Lawmakers weigh Vietnam Airlines share issuance to raise $866mn

Vietnamese lawmakers on Monday are discussing options to allow the flag carrier Vietnam Airlines to raise up to 22 trillion dong ($866 million) selling new shares to its existing shareholders, state media reported.

"The additional funding would help the airlines to repay its debts stemming from the COVID pandemic and restore its financial capability," the transport ministry's Giao Thong newspaper said, without giving a timeframe for the possible share sale.

Vietnam Airlines is more than 86% owned by the government and 5.62% by Japan's ANA Holdings, according to LSEG data.