LG Innotek secures $200 million IFC loan following revenue drop
LG Innotek Vietnam Hai Phong secured a $200 million IFC loan as revenue slows, aiming to expand camera module production while meeting sustainability targets.
Bamboo Airways has confirmed an order for 10 787-9 Dreamliners valued at $3 billion according to list prices.
The order was unveiled during a signing ceremony this morning in Hanoi, witnessed by U.S. President Donald Trump and General Secretary and President of Vietnam Nguyen Phu Trong.
The Dreamliner will enable Bamboo Airways to launch long-haul operations to Asia, Europe and North America, said Trinh Van Quyet, Chairman of FLC Group and owner of Bamboo Airways
The Vietnamese airline plans on offering up to 40 domestic routes in 2019. Additionally, Bamboo is preparing to launch international service to Thailand, South Korea, Singapore, Japan, Taiwan and Australia, before broadening service to other destinations in Asia, Europe, and North America.
Bamboo Airways began commercial operations in January, offering flights linking the capital of Hanoi and Ho Chi Minh City with cities in Vietnam. The airlines is wholly-owned by the FLC Group, a Vietnamese multi-industry company, focusing on aviation, real estate, resorts, farming, and golf.
Kevin McAllister, president and CEO of Boeing Commercial Airplanes, claims the 787 Dreamliner's efficiency, range and flexibility make it the perfect airplane for Bamboo Airways to achieve its long-range ambitions to connect Asia with Europe, North America and beyond.
The 787 Dreamliner family allows airlines to fly long ranges while reducing fuel costs by more than 20 percent compared to previous widebody jets. The 787-9 can fly 290 passengers, in a typical two-class configuration, up to 14,140 kilometres.
Boeing said the 787 Dreamliner has received more than 1,400 orders from 75 customers since its launch, with nearly 800 Dreamliners having entered service around the world.
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