VietJet Aviation Joint Stock Co, Vietnam's only privately owned carrier, said it is considering an initial public offering (IPO) to fund expansion after becoming profitable this year.
A plane of VietJet Air’s fleet in Vietnam. (Jetstar photo)
VietJet may hold an IPO within 18 months to 42 months, Managing Director Luu Duc Khanh said in an interview. It posted pretax profit of about 120 billion dong (US$5.7 million) in the seven months ended July, Khanh said. The Hanoi-based carrier lost money in 2012, he said, declining to give figures.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.