Exclusive-Vietnam's Bamboo Airways struggling to pay pilot wages; some depart

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Exclusive-Vietnam's Bamboo Airways struggling to pay pilot wages; some depart
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Some pilots have left Vietnam's restructuring Bamboo Airways in the last two months after late payments in salaries, according to two people familiar with the matter. About 30 foreign pilots departed during that time, more than 10% of the airline's total pilot staff in June, according to one of the people, who declined to be identified as the information was not public. Embattled Bamboo, Vietnam's No. 3 airline, said in a statement to Reuters that it has undertaken drastic restructuring and those efforts encompass its route network, fleet and human resources.

3 min readBy Francesco Guarascio and Khanh Vu

About 30 foreign pilots departed during that time, more than 10% of the airline's total pilot staff in June, according to one of the people, who declined to be identified as the information was not public.Embattled Bamboo, Vietnam's No. 3 airline, said in a statement to Reuters that it has undertaken drastic restructuring and those efforts encompass its route network, fleet and human resources.

Messages seen by Reuters from an internal company chat forum that management uses to communicate with foreign pilots show some salary payments have been late. Bamboo also said in statements to Reuters that it is operating stably and is planning to raise capital from strategic shareholders. It said one of its major financial backers, Vietnam's Sacombank, had expressed confidence in its long-term prospects and the desire to increase its investment in the airline.

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