Vietnam’s FLC looking to buy 24 Airbus planes — despite having no airline licence
Hanoi — Vietnamese property developer FLC Group said on Tuesday that it wants to buy 24 Airbus A321neo aircraft for its planned Bamboo Airways operation up until 2025, a deal potentially worth $3bn. The announcement signaled an increasingly ambitious plan to invest in Vietnam’s fast-growing aviation industry by FLC, which said last year in an interview with Reuters that it plans to lease about seven aircraft by 2018 from Airbus. Hanoi-based FLC, whose main businesses are housing, resorts and golfing, has not yet obtained a licence to operate an airline, and said in a statement it is waiting for the Vietnamese government to approve its application. "After studying and carefully scrutinising the options, FLC Group and Bamboo Airways have decided to order 24 aircraft from Airbus ... until 2025," FLC chair Trinh Van Quyet said in the statement. "After operating and testing performance, we will calculate the options to co-operate further." FLC expects to buy a further 24 Airbus A321 long...
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