Vietnam’s ‘bikini’ carrier seeks IPO

HANOI: VietJet Aviation Joint Stock Co, the Vietnamese carrier known for its bikini-clad flight attendants, may hold its initial public offering as early as the second quarter as it plans to build global routes and become a top budget airline in Asia.

The IPO’s exact timing will depend on market developments domestically and globally, Nguyen Thi Phuong Thao, chief executive officer of Vietnam’s only privately-owned airline, said in an interview on Friday. The company hasn’t finalised how much it wants to raise and could offer as much as a 30% stake, the regulatory limit for foreign holdings, she said.