CH Aviation

Cash-strapped Vietnam Airlines (VN, Hanoi) proposes to inject nearly VND10 trillion dong (USD433 million) in infrastructure development at Long Thanh International Airport, currently under construction in Dong Nai province, south-eastern Vietnam. It will be located 40 kilometres northeast of Ho Chi Minh City.

This is according to a proposal by the airline, submitted to the country’s Ministries of Transport, and Planning and Investment, and the Commission for the Management of State Capital at Enterprises (CMSC), local media reports.

Vietnam Airlines would raise some 70% of the VND9.9 trillion (USD429 million) through loans, and 30% from equity.

Full Report