Japan's ANA to buy 8.8% stake in Vietnam Airlines Corp

Japan's ANA to buy 8.8% stake in Vietnam Airlines Corp

Visual from the Vietnam Airlines

Vietnam Airlines Corp. will sell an 8.8 percent stake to ANA Holdings Inc., owner of Japan’s biggest airline, the Vietnamese carrier’s chief executive officer said.

The operator of All Nippon Airways will pay $109 million for its stake, with the deal set to close sometime between March and June, Pham Ngoc Minh said in a telephone interview Tuesday. The two airlines will discuss more stake sales later, he said.

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