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Jetstar Pacific to raise charter capital
Low-cost carrier Jetstar Pacific is planning to increase its charter capital from VND727 billion (US$40 million) to more than VND1.3 trillion ($73 million).
The company plans to raise the money by issuing more shares to existing stockholders.
The State Capital Investment Corporation (SCIC) holds a 69.93 per cent stake in the airline, while strategic shareholder Australian airline Qantas owns 27 per cent of the company. Other stockholders are Sai Gon Tourist Corporation and Luong Hoai Nam, director general of the carrier.
The airline has also mapped out a plan to upgrade its fleet of planes to meet the passengers’ increasing demand. It is also looking to open international routes.
Jetstar Pacific said it would finish upgrading its fleet next month when final technical checks are completed in Singapore.
The airline’s six A320 and Boeing 737-400 aircraft fly between HCM City, Ha Noi, Da Nang, Hue, Vinh, Hai Phong and Nha Trang about 270 times a week.
The budget carrier also said it was planning to buy two 177-seat A320s, which will fly four times a week between the northern Australian city of Darwin and HCM City.
Jetstar Pacific, formally Pacific Airlines, became Viet Nam’s first budget carrier in May 2008. Its market share in Viet Nam has increased from 14 per cent to 23 per cent.
Earlier this month, the Qantas Group unveiled plans to increase its share in Jetstar Pacific from 27 per cent to 30 per cent next year.
Almost 1 million passengers travelled with Jetstar Pacific in the first six months of 2009, marking a 30 per cent growth in passenger numbers compared with the same period last year.
vietnamnews
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