VietJet Aviation Joint Stock Co., the Vietnamese carrier known for its
bikini-clad flight attendants, may hold its initial public offering as
early as the second quarter as it plans to build global routes and
become a top budget airline in Asia.
The IPO's exact timing will depend on market developments domestically
and globally,
Nguyen Thi Phuong Thao, chief executive officer of
Vietnam's only privately-owned airline, said in an interview on Friday February 26,2016
The company hasn't finalized how much it wants to raise and could offer
as much as a 30 percent stake, the regulatory limit for foreign
holdings, she said
VietJet, which featured dancing flight attendants clad in bikinis on an
inaugural route and bikini models on its airplanes for a desktop
calendar, carried 9.3 million passengers in 2015, an increase of 66
percent from 2014
Revenue soared 205 percent last year to 10.9 trillion
dong ($488 million) while net income rose to almost 1 trillion dong,
according to the company.
The airline expects revenue to double this
year and passenger capacity to reach 15 million this year
VietJet will probably surpass national carrier Vietnam Airlines as the
nation's biggest domestic carrier this year, according to CAPA Centre
for Aviation.
Vietnam is expected to rank among the world's 10
fastest-growing aviation markets in the next two decades, according to
the International Air Transport Association
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