National flag carrier Vietnam Airlines has completed a deal to sell 8.77 percent shares to Japan’s largest airline ANA Holding Inc and earned VND2,431 billion (US$108 million), announced Citi and Morgan Stanley yesterday.
|An aircraft of Vietnam Airlines at Phu Quoc Airport, Kien Giang province (Photo: SGGP)|
The deal took place after Vietnam Airlines finished its Initial Public Offering (IPO) in November 2014. Citi and Morgan Stanley played a consultative role for the airline during its IPO as well as strategic share sale.
The strategic cooperation between Vietnam Airlines and ANA will help them share experience and knowledge of operation and management, improve service quality meeting highly increasing air travel demand in the Southeast Asia market.
They will implement a regular customer program starting at the end of this year over 30 domestic flights in Japan and Vietnam and 10 international flights between the two nations.