Bamboo Airways is seeking additional capital of around 1.69 trillion VND (66.8 million USD) in the final months of 2024 to ensure its operational requirements, while also announcing the clearance of aircraft leasing debts.

Deputy Prime Minister Le Minh Khai has requested six ministries and agencies to act within their jurisdiction to urgently handle proposals by Bamboo Airways to help save the air carrier.

Bamboo Airways has announced plans to halt many international air routes, as they focus on more popular flights in the run-up to New Year and the Lunar New Year 2024.

Vietnam is seen as a potential aviation market with increasingly high travel demand. However, Vietnam Airlines has reported an accumulated loss of VND34 trillion. In the past, many airlines had to leave the market, and some of them never launched.

Bamboo Airways does not file for bankruptcy, confirmed Phan Dinh Tue, member of the Board of Directors of the budget airline, refuting rumours surfacing social media that the carrier has filed for bankruptcy.

Bamboo Airways has announced changes to its Board of Directors (BOD) and Executive Board as the CEO and the BOD chairman have stepped down just over a month after assuming their positions.

The new Board of Directors of Bamboo Airways elected Hideki Oshima, former executive officer at Japan Airlines, as its new chairman following the firm’s annual general meeting of shareholders 2023 in Hanoi on June 21.

Bamboo Airways, the second private air carrier in Vietnam, has reported a net loss of VND17.6 trillion for 2022. Its stockholder equity has fallen to minus (-) VND835 billion.

Bamboo Airways has released documents in preparation for the upcoming general meeting of shareholders, confirming that all the five board members of the airline have tendered their resignation.

Bamboo Airways, the second private airline of Vietnam, has appointed a new CEO nine months after the CEO took office. It reportedly is going to recruit two senior executives from a large Japanese airline.

Bamboo Airways' charter capital has risen to VND30 trillion, while Le Thai Sam is likely to become the biggest shareholder to control the private air carrier.

Bamboo Airways is planning to raise its charter capital to 30 trillion VND (nearly 1.3 billion USD) to restructure its debts and increase capital for its core and support business activities.

The National Citizen Joint Stock Commercial Bank (NVB) plans to sell 203 million shares of Bamboo Airways, equivalent to 11 per cent of the airline's current capital.

Bamboo Airways on Thursday successfully conducted a technical flight from Hanoi's Noi Bai Airport to Ca Mau Airport, the last step to prepare for their official launch of the Hanoi-Ca Mau flight route which is scheduled for April 29.

Bamboo Airways has revealed plans to raise nearly VND10 trillion (US$424.1 million) by issuing 996.2 million shares.

Bamboo Airways is planning to increase its charter capital by nearly VND10 trillion through a new share issue to restructure its debt and fund its business operations.

Bamboo Airways has found a new investor and will continue its restructuring and finish the investor conversion process this year.

Vietnamese conglomerate FLC Group plans to sell its stake in local carrier Bamboo Airways as part of its business restructuring plan, said FLC board chairman Le Ba Nguyen at an extraordinary general meeting last weekend.

FLC’s finance report showed that as of December 31, 2021, FLC’s short-term loans and finance leasing value had reached 2 trillion, while long-term loans and finance leasing value was VND4.1 trillion.