Vietnam Airways has confirmed it would situation practically US$346 million in new shares to current stakeholders.
The transfer comes because the flag-carrier seeks to speed up its restoration from the impression of the Covid-19 pandemic and return to profitability by 2023.
The issuance might be accomplished by June subsequent 12 months.
Vietnam Airways – thought of the World’s Leading Cultural Airline by voters on the World Travel Awards – obtained approval for the problem from the authorities earlier.
All capital raised might be used to repay excellent money owed, its chairman Dang Ngoc Hoa stated at a daily shareholder assembly.
As a result of Covid-19 pandemic, the provider anticipated to make losses of round US$625 million this 12 months.
