Bamboo Airways continues trimming domestic flight network, fleet

By Minh Minh
Fri, February 23, 2024 | 10:39 pm GMT+7

Bamboo Airways has announced partial or full suspension of air connections to more domestic destinations from April as the Vietnamese private carrier undergoes its largest reshuffle since its first commercial flight in January 2019.

A Bamboo Airways plane. Photo courtesy of Bamboo Airways.

A Bamboo Airways plane. Photo courtesy of Bamboo Airways.

The affected routes will be from Hanoi and Ho Chi Minh City to Con Dao, off the coast of the southern province of Ba Ria-Vung Tau, and the central province of Thua Thien Hue; and from Hanoi to Dong Hoi, the capital of the central province of Quang Binh.

The announcement came after the carrier reached an agreement to terminate early a lease contract for three Brazil-made Embraer E190 jets from the end of March.

Following this move, Bamboo Airways’ fleet will consist of just eight narrow-body A320/321 jets from April. It will expand to 12-15 planes by the end of this year if financial and market conditions permit.

This is not the first time Bamboo Airways has downsized its domestic services. Since late last year, it has reduced the frequency or stopped operating some routes like Hanoi/HCMC-Phu Quoc and Hanoi-Ca Mau.

It also ended all international links on Boeing B787-9 planes in November 2023.

The airline is focusing on operating services on the North-South axis between Hanoi and HCMC, and between Hanoi/HCMC and Danang and other localities with high travel demand.

Bamboo Airways has been going through major leadership changes ever since its chairman Trinh Van Quyet was arrested in March 2022 for stock market manipulation and fraud.

Earlier this month, Phan Dinh Tue, former Sacombank deputy CEO, was appointed its chairman, replacing Le Thai Sam. In January, Luong Hoai Nam, former executive of Pacific Airlines and Air Mekong, was chosen for the CEO post, the third such change in five months.

The government has asked multiple agencies to help the airline overcome its hardships and successfully restructure its operations.

Comments (0)
  • Read More
Hoiana golf tournament raises $473,000 for disadvantaged children in Quang Nam

Hoiana golf tournament raises $473,000 for disadvantaged children in Quang Nam

Hoiana Resort & Golf has raised over VND1.2 billion ($473,000) from holding a charity golf tournament to support disadvantaged children in the central province of Quang Nam.

Society - Sun, April 28, 2024 | 7:14 pm GMT+7

Dragon Capital-linked funds raise holding in retailer Mobile World to 6.25%

Dragon Capital-linked funds raise holding in retailer Mobile World to 6.25%

Six funds related to Dragon Capital, one of major fund management companies in Vietnam, have bought in a combined 4.66 million shares of leading Vietnamese retailer Mobile World Investment Corporation.

Companies - Sun, April 28, 2024 | 4:24 pm GMT+7

Vietnam real estate market can flourish again with shift in focus: experts

Vietnam real estate market can flourish again with shift in focus: experts

New policies, low interest rates, and projects serving real housing needs can see Vietnam’s real estate market recover by the end of 2025 and grow sustainably, experts said.

Real Estate - Sun, April 28, 2024 | 2:50 pm GMT+7

Real estate giant DIC Corp notches biggest quarterly loss since listing

Real estate giant DIC Corp notches biggest quarterly loss since listing

Development Investment Construction JSC (DIC Corp), among Vietnam’s top real estate developers, incurred a loss of VND117.2 billion ($4.62 million) in the first quarter of this year, marking its largest quarterly loss since floating shares in 2009.

Companies - Sun, April 28, 2024 | 2:30 pm GMT+7

Vietnam startup funding down 17% to $529 mln in 2023, 3rd in Southeast Asia

Vietnam startup funding down 17% to $529 mln in 2023, 3rd in Southeast Asia

Vietnamese startups secured $529 million in total funding in 2023, a 17% decline from the previous year, according to the 2024 Vietnam innovation and tech investment report released Friday.

Finance - Sun, April 28, 2024 | 10:04 am GMT+7

Vietnam’s Eximbank elects third chairperson in three years

Vietnam’s Eximbank elects third chairperson in three years

Ho Chi Minh City-based Eximbank has elected Nguyen Canh Anh as its chairman for the 2020-2025 term, the third one since early 2022, as the private lender manages to resettle its leadership.

