Hanoi (VNA) –Before-tax profit of Bamboo Airways is estimated at 303 billion VND (13.1million USD) in 2019, which is expected to surge to 1 trillion VND this year,said the carrier’s General Director Dang Tat Thang.

It also plans to list on HoChi Minh Stock Exchange in the second quarter of this year.

The carrier has mapped out aplan to launch initial public offering at a starting price of 60,000 VND pershare, and expected to reach 1 billion USD worth of capitalisation.

It is also choosing strategicinvestors among potential and experienced investors from the US, Japan andEurope with an aim to sell not below 160,000 VND per share.

Last year, Bamboo Airways rannearly 20,000 flights with about 3 million passengers and punctuality rate ofover 94 percent.

In late 2019, it received thefirst Boeing Dreamliner 787-9, becoming the first private airline in Vietnam touse wide-body aircraft. The airline was also awarded the Operational Safety Audit (IOSA) certificate from the InternationalAir Transport Association (IATA) within nearly one year since its establishment.

The airline set the goal ofachieving 30 percent of domestic market share this year, expand its network to85 routes, including 60 domestic and 25 foreign ones. Its fleet will also beextended from the current 25 aircraft to 100, with 12 wide-body BoeingDreamliner 787-9./.