Bamboo Air’s New CEO Seeks Investors as Network and Fleet Shrink
- Nam became chief executive of Vietnamese airline in October
- Aims to reduce workforce costs by 60% through the end of March
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Vietnam’s Bamboo Airways JSC is rebuilding under its new chief executive officer, who is intent on proving the indebted six-year-old carrier has a future after shedding two-thirds of its fleet and 80% of its network.
“We need our passengers to believe in our future,” Luong Hoai Nam said in an interview with Bloomberg News. “We need to make our investors, shareholders and potential investors believe in our future. We definitely have to move fast.”