Companies - Sun, April 28, 2024 | 9:38 am GMT+7

Central Vietnam province okays Swiss-invested $126 mln bamboo board factory

Central Vietnam province okays Swiss-invested $126 mln bamboo board factory

Vietnam’s central province of Thanh Hoa has given an in-principle nod for staBoo Thanh Hoa JSC to invest VND3,199 billion ($126 million) in a factory for manufacturing bamboo oriented strand board (bamboo OSB).

Industries - Sun, April 28, 2024 | 7:10 am GMT+7

Revisit A1 Hill: 'Mud, Blood, Flowers'

Revisit A1 Hill: 'Mud, Blood, Flowers'

As the nation approaches the 70th anniversary of the Dien Bien Phu Victory, all eyes are turning towards the westernmost part of the Fatherland – Dien Bien, with profound gratitude.

Travel - Sun, April 28, 2024 | 12:04 am GMT+7

Vietnamese dong to slide further 1% by year-end: Bank of America

Vietnamese dong to slide further 1% by year-end: Bank of America

The Vietnamese dong, the local currency, is projected to weaken by an additional 1% by the year-end after sliding sharply against the U.S. dollar since the start of this year, according to Bank of America.

Banking - Sat, April 27, 2024 | 10:39 pm GMT+7

Industrial park developer Idico targets 22% profit hike, 40% cash dividend

Industrial park developer Idico targets 22% profit hike, 40% cash dividend

Leading industrial park developer Idico Corporation has targeted revenues and pre-tax profit of VND8.46 trillion ($334 million) and VND2.5 trillion ($98.7 million) this year, up 13% and 22% year-on-year, respectively.

Companies - Sat, April 27, 2024 | 9:23 pm GMT+7

Indonesia’s coffee exports surpass imports

Indonesia’s coffee exports surpass imports

Indonesia’s coffee exports have surpassed imports for 47 consecutive months since May 2020, the Central Statistics Agency (BPS) reported.

Southeast Asia - Sat, April 27, 2024 | 8:53 pm GMT+7

Thai central bank intervenes to stabilise currency

Thai central bank intervenes to stabilise currency

The Bank of Thailand (BoT) said it has intervened in currency markets at times to ease any excessive moves in the THB, adding that the current policy rate is robust and conducive to economic recovery, reported the Bangkok Post.

Southeast Asia - Sat, April 27, 2024 | 8:52 pm GMT+7

Indonesia's first thermal power plant stops operating

Indonesia's first thermal power plant stops operating

Indonesia's Ministry of Maritime Affairs and Fisheries (MMAF) has held a press conference to inform about the country’s progress in the early decommissioning of the Cirebon-1 thermal power plant.

Southeast Asia - Sat, April 27, 2024 | 8:49 pm GMT+7

'Tunnel king' Deo Ca plans to invest over $3.7 bln in building roads

'Tunnel king' Deo Ca plans to invest over $3.7 bln in building roads

“Tunnel king” Deo Ca Group plans to build about 400 km of highways and ring roads with a total investment of more than VND94,000 billion ($3.7 billion) by 2030.

Companies - Sat, April 27, 2024 | 5:17 pm GMT+7

Real estate major DIC plans high-end medical centers for Vietnam expats

Real estate major DIC plans high-end medical centers for Vietnam expats

Real estate major DIC Corp has plans to build facilities offering advanced medical care for long-term expat residents in the central province of Thanh Hoa and the southern province of Ba Ria-Vung Tau.

Companies - Sat, April 27, 2024 | 4:40 pm GMT+7

Ponagar Temple Festival 2024 to open in Nha Trang

Ponagar Temple Festival 2024 to open in Nha Trang

The Ponagar Temple Festival, a popular traditional cultural event of the ethnic Cham people, will take place on Sunday at the Ponagar Temple Relic Site in Nha Trang town, the central coastal province of Khanh Hoa.

Travel - Sat, April 27, 2024 | 3:05 pm GMT+7