| |||||||
Founded | 31 May 2017 | ||||||
---|---|---|---|---|---|---|---|
Commenced operations | 16 January 2019 | ||||||
AOC # | 366 | ||||||
Operating bases | |||||||
Frequent-flyer program | Bamboo Club[1] | ||||||
Fleet size | 15 | ||||||
Destinations | 27[2] | ||||||
Parent company | Him Lam Group | ||||||
Headquarters | Cầu Giấy, Hanoi, Vietnam | ||||||
Key people | [3] | ||||||
Founder | FLC Group (entirely divested) | ||||||
Net income | −US$722.5 million (2022)[4] | ||||||
Total assets | US$ 1.4 billion (2020)[5] | ||||||
Website | www |
Bamboo Airways JSC (Vietnamese: CTCP Hàng không Tre Việt, lit. 'Viet Bamboo Aviation JSC')[6][7] is a Vietnamese airline founded in 2017. Commencing operations in January 2019, this carrier declared that it would be following the "hybrid airline" model.[8] Bamboo Airways operates a mixed fleet of narrowbody and widebody aircraft, having hubs at Noi Bai International Airport and Tan Son Nhat International Airport alongside its registered base, Phu Cat Airport.
History
Launching and aircraft acquisition
The airline was founded in 2017.[9] In March 2018, a memorandum of understanding with Airbus for up to 24 Airbus A321neos in a deal worth up to US$3.1 billion was signed; the event was witnessed by the General Secretary Nguyễn Phú Trọng and the French Parliamentary President François de Rugy.[10][11][12] On 25 June 2018, with the presence of Deputy Prime Minister Vương Đình Huệ, the FLC Group officially signed an agreement with Boeing for an order of 20 new Boeing 787-9 Dreamliner aircraft worth $5.6 billion.[12][13]
In March 2019, Bamboo Airways completed an agreement to buy 26 more Airbus A321neo aircraft with a total listing value of up to $6.3 billion, serving the plan to develop the fleet and open new international routes, the agreement will bring the total number of narrow-body Airbus A321Neo aircraft ordered by Bamboo Airways to 50, including 24 in the memorandum of understanding signed in March 2018.[14][15]
The airline aimed to hire up to 600 personnel when it began in April 2018, and additionally had goals to operate as a five-star airline.[16][10] In July 2018, The FLC Group announced it would be increasing its charter capital to $56.52 million.[17]
The establishment of the carrier was approved by the Prime Minister of Vietnam in July 2018.[18] The airline's AOC was granted on 9 July 2018. Bamboo Airways subsequently passed the five stages for certification required by Vietnam's Civil Aviation Authority.[19] After reviewing the airline's financial structure and business plan, the Ministry of Transport issued an aviation license in November 2018.[20] The carrier inducted its first aircraft, an Airbus A319-100, in December 2018.[21] The same month, Bamboo Airways took delivery of its first A321neo, on lease from GECAS.[19][22]
The airline started operations using aircraft acquired by lease from third-party lessors, before taking delivery of aircraft from Airbus.[23] Operations started on 16 January 2019, with a leased Airbus A320 linking Ho Chi Minh City with Hanoi.[24] A firm order covering ten Boeing 787-9s was made public in early 2019.[25] The carrier received its first A320neo in November 2019.[26] The airline's first Boeing 787-9 was delivered a month later.[27]
Founders' crisis, restructuring and new owner
In March 2022, Trịnh Văn Quyết - the founder and chairman of Bamboo Airways' then-parent group FLC - as well as many other FLC's key people were arrested over alleged stock market manipulation, fraud and appropriation of properties.[28] Concerned that the crisis will negatively affect the operations of the carrier and damage the rights and safety of the customers, the Civil Aviation Authority of Vietnam announced that it will closely monitor and supervise Bamboo Airways in a certain period of time, while Bamboo Airways declared that it faced little disruption and its business was still running "smoothly".[29]
