Leaders of the Civil Aviation Authority expressed their views on handling airlines' debts to ACV
Vietnam Airports Corporation - ACV and domestic airlines are recommended to continue to proactively and actively negotiate and reach agreements to agree on a plan to handle prolonged debts.
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| As of December 31, 12, Vietnam Airports Corporation - Joint Stock Company (ACV) had to set aside provisions for short-term bad receivables from domestic airlines amounting to VND 2023 billion. |
The Vietnam Aviation Administration has just announced the conclusion of Deputy Director Do Hong Cam at the meeting in mid-March 3 to handle ACV's recommendations on the debt situation and debt repayment of Vietnamese airlines.
This meeting was attended by creditor representative ACV and airlines including: Vietnam Airlines, Vietjet, Bamboo Airways, Pacific Airlines and Vietravel Airlines.
According to Mr. Do Hong Cam, the aviation industry's activities in recent times have shown signs of improvement, however, difficulties and problems are still challenges to the recovery of the entire industry. The Civil Aviation Authority of Vietnam highly appreciates and recommends that businesses in the industry continue to make more efforts, proactively coordinate and support each other, for the purpose of maintaining and developing operations.
Regarding debts between ACV and Vietnamese airlines, leaders of the Vietnam Aviation Administration said that this is an issue governed by contract terms and legal regulations on commerce and civil matters. current.
In the context of the difficult financial situation, the Civil Aviation Authority of Vietnam recognizes the efforts of Vietnamese airlines in arranging to pay off debt and finding financial sources to pay ACV during the period. through, thereby reducing the accumulated debt of Vietnamese airlines to ACV.
To resolve disagreements and handle outstanding debt payment obligations, the Vietnam Aviation Administration requests that ACV and Vietnamese airlines continue to proactively and actively negotiate and reach an agreement. Handling plan based on sharing risks and benefits, ensuring harmony in the rights and obligations of relevant parties; In particular, the parties are encouraged to implement plans to freeze debts, extend the repayment schedule of old debts and not create new overdue debts, and at the same time prioritize payment of ACV amounts collected on behalf of the State, ensuring compliance with regulations. legal regulations.
Leaders of the Civil Aviation Authority of Vietnam requested ACV to consider implementing recommendations related to airline operations in the spirit of goodwill and cooperation between businesses; accompany, share benefits as well as risks; with the same vision and goals to overcome difficulties to survive and develop.
In addition, Mr. Do Hong Cam assigned the relevant functional departments of the Civil Aviation Authority of Vietnam to continue to be proactive and handle according to their authority, and at the same time research and propose policy mechanisms and report to the Ministry of Transport. , The Government considers and promulgates appropriate policies to remove difficulties and obstacles to support and create conditions for the operations of businesses in the aviation industry.
Previously, at the end of February 2, ACV sent a document to state management agencies reporting on a number of tasks that need to be implemented to recover debts of domestic airlines that are in violation. payment obligations to ACV.
ACV leaders said that in 2023, although debt collection has been stepped up, the debt collection results and debt repayment plans of airlines still do not meet the requirements and demands of suppliers. The service must apply more drastic measures to implement sanctions against airlines that violate contracts.
ACV has developed a lawsuit process to provide services to airlines that violate payment obligations, including 10 steps, of which the final step is to send a lawsuit to the competent people's court.
ACV also developed 5 criteria to initiate lawsuits and stop providing services to violating airlines to seek opinions from competent management agencies, including: no debt repayment plan for ACV; Failure to comply with the committed debt repayment plan; business results without loss but debt not paid; New debt will arise in 2023; has a larger debt balance than other airlines.
It is known that the aviation services that ACV is providing to airlines include: takeoff and landing services; customer service; security screening of passengers and luggage; cargo security screening; Passenger check-in counter for rent...
By the end of 2023, ACV had to make a provision for short-term bad receivables of nearly VND 3.600 billion from domestic airlines, accounting for 40% of customer receivables. In particular, the majority of debt from airlines arose during the Covid-19 epidemic.
