VietJet Aviation Joint Stock Co. is in talks to become the first company in Vietnam to list its shares on a stock exchange overseas as the carrier, which controls more than 40 percent of the domestic airline market, seeks more funds after plans for billions of dollars in aircraft purchases. “We’ve been approached by some foreign stock exchanges including London, Hong Kong and Singapore, which expressed their interest in our stock,” Nguyen Thi Phuong Thao, VietJet’s founder and chief executive officer, said in an interview in Hanoi on Sunday. Thao said she will meet exchange officials in New York later this week.
British Airways schedule normalizing
British Airways’ flight schedule is slowly recovering as the carrier digs out of a massive computer failure that stranded thousands of passengers worldwide over the weekend and cast doubts on Chief Executive Officer Alex Cruz’s aggressive cost-cutting strategy. The U.K. carrier canceled 50 flights, or about 6 percent of the total 852 scheduled, to and from its main London Heathrow hub on Monday, according to the British Airways website. An additional 66 routes were delayed. That brings the total of flights scrapped at Heathrow and Gatwick airports since Saturday to 583.
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