Vietjet will issue 2,000 billion VND in corporate bonds

At the end of May 30, the Board of Directors of Vietjet Aviation Joint Stock Company approved the plan to issue VND2,000 billion in private corporate bonds. The face value of the bonds is VND100 million/bond.

The purpose of the issuance is to supplement the company's operating capital to pay for operating expenses such as fuel, port costs, flight operations, engineering, salaries, insurance, aircraft deposits and other expenses.

This bond lot is issued with a maximum fixed interest rate of 12 months for the first 2 interest periods, a term of 60 months and this is a regular corporate bond, non-convertible, without warrants and without collateral...

Vietjet reports after-tax profit of 168 billion VND in the first quarter of the year

Regarding business operations, Vietjet's Q1 2023 financial report showed a sharp increase in business results compared to the same period last year when the airline operated 31,300 flights, transporting 5.4 million passengers, up 57% and 75% respectively compared to the same period last year. The airline opened 10 new domestic and international routes, bringing the total number of routes by the end of Q1 to 55 domestic routes and 50 international routes.

Air transport gross profit reached VND1,081 billion in the first quarter, and profit after tax was VND168 billion, up 320% year-on-year. Vietjet expects to continue to see strong growth in revenue and profit this year thanks to jet fuel prices forecast to fall by 20-30% compared to the average level in 2022, the opening of the Chinese market and the gradual application of visa relaxation policies.

According to Laborer