IPO is Initial Public Offering in which a company sells its shares to the general public for the first time. Under the plan of equitisation of State enterprises, Vietnam Airlines intends to perform its IPO in September 2014.
According to the report of Airbus on April 23rd, Vietnam Airlines has become the first airline in Asia to use the latest advanced type of aircraft of this company named A350 XWB. The first A350 XWB will land at Vietnam airport in mid 2015.
Government will approve the value and number of stakes in the IPO expected to be implemented in June of Vietnam Airlines. Accordingly, the carrier is on the way to seek a strategic investor in coming Quarter IV.