Vietnam Airlines shareholders approve plan to increase charter capital and buy aircraft

Vietnam Airlines leaders vote at extraordinary shareholders' meeting - Photo: VNA

Presenting at the congress on the plan to offer additional shares to existing shareholders to increase charter capital, Mr. Le Hong Ha - General Director of Vietnam Airlines - said the total number of shares offered is 900 million shares, at a price of VND10,000/share. The total value of shares expected to be offered at par value is VND9,000 billion.

The above shares (code HVN) are expected to be offered to existing shareholders at the end of 2025. Shareholders owning these shares are allowed to transfer the right to purchase shares to domestic individuals and organizations (transfer only once). The proceeds from selling shares to increase capital will be used for Vietnam Airlines' production and business activities.

Presenting the project to invest in 50 narrow-body aircraft, Mr. Ta Manh Hung - member of the board of directors of Vietnam Airlines - informed that this project had been reported to the competent authority since 2017, but was temporarily suspended due to the impact of the COVID-19 pandemic.

Recently, the aircraft purchase project has been restarted under the restructuring plan of Vietnam Airlines. The implementation of the purchase of 50 narrow-body aircraft by 2032 is urgent in the plan to develop the airline's fleet to 200-230 aircraft (need to add 120 aircraft by 2035), of which 130-160 are narrow-body aircraft.

Mr. Hung said that Vietnam Airlines is currently reporting to the competent authority to implement the project from 2030-2032. Choosing to buy 100% new narrow-body Airbus A320 NEO or Boeing 737 MAX aircraft from the aircraft manufacturer will help the airline receive capital support from financial institutions and technical support from the manufacturer.

The total investment for 50 narrow-body aircraft and 10 spare engines is expected to be about 3.587 billion USD (equivalent to 92,379 billion VND).

If the project is implemented, Vietnam Airlines will receive 14 aircraft in 2030, 18 aircraft in 2031, and 18 aircraft in 2032.

In addition to approving the plan to issue shares and the decision to invest in a fleet of narrow-body aircraft, the Vietnam Airlines shareholders' meeting also approved the plan to select an auditing company for the 2025-2027 period, and the plan to perfect the board of directors' personnel.

It is known that increasing charter capital by VND9,000 billion in 2025 is the first step in Vietnam Airlines' plan to increase charter capital by VND22,000 billion. It is expected that in 2026, the airline will continue to increase charter capital by VND13,000 billion, to consolidate its financial foundation and enhance its competitiveness.

The increase in charter capital will help Vietnam Airlines improve its liquidity, improve the quality of its financial indicators and reduce its debt ratio. This will also create favorable conditions for the airline to access capital sources to develop its fleet, improve service quality and implement long-term strategies.

TUAN PHUNG

Source: https://tuoitre.vn/co-dong-vietnam-airlines-thong-qua-phuong-an-tang-von-dieu-le-va-mua-may-bay-20250515153231605.htm