The Vietnam-based budget carrier Jetstar Pacific’s executive board has approved a decision to increase its chartered capital to more than 1.3 trillion VND from 727 billion VND.
The Vietnam-based budget carrierJetstar Pacific’s executive board has approved a decision to increaseits chartered capital to more than 1.3 trillion VND from 727 billionVND.
The increase will be implemented by issuing more shares to existing shareholders.
The State Capital Investment Corporation (SCIC) now holds the lion’sshare, 69.93 percent of Jetstar Pacific, while the Australian airlineQantas has 27 percent as a strategic shareholder.
According to Jetstar Pacific, the budget airline has also adopted aplan to upgrade its fleets of aircraft in order to meet passengers’demand and prepare for its plan to expand its international network ofair routes to regional countries.
Under the plan, the airline will wrap up the upgrade of its fleet andperform final technical checks in Singapore by the end of next month.
With a fleet of six A320 and Boeing 737-400 aircraft, Jestar Pacific conducts about 280 domestic flights a week./.
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