Airlines raise 2,000 billion from bonds

Vietjet Aviation Joint Stock Company (HoSE: VJC) has just announced information about its plan to offer 20,000 bonds to cover fuel costs, aircraft deposit payments, etc.

People board Vietjet plane - Photo: HONG PHUC

With the face value of each bond being 100 million VND, Vietjet The total issuance value from this round will be 2,000 billion VND.

The above bonds are offered in one batch, with a term of 60 months from the date of issue.

Expected release date: Q4-2024 to Q1-2025.

Vietjet All proceeds from the offering will be used to pay for operating expenses such as fuel, port costs, flight operations, insurance engineering, aircraft deposit payments, etc.

Low-cost airline Vietjet carried 19.6 million passengers on 104,000 flights in the first nine months of this year.

According to estimates, Vietjet is occupying the largest market share in Vietnam, with 43% of domestic transport market share and 56% of air transport market share. international guests

In terms of business results, the company's net revenue in the third quarter of 2024 reached more than VND 18,100 billion. This is the second highest quarterly revenue since 2019.

Revenue grew positively thanks to the increased demand for domestic and international transportation and tourism , while the airline expanded its flight routes and diversified its ancillary products and services.

Of which, passenger transport revenue contributed about 86% of Vietjet's total revenue in the past nine months.

According to the assessment report of An Binh Securities Joint Stock Company, Vietjet's business prospects in the 2024-2025 period will be positive.

This comes from factors such as the aviation industry continuing to recover with the main driving force from international customers and plans to expand international routes, increasing revenue.

Source: https://baoquangninh.vn/hang-hang-khong-huy-dong-2-000-ti-tu-trai-phieu-3336696.html