Vietnam’s ‘Bikini Airlines’ Gets $100 Million Funding Commitment As Earnings Soar

Vietjet Aviation—the budget carrier controlled by Vietnam’s first self-made female billionaire, Thi Phuong Thao Nguyen—said Tuesday it has received a $100 million funding commitment to support its fleet expansion amid a robust post-pandemic earnings recovery.

Preliminary agreements were signed during the third quarter with three Vietnam-based institutional investors, who are expected to complete the investment transaction this quarter, the company said, without naming the investors. The funding will help bankroll Vietjet’s investments in new aircraft, network expansion and support the airline’s growth, it said.