State ownership in Vietnam Airlines to reduce to 51%in 2019
The Ministry of Transport has asked the representative of State stake in Vietnam Airlines to draft plans to reduce State ownership to 51% of the national flag carrier’s charter capital in 2019.
The ministry said these plans should be based on the corporation’s business and development investment strategies as well as the stock market situation and capital demands.
The plans must contain implementation methods and progress, and assessments of interests of the State and the enterprise.
Earlier, in late November 2017, the representative of State-owned capital at Vietnam Airlines submitted a State capital divestment plan for 2017-2020 to the transport ministry .
Vietnam Airlines has charter capital of nearly VND12.28 trillion, of which the State holds 1.057 billion shares, equivalent to 86% of the charter capital. Of the remaining shareholders, ANA Holdings Inc, Japan’s largest aviation group, holds 107 million shares, nearly 8.8% of charter capital.
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| Vietnam Airlines aircraft |
Earlier, in late November 2017, the representative of State-owned capital at Vietnam Airlines submitted a State capital divestment plan for 2017-2020 to the transport ministry .
Vietnam Airlines has charter capital of nearly VND12.28 trillion, of which the State holds 1.057 billion shares, equivalent to 86% of the charter capital. Of the remaining shareholders, ANA Holdings Inc, Japan’s largest aviation group, holds 107 million shares, nearly 8.8% of charter capital.
