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More board reshuffles at Viet Nam's Bamboo Airways

An extraordinary shareholder's meeting on September 15 saw more board upheaval at Bamboo Airways (QH, Hanoi), with three directors resigning and two replacements elected. Three members of the airline's supervisory board were also replaced. The resignations continue a period of board instability at Viet Nam's third-largest airline.

Citing documents released before the shareholders' meeting, multiple Vietnamese media reports said board vice chairman Hideki Oshima, Doan Huu Doan, and Tran Hoa Binh are exiting the board. At the meeting, the three gentlemen were replaced by Phan Dinh Tue and Thi Truc Quynh.

Tue also sits on the board of directors at the Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank), a major Bamboo Airways creditor. He told shareholders that Sacombank is eyeing a stake in the airline if it can get regulatory approval. He says that despite Bamboo's current challenges, the bank is optimistic about its future and watching the restructuring process. The second new board member, Thi Truc Quynh, is an internal promotion and works as Bamboo's deputy general director. Thi will be the only...

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