Vietnam Airlines to sell 11 aircraft
The national flag carrier Vietnam Airlines has announced the plan to sell 11 A321ceo aircraft made in 2004, 2007 and 2008.
Due to the unprecedented negative impacts of Covid-19, Vietnam Airlines had to call for financial support from its shareholders. Vietnam Airlines also plan to sell VND8trn (USD345m) worth of shares to existing shareholders to boost capital and pay off debts.
It is estimated that a total of 26 aircraft could be included in the sale and leaseback plan for the 2021-2025 period. The airline is considering divesting from several high-performing enterprises in the air transport service supply chain.
In the financial report for the first quarter, Vietnam Airlines earned VND7.4trn (USD319m), a drop of 60% compared to the same period in 2020. It incurred losses of VND4.9trn from various businesses activities.
Vietnam Airlines to sell 11 aircraft
Due to the unprecedented negative impacts of Covid-19, Vietnam Airlines had to call for financial support from its shareholders. Vietnam Airlines also plan to sell VND8trn (USD345m) worth of shares to existing shareholders to boost capital and pay off debts.
It is estimated that a total of 26 aircraft could be included in the sale and leaseback plan for the 2021-2025 period. The airline is considering divesting from several high-performing enterprises in the air transport service supply chain.
In the financial report for the first quarter, Vietnam Airlines earned VND7.4trn (USD319m), a drop of 60% compared to the same period in 2020. It incurred losses of VND4.9trn from various businesses activities.
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