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Antaras
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Bamboo Airways plans IPO in 4Q2020, direct US flight at the end of 2021

Tue May 19, 2020 11:12 am

https://vietnamfinance.vn/chu-tich-trinh-van-quyet-bamboo-airways-du-kien-len-san-vao-quy-iv2020-tai-khoi-dong-duong-bay-my-cuoi-nam-2021-20180504224238716.htm?fbclid=IwAR25DgBGD8fUARgPIdnn-QWBBAObLKMg-VrJBXxrJC_lO-WhEnZzWI8EdrI?fbclid=IwAR25DgBGD8fUARgPIdnn-QWBBAObLKMg-VrJBXxrJC_lO-WhEnZzWI8EdrI
Bamboo manager said that:
- BAV will IPO on HOSE in the fourth quarter of this year. In fact BAV was due to debut on HOSE in the second quarter but the pandemic delayed everything.
I do not hope so much on BAV's IPO as all FLC Group family's stock prices are very bad and unstable, and I think that BAV will become the next one follow that trend. This not seems like a good choice for the investors.
- Lease more airframe to expand the fleet. QH is currently operating 1x A319-132, 6x A320-232s, 5x A320-251neo, 3x A321-211, 4x A321-251neo and 3x (+1) Boeing 787-9 (total 22 +1 789 due to be delivered). With a large number of carriers are shrinking and going to die, no doubt that QH would easily get good airframes. I saw large number of Interjet's neos are sitting in the storage.
- Besides that, Bamboo said that it will soon order [more than] 60 GEnx-1B engines for its order of 30 789 (or in fact 10 firmed and the remaining 20 are still in the MoU), worth $2 billions. Not a suprise as the currently 3 QH's 789 are GE-powered, and RR is obviously not a good choice.

Bamboo also said that it will "restart" its US project and it will fly to California (SJC, LAX or SFO) in YE2021 by the 789. Seems like it has scrapped the doubtful 777X plan.
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LostLuggage
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Re: Bamboo Airways plans IPO in 4Q2020, direct US flight at the end of 2021

Tue May 19, 2020 1:32 pm

Hopefully Vietnam's containment of the virus will reflect in a quicker resurgence of the domestic tourism market, in which FLC and the hopes for QH are heavily invested.
 
as739x
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Re: Bamboo Airways plans IPO in 4Q2020, direct US flight at the end of 2021

Tue May 19, 2020 3:41 pm

As much as I would like to see SJC get some love, I think this has SFO or LAX written all over it. IF, in this Post-Covid world, they are able to launch such service

LostLuggage wrote:
Hopefully Vietnam's containment of the virus will reflect in a quicker resurgence of the domestic tourism market, in which FLC and the hopes for QH are heavily invested.


I agree, they seem to have done a quick job of containment.
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bravotango75
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Re: Bamboo Airways plans IPO in 4Q2020, direct US flight at the end of 2021

Tue May 19, 2020 4:25 pm

They should add BOS to that list, a very important market, Boston.
 
FSDan
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Re: Bamboo Airways plans IPO in 4Q2020, direct US flight at the end of 2021

Tue May 19, 2020 9:07 pm

bravotango75 wrote:
They should add BOS to that list, a very important market, Boston.


Ha! Let's wait to see if West Coat-Vietnam service (where there's actually a huge market) is viable before we decide to throw 2nd tier East Coast markets into the discussion.
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KLMatSJC
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Re: Bamboo Airways plans IPO in 4Q2020, direct US flight at the end of 2021

Tue May 19, 2020 9:33 pm

as739x wrote:
As much as I would like to see SJC get some love, I think this has SFO or LAX written all over it. IF, in this Post-Covid world, they are able to launch such service

I do think SJC has a real chance. Most of the Vietnamese population in the Bay Area is in the South Bay. I really could see them choose SJC. I do think it would be either SJC or SFO, not both, along with LAX.
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Ishrion
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Re: Bamboo Airways plans IPO in 4Q2020, direct US flight at the end of 2021

Tue May 19, 2020 9:37 pm

KLMatSJC wrote:
as739x wrote:
As much as I would like to see SJC get some love, I think this has SFO or LAX written all over it. IF, in this Post-Covid world, they are able to launch such service

I do think SJC has a real chance. Most of the Vietnamese population in the Bay Area is in the South Bay. I really could see them choose SJC. I do think it would be either SJC or SFO, not both, along with LAX.


Did SJC offer incentives for LH, BA, CA, and HU? Could see them offering some for Bamboo if they go for it.
 
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KLMatSJC
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Re: Bamboo Airways plans IPO in 4Q2020, direct US flight at the end of 2021

Tue May 19, 2020 9:41 pm

Ishrion wrote:
KLMatSJC wrote:
as739x wrote:
As much as I would like to see SJC get some love, I think this has SFO or LAX written all over it. IF, in this Post-Covid world, they are able to launch such service

I do think SJC has a real chance. Most of the Vietnamese population in the Bay Area is in the South Bay. I really could see them choose SJC. I do think it would be either SJC or SFO, not both, along with LAX.


