T&T Group becomes a strategic shareholder, holding 75% of charter capital of Vietravel Airlines

With the successful signing of the share transfer agreement for Vietravel Airlines, T&T SuperPort, T&T Airlines (a member of T&T Group ) and BVIM Fund have officially become strategic shareholders of Vietravel Airlines.

T&T Group becomes a strategic shareholder, holding 75% of the charter capital of Vietravel Airlines.

With the successful signing of the share transfer agreement for Vietravel Airlines, T&T SuperPort, T&T Airlines (a member of T&T Group), and BVIM Fund have officially become strategic shareholders of Vietravel Airlines.

Strategic shareholders demonstrate their determination to take Vietravel Airlines to new heights.

On December 12th, in Hanoi, T&T Airlines Joint Stock Company, T&T SuperPort International Logistics Center Company Limited, BVIM Fund Management Joint Stock Company, and Vietravel Group Joint Stock Company successfully signed a share transfer agreement for Vietravel Airlines.

Thus, the list of shareholders of Vietravel Airlines as of this time includes: Vietravel Group, Vietnam Transport and Tourism Marketing Joint Stock Company – Vietravel, T&T Airlines, T&T SuperPort, BVIM Fund and 2 individual shareholders, Mr. Tran Doan The Duy and Mr. Doan Hai Dang.

According to exclusive information obtained by baodautu.vn, T&T Group holds a 75% stake in Vietravel Airlines' charter capital. However, the value of the share transfer has not been disclosed by either T&T Group or Vietravel Airlines.

According to Mr. Nguyen Quoc Ky, Chairman of the Board of Directors of Vietravel Airlines, the participation of three strategic shareholders, T&T Airlines, T&T SuperPort, and BVIM Fund, will open up new opportunities for Vietravel Airlines to enhance its competitiveness, expand its flight network, and improve service quality.

This not only contributes to meeting the growing travel demands of passengers but also affirms the position of Vietravel Airlines – the first tourist airline in Vietnam – in the domestic and international aviation market.

“This share transfer is also an important step in realizing Vietravel Airlines’ investment and development plan. With the support of the new shareholders, we are confident in the bright and sustainable future of Vietravel Airlines in the coming time,” Mr. Nguyen Quoc Ky affirmed.

According to Mr. Do Quang Hien, Executive Chairman of T&T Group, becoming a strategic shareholder of Vietravel Airlines is a significant milestone for T&T Airlines, T&T SuperPort in particular, and T&T Group in general, in the new phase of the company's development.

This collaboration and investment not only provides Vietravel Airlines with strong resources and many new values ​​and opportunities to improve quality and competitiveness, but also promotes the development of the transportation, aviation, and tourism industries; creates momentum for economic growth; and makes a significant contribution to enhancing Vietnam's position and prestige on the international stage.

Vietravel Airlines will become a crucial link in the chain of infrastructure, logistics, and aviation projects that T&T Group has been and is currently implementing.

Together with Quang Ninh Port, Quang Tri Airport, Vietnam's SuperPort logistics "mega-port" in Vinh Phuc, Nam Phuc Tho Industrial Cluster, the aviation-logistics-service-commercial-airport city complex in Quang Tri, and now the crucial piece – Vietravel Airlines, T&T Group is contributing to promoting the development of multimodal transport and creating new breakthroughs for Vietnam's logistics industry.

T&T Group's integrated infrastructure, logistics, and aviation industry ecosystem will create momentum to attract large domestic and foreign investors and businesses to focus on production and business; helping businesses exploit their strengths and take advantage of the great benefits from logistics services, infrastructure, and logistics, while opening opportunities for businesses to participate in global and ASEAN regional supply chains and promoting the development of logistics services.

“With the spirit of ‘if we’re going to do it, we’re going to do it, and we’re going to lead,’ T&T Group is committed to dedicating significant effort, determination, and resources to making Vietravel Airlines a leader in the Vietnamese and regional aviation industry. Together with the T&T Group ecosystem, we will not only fly together but also expand ground services and aviation services, developing according to the models and strategies of leading global airlines; creating momentum to contribute to the country’s economic development in the new era – the era of national progress,” Mr. Do Quang Hien emphasized.

The project to establish Vietravel Airlines was approved by the Government in April 2020 with a total investment of VND 700 billion, with the main shareholder being Vietnam Transport and Tourism Marketing Joint Stock Company (holding 100% of the charter capital). By November 2024, Vietravel Airlines was officially approved to increase its charter capital to VND 1,300 billion.

After nearly four years of operation, Vietravel Airlines has successfully connected the two major centers of Hanoi and Ho Chi Minh City to domestic and international tourist cities such as Da Nang, Da Lat, Quy Nhon, Nha Trang, Phu Quoc, Hue, and Bangkok (Thailand).

Vietravel Airlines has also successfully collaborated with several tourist cities in the Asian region to promote bilateral tourism through charter flights connecting: Ho Chi Minh City/Da Nang – Kawaga/Fukushima (Japan), Phu Quoc – Taipei (Taiwan), Hanoi – Sanya (China), Nha Trang – Daegu/Muan (South Korea), marking a journey of efforts to expand its international flight network to major source markets for Vietnam…