overseas

The listing could take place on a stock exchange outside its home country, probably in Singapore or Hong Kong, the airline said,

Vietjet, the only private airline in Vietnam, competes mainly with Jetstar Pacific Airlines, a unit of state-owned Vietnam Airlines.

In 2013 so far, VietJet carried about 1.9 million passengers. The total number of air travelers in Vietnam in the first 8 months of the year was about 11.3 million, according to the General Statistics Office in Hanoi.

The airline started flying between Bangkok and Ho Chi Minh City in February, and in June began flights between Bangkok and Hanoi. To support expansion, the carrier expects to take delivery of two additional planes by October 2013 and increased its Airbus leasing fleet.

VietJet said it may forge alliances to expand overseas in markets including China, South Korea, Indonesia, Japan and Taiwan. The airline also plans to begin flights to Seoul from Hanoi in the 4th quarter of 2013.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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