Minh, 62, is also the founder and chairman of property developer Him Lam. His appointment came three days after the airline named a new chairman . Minh will be key to the restructuring of Bamboo Airways’ management and expansion, Chairman Nguyen Ngoc Trong said. Sacombank was one of the top lenders to Bamboo Airways and its parent company, FLC Group. Hundreds of millions of airline shares were used as collateral for loans at the bank under the reign of ex-chairman Trinh Van Quyet, who was arrested for allegedly manipulating the stock market . As of June 30, the group and its subsidiaries had finished paying off their VND1.8 trillion ($76.9 million) debt to Sacombank, according to FLC’s financial statements. Bamboo Airways currently operates nearly 170 flights a day on 40 domestic and 12 international routes. The carrier plans to continue launching new international services to tourism markets in Asia, Europe and Australia. It also plans to increase its fleet to 35 by … [Read more...] about Bamboo Airways names new senior advisor amid restructuring
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European Union working to increase economic, security ties in Pacific
The European Union is working to boost its presence in the Pacific through economic ties and new security commitments as geostrategic competition in the region intensifies, the bloc's ambassador to Pacific Island nations said on Tuesday. Ambassador Sujiro Seam told Reuters in an interview during a visit to New Zealand the EU had long been seen as a development partner in the Pacific and that it wanted to be perceived as an economic and strategic partner as well. The EU's push comes as major powers are vying for influence in the region, with the United States and Australia ramping up engagement in the Pacific after China signed a security pact with the Solomon Islands this year. "The geostrategic importance of the Pacific is recognised by everyone, including the European Union," Seam said. The European Union has long had a presence in the Pacific, mostly via France's ties to French Polynesia. In 2021, the European Union set out a formal Indo-Pacific strategy and announced a … [Read more...] about European Union working to increase economic, security ties in Pacific
