Vietnam flag carrier at risk of insolvency if govt-backed loan is not extended

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The story "Vietnam flag carrier at risk of insolvency if govt-backed loan is not extended" was covered 5 days ago by Channel News Asia, a news publisher based in Singapore.

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Vietnam flag carrier at risk of insolvency if govt-backed loan is not extended - Channel News Asia

Quick Summary:

HANOI : National carrier Vietnam Airlines JSC is facing the risk of losing liquidity as early as July if the refinancing loan repayment deadline for its government-backed loan is not extended, the government said on Tuesday.

It has not completed refinancing efforts, such as restructuring non-core investments and sales of new shares due to regulatory approvals, the statement added.

"It is just one of the solutions to help Vietnam Airlines overcome difficulties, but is the most feasible and appropriate solution at the moment," the government said.