Followed by the authorities' investigations aiming at its parent company FLC Group, Bamboo Airways stated that it was needing a "strategic investor".[30] Local media has reported that a new owner, that its accurate identity is yet to be confirmed, has already started its acquisition of Bamboo Airways by refreshing the board of directors of the enterprise, announcing restructure plans for Bamboo Airways as well as cutting connections between Bamboo Airways's operations and its "former" owner FLC Group.[31][32]
As of December 2022, the official website of Bamboo Airways has no more mentioned the names of its founders, including the "FLC Group" brand.[33] In the financial report of 2022's third quarter, FLC has formally confirmed that its stake in Bamboo has been reduced to just more than 21%, eventually losing its dominant stakeholder position.[34]
In March 2023, Bamboo Airways confirmed that it has found a group of new investors replacing Trịnh Văn Quyết and FLC's ownership in the company. Meanwhile, the first Bamboo aircraft was rolled out in Taiwan without "FLC Group" marking.[35][36]
On 21 June 2023, Him Lam Group was officially announced as the new owner of Bamboo Airways.[37] Shortly after the Him Lam takeover, there were allegations of Bamboo Airways filing for bankruptcy protection due to "the inability of the new investors." The carrier later refuted the mentioned rumors while committing that it would be maintaining all normal operations.[38][39] It was subsequently recognized that Sacombank is looking to invest into the airline and help improving the financial situation of the carrier.[40]
In October 2023, Bamboo appointed Luong Hoai Nam as the new CEO while announced fleet restructuring, hinting that the carrier may decommission its widebody fleet.[41]
Corporate affairs
Key people
As of November 2018, Duong Thi Mai Hoa held the vice-president and general manager positions.[42] Dang Tat Thang held the CEO position from 2018 until July 2022.[43] Nguyen Manh Quan is the current CEO of the carrier, as of July 30, 2022.[44][45]
Dang Tat Thang was also the chairman of the carrier after the former Chairman Trinh Van Quyet was arrested at the end of March 2022 on stock manipulation charges. He held the position and also the aforementioned CEO position until July 27, 2022, when he resigned, citing "personal reasons".[46] After an extraordinary shareholders meeting on August 13, 2022, the carrier's shareholders have appointed Deputy Chairman Nguyen Ngoc Trong as the new chairman of the board for the carrier.[47][48]
On May 21, during a board meeting, the carrier's Board of Directors passed a Resolution appointing Mr Nguyen Minh Hai, former Deputy CEO of Vietnam Airlines and former CEO of Cambodia Angkor Air, to be the new CEO of the carrier from May 24, replacing Mr Nguyen Manh Quan who has submitted a Resignation Letter to move up to the board of directors,[49] only to resign after just 2 months.[50] Currently, Le Thai Sam is acting as the carrier's Chairman of the Board, Le Ba Nguyen as the Vice Chairman and Nguyen Ngoc Trong as the CEO. The carrier has been undergone a restructuring plan regarding its leadership, route network and fleet composition.[51]
Ownership
Bamboo Airways was owned by FLC Group, a company that specializes in property development, finance, and mining, among other activities.[11] FLC Group is reportedly transferring Bamboo Airways to another "strategic investor" and eventually withdrawing its influence from the carrier.[31]
In 2023, following the founders' crisis, the carrier was practically acquired by Him Lam Group (Him Lam JSC) - a sizeable real estate investor in Vietnam - alongside a group of "Japanese-associated investors."[37]
