Bamboo Airways
Bamboo Airways Logo QH-BAV.png
IATA ICAO Callsign
QH BAV BAMBOO
Founded2017
Commenced operations16 January 2019
AOC #366
Operating basesPhu Cat Airport
Hubs
Frequent-flyer programBamboo Club[1]
Fleet size29
Destinations29
Parent companyFLC Group (52.7%)[2]
HeadquartersCầu Giấy, Hanoi, Vietnam[3]
Key people
  • Nguyen Ngoc Trong, Chairman [4]
  • Nguyen Manh Quan, CEO[5]
Total assetsIncrease US$ 1.4 billion (2020)[2]
Websitebambooairways.com

Bamboo Airways JSC (Vietnamese: CTCP Hàng không Tre Việt, lit.'Viet Bamboo Aviation JSC'),[6][7] operating as Bamboo Airways, is a Vietnamese airline owned by the FLC Group, registered in Quy Nhơn, Vietnam, with a head office in Cầu Giấy District, Hanoi.[3] Founded in 2017, the airline launched operations on 16 January 2019, declared that it would follow the "hybrid airline" model.[8] It operates a mixed fleet of narrowbody and widebody aircraft, and has hubs at Noi Bai International Airport and Tan Son Nhat International Airport.

History

Launching & aircraft acquisition

The airline was founded in 2017.[citation needed] 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.[9][10][11] 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.[11][12]

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.[13][failed verification][9] In July 2018, The FLC Group announced it would be increasing its charter capital to $56.52 million.[14]

The establishment of the carrier was approved by the Prime Minister of Vietnam in July 2018.[15] The airline's AOC was granted on 9 July 2018, and Bamboo Airways subsequently passed the five stages for certification required by Vietnam's Civil Aviation Authority.[16] After reviewing the airline's financial structure and business plan, the Ministry of Transport issued an aviation license in November 2018.[17] The carrier inducted its first aircraft, an Airbus A319-100, in December 2018.[18] The same month, Bamboo Airways took delivery of its first A321neo, on lease from GECAS.[16][19] The airline started operations using aircraft acquired by lease from third party lessors, before taking delivery of aircraft from Airbus.[20] Operations started on 16 January 2019, with a leased Airbus A320 linking Ho Chi Minh City with Hanoi.[21] A firm order covering ten Boeing 787-9s was made public in early 2019.[22] The carrier received its first A320neo in November 2019.[23] The airline's first Boeing 787-9 was delivered a month later.[24]

Founders' crisis, restructuring and new owner

In March 2022, Trịnh Văn Quyết - the founder and chairman of Bamboo Airways its parent group FLC - as well as many other FLC's key people were arrested over alleged market manipulation, fraud and approriation of properties.[25][26] Concerning 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".[27]

Followed by the authorities' investigations aiming at its parent company FLC Group, Bamboo Airways stated that it was needing a "strategic investor".[28] 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.[29][30]

Corporate affairs

Key people

As of November 2018, Duong Thi Mai Hoa held the vice-president and general manager positions.[31] Dang Tat Thang held the CEO position from 2018 until July 2022.[32] Nguyen Manh Quan is the current CEO of the carrier, as of July 30, 2022.[33][34]

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".[35]. After an extraordinary shareholders meeting on August 13, 2022, the carrier's shareholders has appointed Deputy Chairman Nguyen Ngoc Trong as the new Chairman of the Board for the carrier.[36][37]

Ownership

Bamboo Airways is owned by FLC Group, a company that specializes property development, finance, and mining, among other activities.[10]FLC Group is reportedly transferring Bamboo Airways to another "strategic investor" and effectively ending its influence in the carrier.[29]

Headquarters

Bamboo Airways is headquartered in Cau Giay district, Hanoi.[38]

Destinations

Bamboo Airways' A320neo aircraft with the Fly Green special livery spotted at Tan Son Nhat International Airport, Ho Chi Minh City.
Bamboo Airways' A320neo aircraft with the Fly Green special livery spotted at Tan Son Nhat International Airport, Ho Chi Minh City.
Bamboo Airways' Boeing 787-9 at Noi Bai International Airport, Hanoi.
Boeing 787-9 Business Class
Boeing 787-9 Business Class

As of May 2022, Bamboo Airways serves the following destinations:[39]

Country City Airport Notes Refs
Australia Melbourne Melbourne Airport [40]
Sydney Sydney Airport [41]
Germany Frankfurt Frankfurt Airport [40]
Macau Macau Macau International Airport Charter [42]
Japan Fukushima Fukushima Airport Charter [43]
Omitama Ibaraki Airport Charter [44]
Tokyo Narita International Airport [40]
Singapore Singapore Changi Airport [45]
South Korea Seoul Incheon International Airport [46]
Taiwan Kaohsiung Kaohsiung International Airport [47]
Tainan Tainan Airport Charter [48]
Taipei Taiwan Taoyuan International Airport [48][49]
Thailand Bangkok Suvarnabhumi Airport [45]
United Kingdom London Gatwick Airport Begins 29 October 2022 [50]
Heathrow Airport [45]
United States Los Angeles Los Angeles International Airport Charter [51]
San Francisco San Francisco International Airport Charter [51]
Vietnam Buon Ma Thuot Buon Ma Thuot Airport [52]
Can Tho Can Tho International Airport [53]
Chu Lai Chu Lai Airport [54]
Con Dao Con Dao Airport [55]
Da Lat Lien Khuong Airport [53]
Da Nang Da Nang International Airport
Đồng Hới Dong Hoi Airport [56]
Ha Long Van Don International Airport [57]
Hanoi Noi Bai International Airport Hub [56]
Hai Phong Cat Bi International Airport [56][58]
Ho Chi Minh City Tan Son Nhat International Airport Hub [56]
Huế Phu Bai International Airport [54]
Nha Trang Cam Ranh International Airport
Phu Quoc Phu Quoc International Airport [56]
Pleiku Pleiku Airport [53]
Quy Nhơn Phu Cat Airport Hub [56]
Rạch Giá Rach Gia Airport [59][60]
Thanh Hóa Tho Xuan Airport [56]
Tuy Hòa Tuy Hoa Airport [61]
Vinh Vinh International Airport [56]

Fleet

Bamboo Airways' first A321neo at Noi Bai International Airport. The type was phased in in November 2019 and technically being the first aircraft type to be commissioned by Bamboo Airways.[19]
Bamboo Airways' first A321neo at Noi Bai International Airport. The type was phased in in November 2019 and technically being the first aircraft type to be commissioned by Bamboo Airways.[19]

As of April 2022, the Bamboo Airways fleet consisted of the following aircraft:[62][63][64]

Aircraft In
service
Orders Passengers[citation needed] Notes
C W Y Total
Airbus A319-100 1[18] 8 120 128
Airbus A320-200 6 16 120 136
8 162 170
Airbus A320neo 6 8 162 170[23]
180 180
Airbus A321-200 3 8 184 192
Airbus A321neo 5 1[65] 16 182 198 Signed MoU for 24 airframes, no firmed order yet[66]
8 196 198[67]
8 215 223 Equipped with Airbus Cabin Flex configuration[68]
Boeing 787-9 3 11 26 21 247 294[69] With an MoU for 20 more airframes[12]
30 36 226 292[69]
Embraer E190 5[70] 6 92 98
Total 29 12

According to the Chairman Nguyen Ngoc Trong, Bamboo Airways is aiming to boost the number of aircraft in the fleet to 35 by the end of 2022, 42 in 2023 and 100 in 2028.[71]

See also

References

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