Did SJC offer incentives for LH, BA, CA, and HU? Could see them offering some for Bamboo if they go for it.

Here is the airport's incentive package that is advertised on their website: https://www.flysanjose.com/sites/default/files/Air%20Service%20Support%20Program%20Charts%209-25-18_0.pdf
A318/19/20/21/21N A332/3 A343/5 A388 B712 B722 B732/3/4/7/8/9/9ER B744/4M B752/3 B762ER/3/3ER/4ER B772/E/L/W B788 CRJ2/7/9 Q400 EMB-120 ERJ-135/140/145/145XR/175 DC-10-10 MD-82/83/88/90

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babastud
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Re: Bamboo Airways plans IPO in 4Q2020, direct US flight at the end of 2021

Tue May 19, 2020 9:56 pm

I don't think SJC is realistic. SFO will be the one, and a LAX route could also work.... BOS that's funny.
 
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Antaras
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Re: Bamboo Airways plans IPO in 4Q2020, direct US flight at the end of 2021

Tue May 19, 2020 11:15 pm

Seems like the two Vietnamese FSC (QH and VN) prefer SFO and LAX, while the only FSC is VJ eyes SJC.

I think that LAX or/and SJC would be chosen by those carriers.
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Antaras
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Re: Bamboo Airways plans IPO in 4Q2020, direct US flight at the end of 2021

Tue May 19, 2020 11:16 pm

LostLuggage wrote:
Hopefully Vietnam's containment of the virus will reflect in a quicker resurgence of the domestic tourism market, in which FLC and the hopes for QH are heavily invested.

I hope so. FLC has given up in a lot of field to invest in QH.
Hopes that Bamboo would become a real success.
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superjeff
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Re: Bamboo Airways plans IPO in 4Q2020, direct US flight at the end of 2021

Wed May 20, 2020 12:10 am

I'm not sure that a route from Vietnam to the U.S. would be totally aimed at VFR business; I think the yield would be too low. And I also think the second or third largest Vietnamese population in the U.S. is in Houston if they were looking at VFR.
 
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Antaras
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Re: Bamboo Airways plans IPO in 4Q2020, direct US flight at the end of 2021

Wed May 20, 2020 7:48 am

bravotango75 wrote:
They should add BOS to that list, a very important market, Boston.

Vietnamese carriers have no reasons to serve the East Coast at least in the next 10 years.
California is enough at this moment.
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Antaras
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Re: Bamboo Airways plans IPO in 4Q2020, direct US flight at the end of 2021

Wed May 20, 2020 7:54 am

superjeff wrote:
I'm not sure that a route from Vietnam to the U.S. would be totally aimed at VFR business; I think the yield would be too low. And I also think the second or third largest Vietnamese population in the U.S. is in Houston if they were looking at VFR.

Vietnamese carriers want to operate US flight as they saw East-Asia carriers such as KE, OZ, CI, BR, JL and NH have so much cash by operating Vietnam-US route with a stop in Korea/Japan/Taiwan.

About the Houston thing, yes so much Vietnameses are living in Houston but I think that V-carriers would prefer SJC or LAX. At least VN or QH would like to serve the whole CA state.
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gunsontheroof
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Re: Bamboo Airways plans IPO in 4Q2020, direct US flight at the end of 2021

Wed May 20, 2020 7:55 am

Antaras wrote:
bravotango75 wrote:
They should add BOS to that list, a very important market, Boston.

Vietnamese carriers have no reasons to serve the East Coast at least in the next 10 years.
California is enough at this moment.


And you're never going to see BOS launched before JFK. My money's on LAX...I feel like I've been reading Vietnam-California speculation since I was a lurker 16 years ago.
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Antaras
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Re: Bamboo Airways plans IPO in 4Q2020, direct US flight at the end of 2021

Wed May 20, 2020 8:22 am

gunsontheroof wrote:
Antaras wrote:
bravotango75 wrote:
They should add BOS to that list, a very important market, Boston.

Vietnamese carriers have no reasons to serve the East Coast at least in the next 10 years.
California is enough at this moment.


And you're never going to see BOS launched before JFK. My money's on LAX...I feel like I've been reading Vietnam-California speculation since I was a lurker 16 years ago.


Agree. I think that V-carriers will serve JFK and IAH before BOS.
In the next 20 years I guess, as the Vietnam-California things have been talked about 20 years ago and no one was able to actualization that dream. In term of technical: OK (VN and QH have bunches of 789 and 359). However in term of profitability...oops.

Have a look at VN's financial estimation on SGN-LAX, seems painful with $54 millions loss in the first year of service.
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I guess that we have to go on VNxCI or VNxNH codeshare flights to fly between US and VN in the next decade.
I don't trust QH could actualize this "American Dream", as it is still a financial-weak carrier.
Let see what QH would do with its fleet of 789, and the planned order of 777X.
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