On 25/9, Bamboo Airways held its second extraordinary general meeting in Hanoi at its former headquarters in the Cau Giay district, the same building used when FLC Group was the primary investor.

At the meeting, Bamboo Airways chairman Le Thai Sam acknowledged that the airline's two-year restructuring plan had fallen short of its initial goals.

Following the restructuring of its fleet, Bamboo Airways now operates only 7 Airbus 320/A321 aircraft, serving 12 domestic routes. International scheduled flights have been suspended, with the airline maintaining only charter flights.

Previously, the airline boasted a fleet of 30 aircraft, including wide-body, narrow-body, and regional jets. It served 21 out of 22 domestic airports with 66 routes and 15 regular international routes.

Given these outcomes, Le Thai Sam stated that continuing to own and manage Bamboo Airways exceeded the financial and administrative capacity of the current investor group. He therefore proposed that FLC Group, the airline's founding investor, reassume ownership and management.

Sam explained that after managing the company, the investor group realized the unique challenges of the airline industry. "External challenges significantly impacted Bamboo Airways' business performance, beyond the control of shareholders and management," he said.

After careful consideration, FLC Group agreed to resume control of Bamboo Airways.

FLC founded Bamboo Airways in mid-2017, with the airline's first commercial flight taking off in early 2019. In 5/2023, the airline separated from FLC after the group transferred its entire stake to Le Thai Sam.

Bamboo Airways' extraordinary general meeting on the morning of 25/9 was held at 265 Cau Giay building in Hanoi. Photo: Anh Tu.

The chairman also informed the general meeting of the plan to transfer all shares from the investor group represented by Le Thai Sam to FLC Group. He requested the general meeting to direct the board of directors and executive board to assist with the necessary procedures, ensuring compliance with all legal regulations.

Le Thai Sam will continue to serve as chairman and is committed to taking responsibility for Bamboo Airways' performance during this new restructuring phase.

Sam joined Bamboo Airways in 2022 and quickly became its largest shareholder. He served as chairman from 7/2023 to 2/2024, then as permanent vice chairman. In 8/2025, he returned to the role of chairman.

The general meeting agreed to halt the current restructuring plan and the 2024-2028 business plan. Instead, FLC Group will focus on developing a new plan for the airline's growth from 2026 to 2030.

The general meeting also approved the establishment of a risk provision fund and a plan to finalize all existing investments and loans of Bamboo Airways.

Anh Tu