The total number of
shares that foreign shareholders are holding at Vietjet Air accounting for more
than 24% of charter capital.
Recently, Vietnam’s
Deputy Minister of Transport has signed a written approval for Vietjet’s 5
shareholders to transfer 66,506,870 shares, equivalent to 22.169% of the
charter capital of 3,000 billion VND to 23 foreign investors.
Earlier, in December
2016, the Ministry of Transport has also agreed for 1 Vietjet’s shareholder to
transfer 6.566 million shares, equivalent to 2.626% of charter capital for 3
foreign investors, who are: Wareham Group Limited (British Virgin Island), Dragon
Capital Markets Limited (Cayman Island) and DC Developing Markets Strategies
Public Company (Ireland). The amount of transferred money was not revealed, but
ranged from 65 billion VND to 788 billion VND. The transfer has been completed
and aproved by the Department of Planning and Investment of Hanoi on December
22nd 2016.
In total, the transfer
of shares to foreign investors has
reached 24.358% of charter capital.
According to Vietnam
Civil Aviation Administration, the transfer of shares to foreign investors of
Vietjet is valid. The transfer does not increase the charter capital of
Vietjet, foreign investors do not participate in the executive apparatus,
management operations and administration works of Vietjet and therefore it does
not alter the business plan and
development strategy of Vietjet.
Relating to the transfer
of shares to foreign investors, according to Decree 92, the foreign parties
cannot occupy more than 30% of charter capital and foreign members shall not
exceed 1/3 of the total number of members participating in the executive
apparatus.
Vietjet Air is the first
airline in Vietnam operating under the model of the new generation airline,
with low cost and provides a variety of services for customers to select.
Vietjet is an official member of the International Air Transport Association
(IATA) with IOSA safety operation certificate. Besides the position of “Top 500
Leading Brands in Asia in 2016”, Vietjet is voted as “Best Asian Low Cost
Carrier” in 2015 by the TTG Travel Awards and Top 3 airlines that have fastest
growth facebook fanpage in the world, evaluated by SocialBakers.
Currently, Vietjet is
operating 42 A320 and A321 aircrafts, performed about 350 flights a day and has
transported nearly 35 million passengers, with 60 routes covering destinations
in Vietnam and international routes to Hong Kong, Singapore, Korea, Taiwan,
China, Thailand, Myanmar, Malaysia, Cambodia…
Vietjet has planned to
develop extensive flight network throughout Asia – Pacific region. Moreover,
they are studying for further expansion of routes in the region and has signed
procurement contracts to purchase new generation aircrafts.
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