Vietnam Airlines auctions planes

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A Vietnam Airlines Aribus A321-200 plane prepares to land at Noi Bai International Airport in Hanoi on April 18, 2019. (Photo Reuters)

HANOI: Vietnam Airlines plans to sell 11 Airbus A321 jets through an auction as the Southeast Asian country’s flag carrier grapples with the economic fallout from the coronavirus pandemic.

The 86% government-owned airline said in an announcement on its website this week that interested buyers could submit offers by June 29.

“The aircraft auction, conducted between 2004 and 2008, is part of the airline’s efforts to rejuvenate its fleet and shore up its financial position during the pandemic,” state media quoted an unnamed Vietnam source as saying on Thursday. Airlines.

The airline did not immediately respond to a request for comment.

The airline posted a net loss of 4.97 trillion dong ($215.68 million) in the first quarter of this year, nearly double the loss of 2.61 trillion dong in the first quarter of 2020.

Vietnam’s Bamboo Airways, owned by real estate and leisure company FLC Group JSC, was interested in buying the newest of the planes offered in the auction, its chief executive Dang Tat Thang told Reuters.

“We are operating at full capacity right now and are looking to expand our fleet,” Thang said by phone.

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