Based in Hanoi, Vietnam Airlines is the national airline of Vietnam and majority-owned by the Vietnamese government. Vietnam Airlines operates an extensive network of domestic and regional services within Southeast and North Asia and international services to Europe and Australia. Vietnam Airlines joined the SkyTeam alliance in 2010. Vietnam Airlines is undergoing a privatisation process, with the carrier aiming to secure foreign investors. On 04-Jul-2016, ANA Holding Inc completed the purchase of an 8.771% stake, allowing ANA to become a strategic shareholder. Vietnam Airlines stated it will continue to divest the state's shareholdings to 75%, with a further reduction to 65% under the company’s re-structure plan. The state continued the programme by listing the airline on the Hanoi Unlisted Public Company Market (UPCoM) under the ticker HVN on 03-Jan-2017.
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