Vietjet raising funds with stake sale - TravelMole
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Vietjet raising funds with stake sale

Saturday, 29 Jun, 2021 0

Vietnamese low cost carrier Vietjet plans to sell off a 15% stake in the business to raise much needed funds. It will sell 81 million shares in a private placement but hasn’t disclosed the buyer. Based on current valuation it would bring in about US$400 million.

The airline will also issue international bonds worth about US$300 million on the Singapore Exchange this year. Vietjet is one of the very few airlines to post a quarterly profit in the first quarter of 2021 after a loss in 2020.

 

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