Headquarters
Bamboo Airways is headquartered in Cau Giay district, Hanoi.[52]
Destinations
As of October 2023, Bamboo Airways operates or has operated to the following destinations:[53]
Fleet
Current fleet
As of December 2023, Bamboo Airways operates an all-leased fleet consisting of the following aircraft:[82]
Aircraft | In service | Orders | Passengers | Notes | |||
---|---|---|---|---|---|---|---|
C | W | Y | Total | ||||
Airbus A320-200 | 2 | — | 16 | — | 120 | 136 | |
8 | 162 | 170 | |||||
Airbus A320neo | 4 | — | 8 | — | 162 | 170[26] | |
— | 180 | 180 | |||||
Airbus A321-200 | 4 | — | 8 | — | 184 | 192 | |
Embraer E190 | 5 | — | 6 | — | 92 | 98 | — |
Total | 15 |
Fleet development
In August 2022 Chairman Nguyen Ngoc Trong said that Bamboo Airways aims to boost the number of aircraft in the fleet to 35 by the end of 2022, 42 in 2023 and 100 in 2028.[83]
Recently, the carrier has announced that it was undergoing a restructuring plan regarding its fleet in order to trim operating costs, thereby increasing operational effectiveness, increasing competition on the market and leading to a sustainable development.[84][85]
Retired fleet
Those types of aircraft were either retired or decommissioned from Bamboo Airways fleet:
Aircraft | Introduced | Retired | Notes |
---|---|---|---|
Airbus A319-100 | 2019 | 2022 | [86][87][88] |
Airbus A321neo | 2018 | [19][22] | |
Boeing 787-9 | [89] | ||
Embraer E195 | 2020 | 2021 | Wet-leased from Great Dane Airlines and LOT Polish Airlines.[90][91] |
See also
References
- ↑ "About Bamboo Club". Retrieved 8 November 2021.
- ↑ "Bamboo Airways on ch-aviation". ch-aviation. Retrieved 9 November 2023.
- ↑ https://dantri.com.vn/kinh-doanh/nong-nhu-ghe-ceo-tai-bamboo-airways-4-thang-doi-3-nguoi-20231027154027713.htm
- ↑ "Hanoi reiterates support for Bamboo Airways". ch-aviation GmbH. 28 December 2023. Archived from the original on 2 January 2024.
- ↑ Tu, Anh (9 June 2020). "FLC denies selling Bamboo Airways stake". VnExpress International. Archived from the original on 24 January 2022.
- ↑ "Bamboo Airways English frontpage". Archived from the original on 18 January 2019.
- ↑ "0107867370 - CÔNG TY CỔ PHẦN HÀNG KHÔNG TRE VIỆT - MaSoThue". MaSoThue (in Vietnamese). Retrieved 2 August 2022.
- ↑ "Hybrid – A New Aviation trends in 2019". Bamboo Airways. Retrieved 19 September 2022.
- ↑ "About Bamboo Airways". Retrieved 8 November 2021.
- 1 2 Schofield, Adrian (27 June 2018). "Vietnamese startup Bamboo Airways adds 20 Boeing 787-9s to fleet". Air Transport World. Archived from the original on 18 January 2019.
- 1 2 Waldron, Greg (7 March 2018). "Vietnam's FLC Group in tentative deal for 24 A321neos". Singapore: Flightglobal. Archived from the original on 18 January 2019.
- 1 2 "Bamboo Airways Modern Fleet" (Press release). Bamboo Airways. 28 August 2018. Archived from the original on 24 January 2022.
- ↑ Yeo, Ghim-Lay (25 June 2018). "Vietnam's Bamboo commits to 20 787-9s". FlightGlobal. Archived from the original on 24 January 2022.
- ↑ "Vietnam's Bamboo Airways to buy 50 Airbus A321neo planes - chairman". Reuters. 28 March 2019. Retrieved 7 November 2022.
- ↑ "Báo VietnamNet". VietNamNet News (in Vietnamese). Retrieved 7 November 2022.
- ↑ "Korea Visa & Passports - Official Korea Tourism Organization". visitkorea.or.kr. Archived from the original on 29 September 2014.
- ↑ "Bamboo Airways aims to have maiden flight on December 29". Vietnam Investment Review. 26 November 2018. Archived from the original on 21 January 2019. Retrieved 21 January 2019.
- ↑ "Bamboo Airways receives official government approval". Centre for Aviation. 10 July 2018. Archived from the original on 24 January 2022.
