ANA To Buy 8.8% Stake In Vietnam Airlines

The ANA Group, Japan's largest airline group, has entered into a memorandum of understanding (MoU) with Vietnam Airlines to buy a 8.8% stake in the carrier for around $108m.

<p>The ANA Group, Japan's largest airline group, has entered into a memorandum of understanding (MoU) with Vietnam Airlines to buy a 8.8% stake in the carrier for around $108m.<p>In a statement released on Tuesday (January 12), ANA said the stake allows both parties to capitalise on the growing demand for air travel in the Asian market and countries such as Myanmar, Laos and Cambodia.<p>Pham Viet Thanh, chairman of Vietnam Airlines, said: "The cooperation with ANA Group will help Vietnam Airlines acquire new management technologies, expand the market, improve service quality, increase competitiveness in international markets."</p>

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