FLC Joint Stock : Vietnam Government approves establishment of Bamboo Airways

On July 09, 2018, on behalf of the Prime Minister, Deputy Prime Minister Trinh Dinh Dung signed a decision to approve the establishment of Bamboo Airways, upon the proposal of the Ministry of Planning and Investment and the consensus of relevant ministries.

According to the Ministry of Planning and Investment, Bamboo Airways has completed all necessary legal procedures for the establishment. In addition, other Government agencies, namely the Ministry of Transport, Ministry of Finance, Ministry of Defense, Ministry of Public Security, Ministry of Construction, Ministry of Natural Resources and Environment have confirmed to receive full documents and agreed on the establishment plan of Bamboo Airways.

FLC Group's Chairman Trinh Van Quyet (left) and Airbus Executive Vice President, Chief of Sales & Marketing, Eric Schulz (right) signed an agreement to purchase 24 A321NEO aircraft for Bamboo Airways, under the witness of General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and the President of France's National Assembly François de Rugy in March 2018.

Previously, FLC Group and Bamboo Airways have signed an agreement to purchase 24 A321 NEOs aircraft with Airbus SE in France in March 2018, under the witness of Mr. Nguyen Phu Trong, the Party General Secretary of Vietnam, and another deal to purchase 20 Boeing B787-9 Dreamliners from the Boeing Company in the U.S. in June 2018, under the presence of Mr. Vuong Dinh Hue, the Deputy Prime Minister of Vietnam. These steps are part of FLC Group's efforts to start its first flights later this year.

According to Mr. Dang Tat Thang, Chief Executive Officer of Bamboo Airways, Bamboo Airways is positioned as a 'hybrid' airline, combining the traditional and low - cost models, with the target of offering services that satisfy different demands in every passenger segment.

Along with providing a full range of services as a traditional airline, at reasonable prices, Bamboo Airways also distinguishes itself from other existing Vietnamese airlines by offering five-star services for all of its flights. The airline plans to launch direct flights to the U.S. and Europe very soon.

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