Vietjet bags Best Vietnam Deal award

first_imgVietjet bags ‘Best Vietnam Deal’ awardVietjet bags ‘Best Vietnam Deal’ awardVietjet Aviation Joint Stock Company (HOSE: VJC) was recently presented the ‘Best Vietnam Deal’ award in recognition of its successful IPO held in early 2017 by Finance Asia, Asia’s leading finance publication.A true testament to Vietjet’s well executed IPO as well as the airline’s subsequent accomplishments throughout the year, the award successfully lifts Vietjet and other Vietnam based companies’ position in the global capital market.The Finance Asia Awards, one of the world’s leading awards in the regional finance industry, recognises the region’s most significant transactions and the financial institutions that advised on them. Mr. Chu Viet Cuong, a member of Vietjet’s Board of Directors, received the award on behalf of the airline.Valued at a total of US$164 million, Vietjet’s IPO was executed under the guidance of widely acclaimed law firms and financial institutions over a period of nearly 800 days (listed on HOSE on 28 February 2017) and followed all international Regulation S IPO standards.Earlier last year, Vietjet was also honoured at the M&A Awards 2016-2017 as “The IPO Deal of the Year 2017” and “The Company with the Best M&A Information Disclosure” as part of the Vietnam M&A Forum 2017.Furthermore, Vietjet’s 2016 annual report also received the Platinum Award at the Vision Awards 2016 held by the League of American Communications Professionals (LACP) in the beginning of 2017. The airline ranked fourth amongst the nominees in the Asia Pacific region and 11th out of 100 worldwide participating businesses. Entitled ‘The Flight to the Future’, the 150-paged annual report, was graded with top scores under the criteria for First Impression, Letter to Shareholders, Report Financials, and sustainable development programs.Source = Vietjetlast_img read more

Go back to the enewsletter A joint venture revenu

first_imgGo back to the e-newsletterA joint venture revenue-sharing agreement has been formed between United Airlines and Air New Zealand. The agreement strengthens the partnership netween the two carriers who are both members of Star Alliance.Closer coordination of sales and marketing will be carried out under the new agreement, with the aim to offer their mutual customers enhanced travel options throughout the airlines’ route networks, and particularly those routes between the U.S and New Zealand.“This joint venture will allow us to work more closely with Air New Zealand to optimize our trans-Pacific schedules and offer more convenient flight choices to our customers in both the U.S. and New Zealand,” said Jim Compton, United’s vice chairman and chief revenue officer.“We look forward to continuing to work with Air New Zealand, an industry innovator and leader, to further grow our business in ways that will benefit our mutual customers.”The arrangement will begin on 1 July 2016 when United Airlines launches its nonstop service between San Francisco and Auckland, subject to government approval.“Air New Zealand is delighted to be working even more closely with our long standing partner to further grow the potential of the U.S. market,” said Christopher Luxon, Air New Zealand’s Chief Executive Officer.“We know that New Zealand is a popular destination for American leisure travelers. By working more closely with such a strong home market carrier as United we look forward to welcoming even more American visitors to enjoy our unique Kiwi tourism experience.”Go back to the e-newsletterlast_img read more