What does Bamboo Airways say about the information that 'Mr. Duong Cong Minh has completed the takeover of the airline'?

This is the first official response from Bamboo Airways after rumors about the airline's new owner following a series of incidents involving its founder in 2022.

Bamboo Airways nói gì về thông tin 'ông Dương Công Minh thâu tóm xong hãng'? - Ảnh 1. — Bamboo Airways Annual General Meeting of Shareholders took place this morning, June 21.

According to Mr. Le Ba Nguyen, the Covid-19 period in 2021 - 2022, difficulties greatly affected the economy . In particular, FLC Group and Bamboo had incidents, greatly affecting Bamboo Airways.

“Luckily and promptly, a new investment group advised by Mr. Duong Cong Minh came to support FLC and Bamboo. At that time, there were many difficulties such as suppliers and lessors of aircrafts were aggressively collecting debts, creating pressure, and business activities were at risk of bankruptcy," said Mr. Nguyen, and informed that the investment group, represented by Mr. Le Thai Sam, lent Bamboo Airways nearly VND 8,000 billion. This is a very large number, this resource has helped Bamboo stand firm and continue to develop.

Former Deputy General Director of Sacombank joins the board of directors of Bamboo Airways

Regarding the shares of Mr. Trinh Van Quyet (founder of Bamboo Airways - PV), Mr. Nguyen said that the transfer of Mr. Quyet's shares to this group of investors was permitted by the competent authority, in compliance with the procedures and regulations of the law and under the close supervision of the Ministry of Public Security .

"Up to now, Bamboo Airways has maintained its operations but still faces many difficulties that require sharing and support from shareholders, authorities, and the press. Information must be accurate to avoid being taken advantage of by bad guys to distort and cause internal disunity, public confusion, and affect the honor and reputation of new investors," Mr. Nguyen shared.

Mr. Le Ba Nguyen is currently Chairman of the Board of Directors of FLC Group and also the brother-in-law of Mr. Trinh Van Quyet.

Last week, all 5 members of the Board of Directors of Bamboo Airways for the 2019-2024 term resigned, including Mr. Nguyen Ngoc Trong, Doan Huu Doan, Le Ba Nguyen, Le Thai Sam and Nguyen Manh Quan.

The General Meeting of Shareholders on the morning of June 21 also voted to officially dismiss the above 5 members and elect members of the company's Board of Directors for the 2023-2028 term.

Previously, on May 9, Bamboo Airways' extraordinary shareholders' meeting also approved the plan to issue individual shares to increase charter capital to VND30,000 billion at an almost absolute rate.

The Resolution of the Board of Directors of FLC Group also approved the full and irrevocable authorization in all cases of FLC Group's shareholder rights at the Bamboo Airways General Meeting of Shareholders to Mr. Le Thai Sam, corresponding to all shares owned by FLC Group at Bamboo Airways.

This authorization also means that FLC Group is completely divesting from Bamboo Airways, turning these two businesses into two independent legal entities.

Including the FLC portion that has just been transferred, after completing the procedures, Mr. Sam can hold more than 34% of Bamboo Airways' capital. Combined with the number of shares after completing the debt swap procedure approved at the Bamboo Airways shareholders' meeting, Mr. Le Thai Sam's ownership ratio at Bamboo Airways after increasing capital to VND 26,220 billion will reach 53.59%.

Quick view 8pm: Panoramic news on June 21

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