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

AIRBUS SE

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Vietnam start-up Bamboo Airways to launch first commercial flight January 16

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01/11/2019 | 10:10pm EDT
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 -1.57% 116.64 Real-time Quote.41.21%
BOEING COMPANY (THE) -0.92% 372.7 Delayed Quote.15.57%
FLC GROUP JOINT STOCK CO End-of-day quote.
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Financials (€)
Sales 2019 70 114 M
EBIT 2019 6 621 M
Net income 2019 4 244 M
Finance 2019 11 261 M
Yield 2019 1,77%
P/E ratio 2019 21,13
P/E ratio 2020 16,50
EV / Sales 2019 1,15x
EV / Sales 2020 1,04x
Capitalization 92 046 M
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 128 €
Spread / Average Target 7,9%
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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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