At an extraordinary meeting on 7/5, Bamboo Airways' shareholders approved the resignation of two board members, Phan Dinh Tue and Le Thi Truc Quynh, who submitted their resignations to focus on other pursuits.
To replace them, shareholders elected Pham Ngoc Vinh and Vuong Cong Duc to the board. Mr. Vinh, born in 1970, has over 25 years of experience in investment and real estate, holding senior leadership positions in various companies. He previously served as an advisor to Bamboo Airways' board.
Mr. Duc brings nearly 30 years of experience in law, finance, and banking. He has served on the board of Ban Viet Bank and as chairman of the board of Ba Ria - Vung Tau International Tourist Service Company. He currently sits on the board of Sacombank.
Mr. Duc will take over Mr. Tue's responsibilities at Bamboo Airways. Both are representatives of Sacombank, a key partner in the airline's restructuring process.
Bamboo Airways' board of directors for the 2023-2028 term now consists of five members: Pham Ngoc Vinh, Vuong Cong Duc, Le Thai Sam, Nguyen Ngoc Trong, and Le Ba Nguyen.
On 7/7, a Bamboo Airways representative stated that the board would convene as soon as possible to elect a new chairman, ensuring the leadership structure is complete and operations run smoothly.
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Vuong Cong Duc (third from left) and Pham Ngoc Vinh (third from right). Photo: Bamboo Airways |
Vuong Cong Duc (third from left) and Pham Ngoc Vinh (third from right). Photo: Bamboo Airways
At a recent meeting, CEO Luong Hoai Nam reported that since the restructuring plan began in 11/2023, Bamboo Airways has completed over 80% of its targets regarding fleet restructuring, route network, personnel, and ground services. Last year, the airline safely operated over 17,000 flights with a seat occupancy rate of approximately 85.5%. These figures closely align with the company's objectives.
Bamboo Airways' losses decreased significantly last year due to restructuring measures. Mr. Nam noted positive operational developments in the first half of this year. The airline is nearing its operational break-even point for 2025 as planned, paving the way for future profitability.
Bamboo Airways' leadership also stated they have been actively meeting with domestic and international financial partners and investors to secure additional financial resources for the next phase, though specific terms have not yet been finalized.
Anh Tu
