The national carrier Vietnam Airlines has gained the approval of the HCM City Stock Exchange to list its 1.4 billion shares on the southern bourse.
A female pilot of Vietnam Airlines
Vietnam Airlines launched its initial public offering (IPO) in 2014. The largest shareholder at the time was the Ministry of Transport with 86% of the capital. In 2016, Japan’s biggest airline ANA Holdings bought an 8.8% stake in Vietnam Airlines for USD108 million.
Last year, the carrier posted a record-high revenue of VND96.8 trillion (USD4.2 billion), up 17% on-year. Its pre-tax profit for 2018 rose 34% on-year to VND3.24 trillion (USD140.9 million).
By late December last year, Vietnam Airlines had 1,118 pilots with 75.67% being Vietnamese pilots.
The average salary of the firm’s pilots in 2008 was estimated at VND132.5 million, up 9% on-year.
Meanwhile, Vietnam Airlines’ flight attendants received a monthly average salary of VND28.9 (USD1,256) million in 2018, up 2.4% on-year.
The salary for staff in other positions, except for those at the board of directors, was VND28.8 million per month, up 19.4% on-year.