Vietnam Airlines puts stake sale on hold
29 Jul 2008
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The sale of a 10-20 per cent stake in Vietnam Airlines, the country's flag carrier, to foreign investors is now unlikely to take place before 2009, according to government officials. They also said sale could be postponed even longer if the Vietnamese economy continued its decline.
With the carrier reporting a first half loss of $5 million, plans for it to fly to the United States may also be in jeopardy.
The airlines' privatisation plans involved selling a percentage of the Government's stake to three or four strategic overseas investors.
