VietJet plans to sell 15% stake, raise $300m via international bond sale

FILE PHOTO: Vietjet aircraft prepare to take off at Tan Son Nhat airport in Ho Chi Minh city, Vietnam, August 19, 2018. REUTERS/Kham

Vietnam’s VietJet Aviation said on Tuesday it plans to sell a stake of up to 15% via a private placement and raise $300 million through an international bond sale to boost the budget airline’s financial capacity when travel markets revive.

The company’s shareholders had approved the plan at a meeting earlier on Tuesday, VietJet said in a statement.

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