Jump to content

Vietnam Airlines overdue debts surpass $578 mln


Recommended Posts

Posted

1-1627030936-4580-1627031151_680x408.jpg

A Vietnam Airlines aircraft is seen at Tan Son Nhat International Airport in Ho Chi Minh City in January 2021. Photo by VnExpress/Quynh Tran.

 

Vietnam Airlines had posted overdue debts of more than VND13.3 trillion (nearly $578.3 million), including nearly VND7.1 trillion for aircraft rentals, as of late June.

 

The national flag carrier’s management board has approved a plan on issuing 800 million shares with a price of VND10,000 each to existing shareholders. After getting approval from State Securities Commission, the carrier would issue the shares this year.

 

After the share issuance, Vietnam Airlines will raise VND8 trillion to pay due debts of VND2.05 trillion to credit institutions, and due and overdue debts of VND3.95 trillion to its partners and suppliers, increase working capital to maintain production and business amid the Covid-19 outbreak, and repay bank loans totaling VND2 trillion due in 2022.

 

Full Story: https://e.vnexpress.net/news/business/companies/vietnam-airlines-overdue-debts-surpass-578-mln-4329464.html

 

vne_international.jpg
-- © Copyright VN Express 2021-07-23

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...