HANOI, June 3 (Reuters) – Vietnam Airways HVN.HM plans to promote 11 Airbus AIR.PA A321 plane by means of an public sale, because the Southeast Asian nation’s flag service struggles with the financial fallout of the coronavirus pandemic.
The airline, which is 86% owned by the federal government, mentioned in an announcement posted on its web site this week that patrons may submit bids by June 29.
The public sale of the jets, made between 2004 and 2008, is a part of the airline’s efforts to rejuvenate its fleet and shore up its monetary place in the course of the pandemic, state media cited an unnamed Vietnam Airways supply as saying on Thursday.
The airline didn’t instantly reply to a request for remark.
The airline reported a web lack of 4.97 trillion dong ($215.68 million) within the first quarter of this 12 months, almost double the two.61 trillion dong loss within the first quarter of 2020.
Vietnam’s Bamboo Airways, owned by property and leisure firm FLC Group FLC.HM, is desirous about buying the most recent of the planes supplied within the public sale, its chief government officer Dang Tat Thang instructed Reuters.
“We’re working at full capability for the time being and looking for to increase our fleet,” Thang mentioned by phone.
($1 = 23,043 dong)
(Reporting by Khanh Vu Modifying by Ed Davies)
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