Vietravel Airlines plans six times raise in charter capital

Vietravel Airlines is planning to increase its charter capital by six times its current size to $323 million by 2025 to enable it to acquire new aircraft, Nguyễn Quốc Kỳ Chairman of Vietravel Holdings said while speaking to VnExpress: “We foresee raising the charter capital to $348 million by 2030. By that time, if business is favourable, $93 million in accumulated profits could be used to inflate the capital still further.” “Investing in fleet expansion is important for a new airline to survive and grow,” Kỳ told VnExpress. “Only with a large fleet can we make profits.” “The airline is