VietJet Air 2017 outlook: IPO to fund accelerated international expansion as competition intensifies
VietJet Air is poised for another year of milestones and rapid growth in 2017. The Vietnam based airline group's fleet will reach 50 aircraft and should surpass 20 million annual passengers in 2017 - remarkable achievements for a company that is only six years old.
VietJet also plans to complete an initial public offering in Feb-2017 with a listing on the Ho Chi Minh Stock Exchange. The IPO raises capital to help finance a massive order book of nearly 200 additional aircraft.
However, the airline faces challenges in 2017 as the group accelerates expansion in a highly competitive international marketplace. VietJet, which turned five years old on 25-Dec-2016, has focused mainly on domestic services in Vietnam but is banking on its JV in Thailand and a much larger international operation to drive its next phase of growth.
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