The national flag carrier described 2016 business growth as its best-ever achievement, informing shareholders that it operated nearly 140,000 safe flights, carrying more than 20.6 million passengers, respectively increasing by 13 percent and 21 percent, in 2016.

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 At the meeting. Photo: congluan.vn
The firm earned over VND 2.6 trillion (USD 114.4 million) in pre-tax profit, up 1.5 times from the previous year.

The post-tax profit allocated to Vietnam Airlines is nearly 1.74 trillion VND (76.56 million USD), VND 736.52 billion (USD 32.4 million) of which will be given to shareholders as dividend payments.

While labor productivity continued to grow in 2016, the carrier’s employees benefited from higher salaries, up 4.7 - 12.8 percent from a year before, Vietnam Airlines noted.

At the meeting, participants also approved a plan to offer an additional more than 191 million shares at VND 10,000 each for current shareholders.

This offering is expected to bring about over VND 1.91 trillion (USD 84 million) for Vietnam Airlines to cover the purchase of Boeing 787-9 and Airbus A350-900 XWB airplanes and other business activities.

In 2017, the company aims to serve more than 22.5 million passengers and gain VND 87.9 trillion (nearly USD 3.87 billion) in consolidated revenue.

Source: VNA