Vietnam Airlines will definitely go ahead with its initial public offering (IPO), but the timing of the flotation has yet to be decided, an airline spokesperson was reported saying this week. Le Hoang Dung told AFP that the government had agreed to the state-owned carrier’s IPO, but that it was “not certain (to be) this year”. No details have been revealed as to the number of shares that may be offered in the IPO.
Meanwhile, Vietnam Airlines has asked the government to raise the cap on domestic airfares. Thanhn Nien News reported the Civil Aviation Administration of Vietnam (CAAV) as saying that the proposal will be considered by the country’s Finance and Transport Ministries. The current cap ranges from VND682,000 (US$33) for flights less than 300km to VND1.81 million for services longer than 850km.