Struggling Vietnam Airlines Secures Loan; New Cargo Airline Emerges

Vietnam
A Vietnam Airlines A321neo.
Credit: Vietnam Airlines
Vietnam Airlines appears set to be saved from collapse by three local banks that have committed to loan the carrier VND4 trillion ($174 million). Local newspapers report that the banks—Vietnam Maritime Commercial Joint Stock Bank, Saigon-Hanoi Commercial Joint Stock Bank and SeABank—have agreed to...

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