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Published on Tuesday, June 22, 2021

Vietnam Airlines gets USD173 million lifeline from banks






Banks have stepped in to help keep Vietnam Airlines in the air. They pledged to collectively lend the struggling carrier US$173.8 million, potentially avoiding bankruptcy.


Vietnam Maritime Commercial Joint Stock Bank, Saigon, Hanoi Commercial Joint Stock Bank and SeABank will underwrite loans.


A week ago local media cited Ministry of Planning and Investment comments that the airline was on the brink of filing for bankruptcy.


 


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