Merger and acquisition (M&A) activities might potentially occur at slower pace and lower frequencies in the remaining two quarters of 2019 as a result of the scarcity in clean and clear projects readily available to invest.
A joint venture between FLC Group and Lotte Land has been formed in early June with a chartered capital of over $24 million to invest in a real estate project in Hanoi.
Bamboo Airways, the airline owned by FLC Group, has got the green light from the Ministry of Transport (MoT) to raise its fleet to 30 aircraft by 2030.
The Hanoi-based developer is seeking opportunities to expand real estate business in the northern port city.
The private airline plans to start international flights to Singapore and Japan in the next couple of months.
The Prime Minister has formally approved the proposal of the Ministry of Transport on the licensing of air transportation business for Bamboo Airways, a member of the FLC Group.
The new airline Bamboo Airways, owned by FLC Group, has just announced that its first commercial flight will be moved to the fourth quarter of this year other than on this October 10 as initially scheduled.
The high-tech pharmaceutical complex project invested by FLC Group is expected to be built on an area of over 500 hectares in Van Don district, Quang Ninh province.
At Quang Binh Investment Promotion Conference held on August 27, Quang Binh People's Committee granted investment registration certificates and investment cooperation agreements for 66 projects with a total investment of VND162,250 billion, equivalent to $7.05 billion, of which FLC Group pledged to make an estimated investment of $2.71 billion.
Bamboo Airways' first flights are scheduled in October and the airline plans to open 37 domestic and international routes in the near future.
A series of resort property projects that FLC Group has been developing will enable Bamboo Airways to become more competitive in Vietnam's rapidly growing aviation market.
According to the recent resolution of FLC Group’s Board of Directors, the Group plans to increase Bamboo Airways' charter capital by $26 million, an increase from $30.4 million to $56.4 million.
This commitment in $5.6 billion deal marks the first widebody long-haul airplanes for FLC Group-owned Bamboo Airways.
On May 10, 2018, FLC Group entered into the Memorandum of Understanding (MoU) with Best Western, a hotel management brand from the US.