- 1 2 3 Chuanren, Chen (9 January 2019). "Vietnam startup Bamboo Airways secures AOC". Air Transport World. Archived from the original on 18 January 2019.
- ↑ Schofield, Adrian (13 November 2018). "Bamboo Airways granted Vietnam license". Air Transport World. Archived from the original on 10 December 2018.
- ↑ "Vietnam's Bamboo Airways adds first aircraft, an A319". ch-aviation GmbH. 20 December 2018. Archived from the original on 24 January 2022.
- 1 2 3 "Vietnam's Bamboo Airways adds first A321neo". ch-aviation GmbH. 1 January 2019. Archived from the original on 2 January 2024.
- ↑ "FLC Group selects A321neo for start-up airline Bamboo Airways - eTurboNews (eTN)". eTurboNews (eTN). 26 March 2018. Retrieved 27 March 2018.
- ↑ Hashim, Firdaus (16 January 2019). "Vietnam's Bamboo Airways begins operations". Singapore: Flightglobal. Archived from the original on 18 January 2019.
- ↑ "Boeing and Bamboo Airways Announce Order for 10 787 Dreamliners". Boeing. 27 February 2019. Archived from the original on 24 January 2022.
- 1 2 Ngai, SiMin (7 November 2019). "Bamboo Airways receives first A320neo". Flightglobal. Archived from the original on 13 October 2021.
- ↑ "Viet Nam's Bamboo Airways receives first B787s". ch-aviation GmbH. 17 December 2019. Archived from the original on 3 December 2021.
- ↑ "Vietnam arrests chairman of FLC, Bamboo Airways over alleged market manipulation". Reuters. 29 March 2022. Retrieved 19 September 2022.
- ↑ Vu Diep. "Bamboo Airways chair arrested, CAAV to supervise the air carrier". VietNamNet News (in Vietnamese). Retrieved 19 September 2022.
- ↑ Hà -, Thu (4 July 2022). "Bamboo Airways needs strategic investors to supplement resources". Vietnam Economic Times | VnEconomy. Retrieved 19 September 2022.
- 1 2 "Nhà đầu tư mới đã cơ bản 'thâu tóm' xong Bamboo Airways?". TUOI TRE ONLINE (in Vietnamese). 14 August 2022. Retrieved 19 September 2022.
- ↑ "Sacombank chairman new senior advisor to Bamboo Airways board". theinvestor.vn. Retrieved 19 September 2022.
- ↑ "Bamboo Airways - More than just a flight - Official booking website". Bamboo Airways. Retrieved 16 December 2022.
- ↑ "FLC Group 3Q2022 Financial Report" (PDF). FLC Group JSC (in Vietnamese). 4 October 2018. Retrieved 14 January 2023.
- ↑ Anh Tú. "Bamboo Airways có nhóm nhà đầu tư mới thay ông Trịnh Văn Quyết" [Bamboo Airways got new investors replacing Trịnh Văn Quyết]. VnExpress (in Vietnamese). Retrieved 16 March 2023.
- ↑ "VN-A227 | Airbus A321-211 | Bamboo Airways | Cheng En Cho". JetPhotos. Taoyuan International Airport. 15 March 2022. Retrieved 16 March 2023.
- 1 2 Nguyen, Thi (21 June 2023). "Him Lam and Japanese partner officially take over Bamboo Airways". Vietnam Insider. Retrieved 7 July 2023.
- ↑ VOV. "Bamboo Airways refutes bankruptcy rumours". VietNamNet Global. Retrieved 17 July 2023.
- ↑ "BAMBOO AIRWAYS TO MAINTAIN NORMAL OPERATIONS". Bamboo Airways | Press Release. Retrieved 17 July 2023.
- ↑ Anh Tu. "Lender Sacombank eyes Bamboo Airways investment". VnExpress International. Retrieved 19 September 2023.
