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Vietnam Airlines gets USD173 million lifeline from banks
Banks have stepped in to help keep Vietnam Airlines in the air. They pledged to collectively lend the struggling carrier US$173.8 million, potentially avoiding bankruptcy.
Vietnam Maritime Commercial Joint Stock Bank, Saigon, Hanoi Commercial Joint Stock Bank and SeABank will underwrite loans.
A week ago local media cited Ministry of Planning and Investment comments that the airline was on the brink of filing for bankruptcy.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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