Bamboo Airways warned for overselling tickets

Vietnam’s aviation authorities have ordered Bamboo Airways to stop selling tickets for the wrong flight slots after many passengers complained of canceled and delayed flights.

Vietnam, Bamboo Airways, ticket sale

Each airline has an allocated number of flight slots, meaning a specific period of time wherein an aircraft can take off or land at an airport depending on the latter’s capacity, but Bamboo Airways has sold tickets for slots that it does not have, according to the Civil Aviation Authority of Vietnam (CAAV).

In recent weeks customers have been complaining about Bamboo Airways frequently canceling or delaying flights, especially on the Hanoi-Da Nang route.

On March 4, the budget carrier published a public apology over its changing of schedules, blaming it on maintenance work happening at the Noi Bai International Airport.

However, a representative of Noi Bai airport said the maintenance work had finished earlier and that flight schedules were not affected by it.

The CAAV has informed Bamboo Airways that if it ignored the warning and continued to offer tickets for the wrong flight slots, the carrier will not get more slots for six months.

In January, Bamboo Airways, Vietjet and Vietnam Airlines all received warnings for selling tickets for the wrong slots for the annual Tet (Lunar New Year) holiday.

News Related

OTHER NEWS

Fitch Ratings upgrades PetroVietnam’s outlook to ‘positive’

An oil rig of PetroVietnam (Photo: VNA) Hanoi (VNA) – Fitch Ratings has revised the outlook for the Vietnam Oil and Gas Group (PetroVietnam) to “positive” from “stable”. It also assessed PetroVietnam’s standalone credit profile… Read more »

Tan Phu – Bao Loc Expressway: “3 P” and different way of capital mobilization

The meeting of the Appraisal Council on the pre-feasibility study report of the Tan Phu – Bao Loc project Sync, connect On April 9, the Minister of Planning and Investment (MPI) Nguyen Chi… Read more »

An Giang looks to attract five FDI projects in 2021

A corner of Long Xuyen city of An Giang province (Photo: VNA) An Giang (VNA) – The Mekong Delta province of An Giang has set a goal of attracting at least five foreign-invested… Read more »

VN-Index slips as trading volume scores new record

The index climbed 16 points in the morning but quickly fell to end with a 4-point decrease. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based,… Read more »

Grab set to announce deal with US SPAC at $40 billion valuation: sources

The merger will make it the biggest blank-check company deal ever. Southeast Asia’s largest ride-hailing and food delivery firm Grab’s agreement with a special purpose acquisition company (SPAC) backed by Altimeter Capital includes… Read more »

ABBank seeks to hike capital through rights issuances of shares

There will be two issuances, one each in the second and third quarters of this year, the Hanoi-based lender said in a plan it outlined to shareholders. The bank, established in 1993, plans… Read more »

Vingroup sole Vietnam rep among world's top 750 family businesses

The conglomerate, which has a 62.1 percent family shareholding, generated revenues of $5.6 billion in 2019 and employed 51,100 employees, according to the latest report from Family Capital, a U.K.-based online publishing company… Read more »

Vietnam's richest man could become a top 50 billionaire

The initial public offering of conglomerate Vingroup’s unit VinFast in the U.S., expected to occur in this or next quarter as reported by Bloomberg and Reuters, could increase Vingroup chairman Vuong’s net worth… Read more »

FLC targets 163 pct profit growth

FLC Grand Hotel Quy Nhon in the central province of Binh Dinh. Photo by VnExpress/Tuan Ho. At its annual general meeting Monday, the private conglomerate, which has interests ranging from property development to… Read more »

Vingroup eyes $2 bln from VinFast IPO in US

The IPO could take place as soon as this quarter, and could raise up to $3 billion, Bloomberg reported, citing sources. An issue worth $2 billion will make the IPO the biggest ever… Read more »

Kumho Tire eyes expansion of Vietnam plant

Kumho Tire Plant in My Phuoc 3 Industrial Park in the southern province of Binh Duong. Photo courtesy of Kumho Tire. The expansion, when completed in the first quarter of 2023, is expected… Read more »

Hanoi Beer producer profits to slump to 10-year low

The Hanoi Beer Alcohol and Beverage Jsc forecasts post-tax profits of VND255 billion ($11 million), down 59 percent from 2020. Habeco said in a report that tourism companies, hotels and restaurants continue to… Read more »

Samsung Engineering wants to build water treatment plant in Binh Dinh

Nui Mot Lake in An Nhon Town the central province of Binh Dinh. Photo by VnExpress/Hien Trang. At a meeting with the committee, it said it was interested in building the plant to… Read more »

