VietJet seeking IPO to become 'Emirates of Asia'

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 Viet-nam's only privately owned airline, said on Friday. The company has not finalised how much it wants to raise and could offer as much as a 30 per cent stake, the regulatory limit for foreign holdings, she said.