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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Airbus SE    AIR   NL0000235190

AIRBUS SE (AIR)
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Vietnam start-up Bamboo Airways to launch first commercial flight January 16

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01/11/2019 | 09:10pm EST
FILE PHOTO: Vietnam's Bamboo Airways Chairman Trinh Van Quyet is seen at his office in Hanoi

HANOI (Reuters) - Vietnam's start-up Bamboo Airways will launch its first commercial flight on Wednesday, the company said.

The airline, a unit of the property and leisure firm FLC Group will start selling tickets from Saturday, it said in a statement on Saturday.

The first flights will connect Vietnam's major cities and tourist destinations.

The company secured an Air Operator Certificate from the Civil Aviation Administration of Vietnam earlier this week, allowing it to start services after having postponed its launch date twice.

In 2019, Bamboo Airways will also launch international air flights to Asian countries, starting with Japan, Korea and Singapore.

Vietnam's fifth airline signed a provisional deal in July to buy 20 Boeing 787-9 wide-body jets worth $5.6 billion at list prices, and a memorandum of understanding in March with Airbus for up to 24 A320neo narrow-bodied aircraft.

Vietnam, one of Asia's fastest growing economies, has recorded double-digit expansion in domestic and inbound passenger numbers. The government aims to spur tourism with visa exemptions and by promoting investment in the industry.

(Reporting by Khanh Vu; Editing by Kim Coghill)

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 0.90% 94.5 Real-time Quote.11.55%
BOEING COMPANY (THE) 1.57% 364.73 Delayed Quote.13.09%
FLC GROUP JOINT STOCK CO --End-of-day quote.
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Financials (€)
Sales 2018 63 078 M
EBIT 2018 4 956 M
Net income 2018 3 293 M
Finance 2018 10 994 M
Yield 2018 1,88%
P/E ratio 2018 21,92
P/E ratio 2019 17,61
EV / Sales 2018 0,98x
EV / Sales 2019 0,87x
Capitalization 72 715 M
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Number of Analysts 24
Average target price 120 €
Spread / Average Target 28%
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Managers
NameTitle
Thomas Enders Chief Executive Officer & Executive Director
Denis Ranque Non-Executive Chairman
Harald Wilhelm Chief Financial Officer
Luc Hennekens Chief Information Officer
Grazia Vittadini Chief Technology Officer
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