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Bamboo Airways
Bamboo Airways JSC (Vietnamese: CTCP Hàng không Tre Việt, lit. 'Viet Bamboo Aviation JSC') is a Vietnamese airline founded in 2017. Commencing operations in January 2019, this carrier declared that it would be following the "hybrid airline" model. Bamboo Airways operates a fleet of the narrowbody A320 Family aircraft, having hubs at Noi Bai International Airport and Tan Son Nhat International Airport alongside its registered base, Phu Cat Airport.
The airline was founded in 2017. In March 2018, a memorandum of understanding with Airbus for up to 24 Airbus A321neos in a deal worth up to US$3.1 billion was signed; the event was witnessed by the General Secretary Nguyễn Phú Trọng and the French Parliamentary President François de Rugy. On 25 June 2018, with the presence of Deputy Prime Minister Vương Đình Huệ, the FLC Group officially signed an agreement with Boeing for an order of 20 new Boeing 787-9 Dreamliner aircraft worth $5.6 billion.
In March 2019, Bamboo Airways completed an agreement to buy 26 more Airbus A321neo aircraft with a total listing value of up to $6.3 billion, serving the plan to develop the fleet and open new international routes, the agreement will bring the total number of narrow-body Airbus A321Neo aircraft ordered by Bamboo Airways to 50, including 24 in the memorandum of understanding signed in March 2018.
The airline aimed to hire up to 600 personnel when it began in April 2018 and additionally had goals to operate as a five-star airline.[failed verification] In July 2018, The FLC Group announced it would be increasing its charter capital to $56.52 million.
The establishment of the carrier was approved by the Prime Minister of Vietnam in July 2018. The airline's AOC was granted on 9 July 2018. Bamboo Airways subsequently passed the five stages for certification required by Vietnam's Civil Aviation Authority. After reviewing the airline's financial structure and business plan, the Ministry of Transport issued an aviation license in November 2018. The carrier inducted its first aircraft, an Airbus A319-100, in December 2018. The same month, Bamboo Airways took delivery of its first A321neo, on lease from GECAS.
The airline started operations using aircraft acquired by lease from third-party lessors, before taking delivery of aircraft from Airbus. Operations started on 16 January 2019, with a leased Airbus A320 linking Ho Chi Minh City with Hanoi. A firm order covering ten Boeing 787-9s was made public in early 2019. The carrier received its first A320neo in November 2019. The airline's first Boeing 787-9 was delivered a month later.
In March 2022, Trịnh Văn Quyết – the founder and chairman of Bamboo Airways' then-parent group FLC – as well as many other of FLC's key people were arrested over alleged stock market manipulation, fraud and appropriation of properties. Concerned that the crisis would negatively affect the operations of the carrier and damage the rights and safety of the customers, the Civil Aviation Authority of Vietnam announced that it would closely monitor and supervise Bamboo Airways in a certain period of time, while Bamboo Airways declared that it faced little disruption and its business was still running "smoothly".
Followed by the authorities' investigations aiming at its parent company FLC Group, Bamboo Airways stated that it was in need of a "strategic investor". Local media reported that a new owner had already started its acquisition of Bamboo Airways by refreshing the board of directors of the enterprise, announcing restructure plans for Bamboo Airways as well as cutting connections between Bamboo Airways's operations and its "former" owner FLC Group.
Bamboo Airways
Bamboo Airways JSC (Vietnamese: CTCP Hàng không Tre Việt, lit. 'Viet Bamboo Aviation JSC') is a Vietnamese airline founded in 2017. Commencing operations in January 2019, this carrier declared that it would be following the "hybrid airline" model. Bamboo Airways operates a fleet of the narrowbody A320 Family aircraft, having hubs at Noi Bai International Airport and Tan Son Nhat International Airport alongside its registered base, Phu Cat Airport.
The airline was founded in 2017. In March 2018, a memorandum of understanding with Airbus for up to 24 Airbus A321neos in a deal worth up to US$3.1 billion was signed; the event was witnessed by the General Secretary Nguyễn Phú Trọng and the French Parliamentary President François de Rugy. On 25 June 2018, with the presence of Deputy Prime Minister Vương Đình Huệ, the FLC Group officially signed an agreement with Boeing for an order of 20 new Boeing 787-9 Dreamliner aircraft worth $5.6 billion.
In March 2019, Bamboo Airways completed an agreement to buy 26 more Airbus A321neo aircraft with a total listing value of up to $6.3 billion, serving the plan to develop the fleet and open new international routes, the agreement will bring the total number of narrow-body Airbus A321Neo aircraft ordered by Bamboo Airways to 50, including 24 in the memorandum of understanding signed in March 2018.
The airline aimed to hire up to 600 personnel when it began in April 2018 and additionally had goals to operate as a five-star airline.[failed verification] In July 2018, The FLC Group announced it would be increasing its charter capital to $56.52 million.
The establishment of the carrier was approved by the Prime Minister of Vietnam in July 2018. The airline's AOC was granted on 9 July 2018. Bamboo Airways subsequently passed the five stages for certification required by Vietnam's Civil Aviation Authority. After reviewing the airline's financial structure and business plan, the Ministry of Transport issued an aviation license in November 2018. The carrier inducted its first aircraft, an Airbus A319-100, in December 2018. The same month, Bamboo Airways took delivery of its first A321neo, on lease from GECAS.
The airline started operations using aircraft acquired by lease from third-party lessors, before taking delivery of aircraft from Airbus. Operations started on 16 January 2019, with a leased Airbus A320 linking Ho Chi Minh City with Hanoi. A firm order covering ten Boeing 787-9s was made public in early 2019. The carrier received its first A320neo in November 2019. The airline's first Boeing 787-9 was delivered a month later.
In March 2022, Trịnh Văn Quyết – the founder and chairman of Bamboo Airways' then-parent group FLC – as well as many other of FLC's key people were arrested over alleged stock market manipulation, fraud and appropriation of properties. Concerned that the crisis would negatively affect the operations of the carrier and damage the rights and safety of the customers, the Civil Aviation Authority of Vietnam announced that it would closely monitor and supervise Bamboo Airways in a certain period of time, while Bamboo Airways declared that it faced little disruption and its business was still running "smoothly".
Followed by the authorities' investigations aiming at its parent company FLC Group, Bamboo Airways stated that it was in need of a "strategic investor". Local media reported that a new owner had already started its acquisition of Bamboo Airways by refreshing the board of directors of the enterprise, announcing restructure plans for Bamboo Airways as well as cutting connections between Bamboo Airways's operations and its "former" owner FLC Group.