Bamboo Airways to raise charter capital through share issuance

Bamboo Airways is planning to increase its charter capital through share issuance by 54% or nearly $425.44 million to fund its operations and pay off debts. The announcement will be made at the Extraordinary General Meeting of Shareholders on April 10, 2023 and it would raise the airline’s charter capital from current VND18.5 trillion to VND28.5 trillion. The proposed share issuance is slated to take place this year, and there will be no restrictions on the transfer of the newly issued shares. The airline will offer 35 new shares for every 100 held. The airline claims to have found a