Report by : Gan Yung Chyan
/ KUCINTA SETIA
Distributed to All Press & Travel Professionals
Vietnam Airlines as a joint-stock company has taken a step forward towards partial privatization by signing a Memorandum of Understanding (MoU) on strategic cooperation with All Nippon Airways (ANA) Group.
According to the MoU, ANA Group after withdrawing its 49 percent stake from Asian Wings Airways in Myanmar in 2014 will purchase an 8.8 percent stake in Vietnam Airlines for 2.43 trillion VND (equivalent to 108 million USD). This MoU lays a foundation for Vietnam Airlines and ANA to proceed to the signing of the Stock Purchase Agreement expected to take place during the first quarter of 2016, subject to the Vietnam Government's approval.
This strategic relationship will help Vietnam Airlines and ANA take advantage of each other’s strengths and expand their networks and international markets. The two parties have also committed to sharing each other’s services in Vietnam and Japan.
On becoming Vietnam Airlines’ strategic shareholder, ANA will share and impart their management experience as a world-leading airline to Vietnam Airlines.
ANA is the largest Japanese airline in terms of revenues and passenger numbers while Vietnam Airlines now operates 95 routes to 21 domestic and 29 international destinations with a fleet of 87 jets including Boeing B787 Dreamliners, B777s, Airbus A350-900XWBs, A330s and A321s.
/ KUCINTA SETIA
Distributed to All Press & Travel Professionals
Vietnam Airlines as a joint-stock company has taken a step forward towards partial privatization by signing a Memorandum of Understanding (MoU) on strategic cooperation with All Nippon Airways (ANA) Group.
According to the MoU, ANA Group after withdrawing its 49 percent stake from Asian Wings Airways in Myanmar in 2014 will purchase an 8.8 percent stake in Vietnam Airlines for 2.43 trillion VND (equivalent to 108 million USD). This MoU lays a foundation for Vietnam Airlines and ANA to proceed to the signing of the Stock Purchase Agreement expected to take place during the first quarter of 2016, subject to the Vietnam Government's approval.
This strategic relationship will help Vietnam Airlines and ANA take advantage of each other’s strengths and expand their networks and international markets. The two parties have also committed to sharing each other’s services in Vietnam and Japan.
On becoming Vietnam Airlines’ strategic shareholder, ANA will share and impart their management experience as a world-leading airline to Vietnam Airlines.
ANA is the largest Japanese airline in terms of revenues and passenger numbers while Vietnam Airlines now operates 95 routes to 21 domestic and 29 international destinations with a fleet of 87 jets including Boeing B787 Dreamliners, B777s, Airbus A350-900XWBs, A330s and A321s.
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