Bamboo Airways to raise charter capital by 1.3bn

Bamboo Airways is planning to raise its charter capital to nearly 1.3 billion to restructure its debts and increase capital for its core and support business activities. In the shareholder’s meeting held on may 9, the airline held a vote on the authorisation of its Board of Directors to carry out necessary procedures for the private stock offering. It plans to offer 1.15 billion shares at 10,000 VND each in the private placement in order to increase the charter capital to 30 trillion VND. Nguyen Ngoc Trong, Chairman, Board of Directors, Bamboo Airways said: “Bamboo Airways is strongly promoting restructuring