Thailand’s top coffee chain to expand in Vietnam

A spokesperson said recently the chain sees long-term potential in Vietnam and will expand in Ho Chi Minh City and neighboring provinces this year, but did not reveal specific figures. The chain opened… Read more »

Dragon Capital raises stake in Hoa Phat Group

It bought them on the market on April 6 when HPG was trading at around VND49,400, which puts the value of the deal at around VND59 billion ($2.56 million). The Vietnam-focused Dragon Capital… Read more »

Businesses begin recruitment race post-pandemic

Workers at a textile and garment company in Tan Do Industrial Park in the southern province of Long An. Photo by VnExpress/Quynh Tran. Nidec Servo Vietnam Corporation, an electronic components manufacturer in HCMC’s… Read more »

LG’s Hai Phong smartphone factory for sale

A Business Korea report says the South Korean electronics giant has decided to terminate its loss-making mobile phone production and sales business and is taking steps to close down production plants. However, it… Read more »

Pandemic challenged FPT to do ‘more with less:’ chairman

He said at the FPT annual general meeting Thursday that as businesses faced financial difficulties because of the pandemic last year, they had to “do more with less,” and this created opportunities for… Read more »

SpaceX satellite Internet faces regulatory hurdles in Vietnam

SpaceX headquarter in Hawthorne, California, the U.S. Photo by Shutterstock/Sundry Photography. SpaceX, owned by South African-American billionaire Elon Musk, recently announced that Starlink, now in its beta testing phase, would be launched in… Read more »

Eximbank seeks to pay dividends after 7 years

An Eximbank branch in Ho Chi Minh City. Photo by VnExpress/Thanh Di. The bank sold its bad debts to the state-owned Vietnam Asset Management Company (VAMC) in 2015 against bonds on the condition… Read more »

​HDBank profit up 87 pct

An HDBank branch in Ho Chi Minh City. Photo courtesy of HDBank. Its outstanding loans at the end of the quarter was VND198 trillion, up 5 percent from the end of last year.… Read more »

Lender ACB profits skyrocket

Its credit growth was 4 percent. CEO Do Minh Toan said: “[While] the results in the first quarter were fine, the bank’s growth in the next nine months remains uncertain since the pandemic… Read more »

Indian motorcycle maker Royal Enfield suspends business in Vietnam

Al Naboodah International, the official distributor of the brand, said the decision was made since business results did not meet expectations. It said since Royal Enfield vehicles are imported from India they do… Read more »

​South Korea’s SK Group buys 16.26 pct stake in VinCommerce

Woncheol Park, representative director of SK South East Asia Investment, said his company has great belief in the potential of Vietnam’s online and offline retail sector and expects VinCommerce to play a vital… Read more »

Vingroup reports acquisition, sale of multiple companies

It sold 80 percent each of MV Real Estate JSC and the MV1 Real Estate JSC to Mitsubishi Corporation and Nomura Real Estate Development of Japan, and 90 percent of S-Vin Vietnam Real… Read more »

Indian motorcycle maker Royal Enfield bids goodbye to Vietnam

Al Naboodah International, the official distributor of the brand, said the decision was made since business results did not meet expectations. It said since Royal Enfield vehicles are imported from India they do… Read more »

Techcombank expects 25 pct profit growth

It expects credit to grow by 12 percent. Profits rose by 23 percent last year to VND15.8 trillion. It has undistributed profits of VND26.7 trillion, which it plans to use to fund operations.… Read more »

Mekong Capital invests in chocolate maker Marou

Marou’s chocolate bars. Photo by Shutterstock/EQRoy. It has invested an undisclosed sum in chocolate crafter Marou, one of the first bean-to-bar artisanal chocolate makers in Asia and among the few in the world… Read more »

Vietjet Air resumes commercial flights to Northeast, Southeast Asia

Flights from HCMC to Thailand’s Bangkok will depart every Friday, while there will be 13 flights connecting Hanoi and Japan’s Tokyo this month, with the first scheduled to take off on April 6,… Read more »

VinMart to become WinMart

The rebranding would take place after restructuring of the retail chain is complete, Truong Cong Thang, CEO of The CrownX, a subsidiary that operates VinMart, said at the Masan annual general meeting Thursday.… Read more »

Hong Kong firm invests $498-mln in Vietnam solar cell plant

This is the first investment project to be granted a license in the Quang Yen coastal economic zone since the government decided to establish the area last year. Work on the plant covering… Read more »

Apple to accredit independent repair shops in Vietnam

In a blogpost Monday, the company said it would open registrations for the program later this week for Vietnam and 37 other marrkets including Australia, South Korea and the UAE. In other countries… Read more »

