Vietnam Air seeks 'strategic investor'
- Published: 4 Sep 2013 at 13.35
- Online news:
Vietnam Airlines Corp, the national carrier, plans to select a strategic investor as early as the fourth quarter as it prepares for an initial public offering next year.
The national carrier considers the equitisation as a key mission in 2013 and is moving the process as fast as possible, it said in an emailed statement on Tuesday in response to Bloomberg questions. A corporate evaluation report is expected to be completed this month to submit to authorities for approval, the Hanoi-based airline said in the statement.
The plan has been revived as VietJet Aviation Joint Stock Co, the country's only privately owned carrier, said last week its considering an IPO to fund expansion. The government has been trying to conduct an IPO of state-owned Vietnam Airlines since at least 2010 amid intensifying domestic competition. The company expects to hold the share sale in the second half of next year, after a planned offering in 2012 was delayed twice.
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