- ↑ "Bamboo Airways Appoints New CEO, Gearing up Restructuring". Bamboo Airways. Retrieved 23 October 2023.
- ↑ Waldron, Greg (19 November 2018). "Bamboo Airways eyeing 29 December launch". Singapore: Flightglobal. Archived from the original on 18 January 2019.
- ↑ Waldron, Greg (28 December 2018). "Bamboo Airways start again delayed, but fleet growing". Singapore: Flightglobal. Archived from the original on 18 January 2019.
- ↑ "Bamboo Airways thay tướng". 29 July 2022.
- ↑ "Dàn lãnh đạo FLC lại sắp có biến động?". 30 July 2022.
- ↑ "Bamboo Airways appoints new general director after predecessor quits - VnExpress International".
- ↑ "Đường tới Bamboo Airways của đại gia Dương Công Minh". 17 August 2022.
- ↑ "Cựu Phó tổng giám đốc Vietnam Airlines gánh vai Chủ tịch HĐQT Bamboo Airways".
- ↑ "Bamboo Airways có tổng giám đốc mới". 22 May 2023.
- ↑ https://e.vnexpress.net/news/companies/bamboo-airways-ceo-resigns-after-two-months-4627993.html
- ↑ https://vov.vn/doanh-nghiep/doanh-nghiep-24h/bamboo-airways-se-som-hoan-thanh-qua-trinh-tai-co-cau-va-kinh-doanh-co-lai-post1033613.vov
- ↑ "FLC Twin Tower Cầu Giấy · 265 Đ. Cầu Giấy, Dịch Vọng, Cầu Giấy, Hà Nội, Vietnam".
- ↑ "Route network". Bamboo Airways. Retrieved 23 October 2023.
- ↑ "Bamboo Airways to end Melbourne flights". VN Express International. Retrieved 30 October 2023.
- ↑ "Bamboo Airways to end Sydney flights". VN Express International. Retrieved 30 October 2023.
- ↑ "Bamboo Airways adds Tianjin service from Dec 2022". AeroRoutes. 14 December 2022. Retrieved 17 December 2022.
- ↑ "Bamboo Airways to end Frankfurt flights". VN Express International. Retrieved 30 October 2023.
- ↑ "Bamboo Airways Welcomes First Flight Connecting Vietnam – Macau (China)". Retrieved 8 November 2021.
- ↑ "Bamboo Airways Introduces Charter Routes to Fukushima and Launches General Agent for Charter Flights in Japan". Retrieved 8 November 2021.
- ↑ "Bamboo Airways khai trương liên tiếp 3 đường bay quốc tế". VnEconomy. 22 April 2019. Archived from the original on 24 February 2020. Retrieved 16 July 2020.
- ↑ "Bamboo Airways to suspend Tokyo flights". VN Express International. Retrieved 30 October 2023.
- ↑ "Bamboo Airways to end Ho Chi Minh - Singapore flights". VN Express International. Retrieved 30 October 2023.
- ↑ "Bamboo Airways to suspend Seoul flights". VN Express International. Retrieved 30 October 2023.
- ↑ "Bamboo Airways delays new International routes launch to August 2020". Routesonline.
- ↑ "Bamboo Airways prepares for direct flights to Japan". VnExpress International.
- ↑ "Bamboo Airways to suspend Taipei flights". VN Express International. Retrieved 30 October 2023.
- ↑ "Bamboo Airways to suspend Bangkok flights". VN Express International. Retrieved 30 October 2023.
- 1 2 "Bamboo Airways NW22 London Service Changes". Aeroroutes. Retrieved 14 July 2022.
- ↑ "Bamboo Airways to connect London Gatwick with Hanoi". Simply Flying. 9 July 2022. Retrieved 11 July 2022.
- ↑ "Bamboo Airways NW23 long-haul service changes". aeroroutes.com. 4 September 2023.
- ↑ "Explore the world with Bamboo Airways". Bamboo Airways (in Vietnamese and English). Retrieved 16 February 2022.