Vingroup to sell 5 percent stake in garment producer Vinatex

A Vinatex Fashion Center showroom in Hoan Kiem District, Hanoi. Photo courtesy of Vinatex. The company’s share price is around VND17,700 (US$0.76), and the sale of 25 million shares is expected to fetch… Read more »

Vietnam Airlines to resume commercial flights to Asian destinations this week

The national flag carrier said flights from Hanoi to South Korea’s Incheon City will depart every Thursday while there will have seven flights from Hanoi to Japan’s Narita City in April, with the… Read more »

Masan chairman defends VinMart purchase

The decision to purchase Vingroup’s subsidiary VinCommerce, which operates the VinMart grocery chain, had been met with opposition, even from investors who had trusted most in Masan, he said. Quang acknowledged in the… Read more »

A necessary step back: Masan chairman defends VinMart purchase

The decision to purchase Vingroup’s subsidiary VinCommerce, which operates the VinMart grocery chain, had been met with opposition, even from investors who had trusted most in Masan, he said. Quang acknowledged in the… Read more »

PGBank pulls plug on merger plans after 2nd debacle

A PGBank branch in Hanoi. Photo courtesy of PGBank. “In the last six years, PGBank planned to merge with VietinBank and HDBank, but both deals were unsuccessful, which has been affecting the bank’s… Read more »

Bamboo Airways secures flight slots in London

The flights would be operated using the airline’s long-haul Boeing 787-9 Dreamliner aircraft. The carrier had stated its intention to fly to the British capital and Frankfurt in Germany in the first quarter… Read more »

AEON to build $190-mln shopping mall in northern province

AEON mall in Binh Tan District, Ho Chi Minh City. Photo coutersy of AEON. Vice chairman of Bac Ninh People’s Committee, Vuong Quoc Tuan, said the province would provide support for the key… Read more »

Hoa Phat’s dizzy growth seems set to continue

It eyes revenues of VND120 trillion ($5.2 billion) and post-tax profits of VND18 trillion, the highest ever since it began operation in 1992. Last year revenues rose by 41 percent to VND91 trillion,… Read more »

Be to expand ride-hailing taxi services to 20 more markets

They include Hue, Can Tho and Phu Quoc and Con Dao islands. The group’s beTaxi service is a partnership with local taxi companies that helps people find taxis using the Be app. It… Read more »

Vietnam Airlines resumes international commercial flights

Over 200 passengers arrived from Taipei, all paying from their pockets for quarantine and Covid-19 testing on landing. “This flight marked the restart of Vietnam Airlines’ inbound commercial flights after a period of… Read more »

Industrial property company Kinh Bac City eyes record profits

The company, which operates seven industrial parks in the north and one near Ho Chi Minh City, targets a 2.7-fold increase in revenues to VND6.6 trillion. In January, its industrial parks attracted $1.23… Read more »

FLC plans 70 pct capital hike through rights issue

The company will seek shareholders’ approval to issue nearly 500 million shares to them at a ratio of seven shares for every 10 they own at a price to be decided. Most of… Read more »

FPT Online to pay 200 percent dividend

Staff at FPT Online’s Hanoi headquarters. Photo by VnExpress. The cash dividend will be paid in April this year. The company’s revenue last year dropped 1.6 percent to VND599 billion ($26.04 million), and… Read more »

Vietnam Airlines on threshold of regular direct flights to US

A representative of the national flag carrier told VnExpress that a large number of Vietnamese citizens living in the U.S. wish to return home, but the carrier has already operated all repatriation flights… Read more »

Austrian firm seeks to locate $1.8 bln plants in Vietnam

AT&S Headquarter in Leoben city, Austria. Photo courtesy of AT&S. The plan was revealed at a Tuesday meeting between Austrian Ambassador to Vietnam, Thomas Schuller-Gotzburg, AT&S Chief Operating Officer Ingolf Schroeder and Prime… Read more »

Dat Xanh Group reports first loss in 15 years

The Ho Chi Minh City-based developer of apartment and officetel projects saw revenues halve to VND2.9 trillion. Costs quadrupled to VND858 billion. The company said the poor figures were mainly due to the… Read more »

Vingroup eyes $500 mln convertible bond issue in Singapore

The bonds will be issued this year and listed in Singapore, but will not be traded in Vietnam. The first ever international bond issuance by Vingroup, which has interests in property development, automobiles… Read more »

Japan’s Nipro to make Vietnam’s first ever dialyzers

It will take the total investment in the Nipro Vietnam plant at the Saigon Hi-Tech Park (SHTP) to $570 million. Nipro’s first medical manufacturing plant in the Vietnam-Singapore Industrial Park, Hai Phong City.… Read more »