What is T&T Group 'calculating' when buying Vietravel Airlines shares?

Việt NamViệt Nam12/12/2024


T&T Group mua cổ phần Vietravel Airlines với tham vọng dẫn đầu hàng không khu vực - Ảnh 1.

The handshake between T&T Group and Vietravel Group aims to make Vietravel Airlines the leading airline in the region – Photo: MH

T&T Air Transport and Trading Joint Stock Company (T&T Airlines), T&T Super Port and International Logistics Center Company Limited (T&T SuperPort), BVIM Fund Management Joint Stock Company and Vietravel Group Joint Stock Company have just successfully signed a contract to transfer shares of Vietravel Airlines.

Thus, up to this point, the list of shareholders of Vietravel Airlines includes: Vietravel Group, Vietnam Tourism and Transport Marketing Joint Stock Company - Vietravel, T&T Airlines, T&T SuperPort, BVIM Fund and 2 individual shareholders, Mr. Tran Doan The Duy and Mr. Doan Hai Dang.

Speaking at the event, Mr. Nguyen Quoc Ky - Chairman of the Board of Directors of Vietravel Airlines - said that the participation of 3 strategic shareholders: T&T Airlines, T&T SuperPort and BVIM Fund will open up new opportunities for Vietravel Airlines to enhance competitiveness, expand its flight network and improve service quality.

Meanwhile, Mr. Do Quang Hien, Executive Chairman of T&T Group, said that becoming a strategic shareholder of Vietravel Airlines is an important milestone for T&T Airlines, T&T SuperPort in particular and T&T Group in general in the new development stage. Vietravel Airlines will become an important link in the chain of infrastructure - logistics - aviation projects that have been and are being implemented by T&T Group.

“T&T Group is committed to devoting a lot of enthusiasm, determination and resources to making Vietravel Airlines the leader in the aviation industry in Vietnam and the region,” Mr. Hien emphasized.

Previously, Vietravel Airlines was approved by the Government to be established with a total investment capital of about 700 billion VND in April 2020, with the main shareholder being Vietnam Tourism and Transport Marketing Joint Stock Company holding 100% of the charter capital.

By November 2024, Vietravel Airlines was officially approved to increase its charter capital to VND 1,300 billion.

After nearly 4 years of operation, Vietravel Airlines has connected two major centers, Hanoi and Ho Chi Minh City, to domestic and international tourist cities such as: Da Nang, Da Lat, Quy Nhon, Nha Trang, Phu Quoc, Hue and Bangkok.

Vietravel Airlines also cooperates with a number of tourist cities in the Asian region to promote bilateral tourism, through the implementation of charter flights.

Source: https://tuoitre.vn/tt-group-toan-tinh-gi-khi-mua-co-phan-hang-khong-vietravel-airlines-20241212194640686.htm


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