Vietnamese carrier Bamboo Airways is looking to cut flights on some routes in a view to optimise resources and restructure operations.
Bamboo Airways cut flights
Vietnam based Full Service Airline Bamboo Airways is looking to cut frequency on some routes to optimise resource allocation and a further restructuring of operations.
The airline said that it is planning to adjust schedule and frequency on some of its routes in an attempt to restructure the fleet for resource optimisation and efficiency improvement towards sustainable development.
The airline will provide updates to the passengers who will be affected by these temporary adjustments prior to their flights. The airline did not indicate whether it will reduce fleet size along with routes.
According to aircraft tracking website Planespotters.net, the airline has a fleet of 30 aircraft. This fleet consists of 3 Boeing 787 Dreamliner, 12 Airbus A320, 10 Airbus A321 and 5 Embraer E190 aircraft.
The carrier in its statement said that this temporary adjustments are part of the currently ongoing restructuring process that the airline has been implementing to advance resource usage and enhance operational efficiency.
The airline is currently struggling financially. Many top management executives have resigned. In July month itself, Chief Executive Officer Nguyen Minh Hai, 4 Directors as well as the Chairman resigned. CEO did not even completed 2 months on this position. Now, Nguyen Ngoc Trung has replaced him.
Him Lam Group took the control of the airline as its strategic investor as previous owner FLC group faces legal and financial issues. Authorities arrested the Chairman of FLC in 2022 on allegations of stock manipulation. The stock exchange delisted the company in 2023.
About Bamboo Airways
Bamboo Airways is a Vietnamese airline that was founded in 2017 and commenced its operations in 2019. The airline’s headquarters is located in Hanoi, Vietnam, and it operates from its main hub at Noi Bai International Airport in Hanoi. The airline fleet consists of Airbus A320, Airbus A321, Boeing 787 and Embraer ERJ190 aircraft.
Source Credits : FlightGlobal