VietNamNet Bridge - With a value of VND2.4 trillion, the deal between Vietnam Airlines and ANA Holdings is expected to make big changes to the aviation market. The airline sold 8.771 percent to the Japanese-owned ANA. During the equitization process, Vietnam Airlines, in collaboration with MS&CG, the consultancy firm, carried out a market survey, the first round in the process of selecting strategic investors. The consultant sent the teaser and NDA (non-disclosure agreements) to 19 investors, including 14 air carriers and five financial institutions. After one year of searching, Vietnam Airlines finally chose ANA Holdings Inc as its strategic investor. The memorandum of understanding (MOU) on the strategic cooperation was signed on January 12, 2016. On May 28, 2016, the two signed a cooperation agreement before Vietnamese and Japanese Prime Ministers. From July 1, ANA will officially become the strategic shareholder of Vietnam Airlines. Under the … [Read more...] about Who will benefit from the Vietnam Airlines – ANA Holdings deal?
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The Hanoitimes - To welcome the 6th anniversary of bilingual commercial website www.vietnamairlines.com, the Vietnam national flag carrier Vietnam Airlines will offer a special program for passengers from October 8-10. Hanoitimes … [Read more...] about Vietnam Airlines offers a special program
PM approves programme to prevent child injuries The Prime Minister has approved a programme to prevent children from having accidents from 2016-2020. It aims to see a decline in the rate of children falling victims to accidents to six per thousand and that of children killed in accidents to 1.7 per thousand. The programme also aims to reduce the number of children killed in road accidents by 25 percent and build five million safe houses, 10,000 safe schools and 300 communes with safe community standards. Communication work will be enhanced to raise the awareness of injury prevention among children, the community, relevant agencies and staff. Safe houses, schools, roads and communities will be built while consultation and treatment services will be provided for children and their families. The programme aims to spread the pilot models in a bid to develop a safe network for children while connecting relevant bodies to devise measures to prevent fatal drowning and traffic accidents. The … [Read more...] about Social News 20/2
PHOENIX, March 3 - Airbus is seeking airline support for a new 400-seat jetliner provisionally dubbed the A350-8000 as competition escalates with Boeing over the world's largest two-engined jets, airline and aviation industry sources said. After talking up the possibility of a new member of its A350 family, the European planemaker has swung into an active pre-marketing phase as it responds to a recent upgrade in the competing Boeing 777. While Boeing has scored successes in the Gulf with its biggest-ever twin-engined jet, the 406-seat 777-9, Airbus is expected to aim its design at airlines that do not always require the performance needed for extreme Gulf conditions. "It would have similar capacity and range (as the 777-9) and substantially lower seat-mile costs," Airbus sales chief John Leahy said in an interview on the sidelines of the Istat Americas air finance conference. "We are showing it to airlines right now." The project is the latest move in a game of leapfrog played by … [Read more...] about Airbus touts 400-seat ‘A350-8000’ jetliner
Ca Mau looks to increase shrimp exports The southernmost province of Ca Mau, which leads the country in shrimp farming, is likely to increase exports of this year, experts say. The province's shrimp exports reached a record high of US$800 million last year, according to the province's Department of Agriculture and Rural Development. Ngo Thanh Linh, deputy head of the department's Planning and Finance Division, said: "There are many positive signs for the export of this product [shrimp] in 2011. The clearest sign is that the export volume and value of shrimp so far this year have increased compared to the same period last year." Le Van Quang, general director of the Minh Phu Seafood Joint Stock Company, which led the country in shrimp exports last year, said they signed contracts last month to ship 2,000 tonnes of shrimp of various kinds. Last year, the company exported 23,871 tonnes of shrimp worth $248 million, exceeding its annual target by 50 per cent. Experts have also said that … [Read more...] about BUSINESS IN BRIEF 21/2