Bamboo Airways Joint Stock Company: A Comprehensive Overview

Company Overview

Bamboo Airways Joint Stock Company (Bamboo Airways JSC) is a privately held airline operating in Vietnam. The company was established on May 31, 2017, and is registered in Binh Dinh Province. It specializes in passenger air transport, aiming to provide high-quality airline services with a strong focus on customer satisfaction.

Latest Leadership Update

As of 2024, Mr. Phan Dinh Tue serves as the Chairman of Bamboo Airways, overseeing its strategic direction and business operations. The General Director is Mr. Luong Hoai Nam, while Mr. Nguyen Thuong Hoang Hai holds the position of Deputy General Director.

Financial Performance & Key Statistics (2023)

• Total Assets: $751.11 million (+36.62% YoY)
• Total Sales: $509.14 million (+5.63% YoY)
• Owner’s Equity: $121.51 million (+164.78% YoY)
• Profit: -$8.08 million (Improved by 99% from 2022)
• Net Worth: $120.56 million
• Working Capital: -$43.24 million
• Number of Employees: 1,500

Bamboo Airways has seen significant growth in equity and profitability improvement over the past year, although financial challenges remain.

Business Operations & Locations

• Headquarters: Zone 4, Nhon Ly - Cat Tien Beach Tourist Area, Quy Nhon City, Binh Dinh Province, Vietnam
• Hanoi Branch: Long Bien Golf Club Building, Long Bien District, Hanoi
• Ho Chi Minh Branch: No. 6, Tan Son Street, Ward 12, Go Vap District, Ho Chi Minh City

Business Activities

The airline primarily provides air passenger transport but is also involved in various retail and transport-related services, including:

• Retail sale of textiles, clothing, footwear, electronics, and cultural goods
• Mining operations (hard coal, iron ores, stone, gravel, and clay)
• Sea and coastal passenger water transport

Shareholders & Ownership Structure

• Le Thai Sam: 53.59% (major shareholder)
• Doan Huu Doan: 16.85%
• National Citizen Commercial Joint Stock Bank (NCCB): 7.74%
• Trinh Van Quyet: 7.63%
• Other Shareholders: 14.19%

Following a debt-to-equity swap in May 2023, Le Thai Sam became the largest shareholder, consolidating control over Bamboo Airways.

Vanguard Business Information LLC & Bamboo Airways

 Vanguard Business Information LLC (VBI), a leading provider of business intelligence, financial analysis, and risk assessment services, closely monitors Bamboo Airways' business and financial performance. VBI offers in-depth company reports on Bamboo Airways and other key Vietnamese businesses, ensuring transparency and reliability for investors, lenders, and business partners.