- ↑ "Bamboo Airways tăng chuyến bay đêm dịp cao điểm Tết (Bamboo Airways increases its flights during the Lunar New Year)". Nhandan. 3 February 2019. Retrieved 3 February 2019.
- 1 2 3 "Bamboo Airways mở mới ba đường bay từ Hà Nội đi Đà Lạt, Pleiku và Cần Thơ (Bamboo Airways launches 3 new routes from Hanoi to Da Lat, Pleiku, and Can Tho)". VietnamBiz. 10 March 2019. Retrieved 11 March 2019.
- 1 2 "Bamboo Airways ưu đãi vé máy bay Huế, Chu Lai, Tuy Hòa" (in Vietnamese). VnExpress. 14 January 2021. Retrieved 23 January 2021.
- ↑ "Nhiều cơ hội, lắm thách thức khi Bamboo Airways bay thẳng tới Côn Đảo". Vietnambiz (in Vietnamese). 14 September 2020. Retrieved 15 September 2020.
- 1 2 3 4 5 6 7 8 "Route Network". Bamboo Airways. Archived from the original on 18 January 2019.
- ↑ "Bamboo Airways khai trương đường bay TP HCM - Vân Đồn, xúc tiến mở đường bay quốc tế (Bamboo Airways launches Ho Chi Minh-Van Don route and prepares to open international routes))". VietnamBiz. 3 February 2019. Retrieved 11 March 2019.
- ↑ "Prime Minister cuts ribbon launching three new air routes of Bamboo Airways connecting Hai Phong" (Press release). Bamboo Airways. 11 May 2019. Archived from the original on 24 January 2022.
- ↑ Anh, Duong (18 January 2021). "Bay TP HCM - Rạch Giá từ 299.000 đồng cùng Bamboo Airways từ đầu tháng 2/2021". Toquoc.vn. Retrieved 22 January 2021.
- ↑ Van, Son (22 January 2021). "Rạch Giá mở đường bay thẳng kết nối với Thủ đô Hà Nội". Baotintuc.vn. Retrieved 22 January 2021.
- ↑ "Bamboo Airways khai trương đường bay Tuy Hoà - Hà Nội, TP HCM" (in Vietnamese). VnExpress. 22 January 2021. Retrieved 22 January 2021.
- ↑ "Viet Nam's Bamboo Airways adds A320 capacity for travel peak". ch-aviation. 12 December 2023. Archived from the original on 2 January 2024.
- ↑ "Ông Dương Công Minh làm cố vấn cao cấp HĐQT tại Bamboo Airways".
- ↑ https://diendandoanhnghiep.vn/hang-bay-tim-huong-tai-cau-truc-doi-tau-toi-uu-chi-phi-251793.html
- ↑ https://vnexpress.net/bamboo-airways-sap-tai-cau-truc-doi-tau-bay-4658160.html
- ↑ "Vietnam's Bamboo Airways adds first aircraft, an A319". ch-aviation. Retrieved 16 December 2022.
- ↑ Vu Diep (31 March 2022). "Bamboo Airways chair arrested, CAAV to supervise the air carrier". VietNamNet News. Retrieved 16 December 2022.
- ↑ "Vụ Trịnh văn Quyết: Cục Hàng không họp khẩn với Bamboo Airways | Giao thông". VietnamPlus (in Vietnamese). 31 March 2022. Retrieved 16 December 2022.
- ↑ "Viet Nam's Bamboo Airways plans fleet restructuring". ch-aviation GmbH. 29 September 2023. Archived from the original on 29 September 2023.
- ↑ Singh, Jay (19 July 2020). "Bamboo Airways To Fly Embraer E195s Leased From Great Dane Airlines". Simple Flying. Retrieved 16 December 2022.
- ↑ "LOT Polish Airlines sends two E195s to Vietnam for Bamboo Airways". SasaTimes. 5 December 2022. Retrieved 16 December 2022.