Vietnam Airlines may sell stake to ANA
Vietnam Airlines says Japan’s All Nippon Airways has been mooted as a strategic partner as the Vietnam flag carrier pursues a partial privatization.
Vietnam Airlines’ president Pham Ngoc Minh said ANA was one of several possibilities as it seeks to sell a 20% stake in the airline.
ANA generated $1.6 billion in a share offer in 2012 specifically to fund purchases in Asian airlines.
Minh said the airline is talking to several partners but would prefer to choose just one.
With a value of US$1.5 billion, Vietnam Airlines is offering a stake of just 5% in an initial public offering with the state set to hang on to control of three-quarters of the company.
The carrier has a 50% market share in Vietnam which is one of Asia’s fastest growing markets.
Minh said its stock would be listed within a year of the IPO, but declined to say which stock market.
The IPO was planned for this month but could be delayed once again.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025