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After Sacombank, MSB also announced the seizure of hundreds of collateral assets to address Bamboo Airways' debt from May 10 due to a violation of the debt repayment obligation. Vietnam Maritime Bank (MSB) said it will seize the collateral to recover the debt in accordance with the terms of the mortgage contract signed with Bamboo Airways Joint Stock Aviation Company. The assets include 387 land-use rights and land-attached assets at the Dak Đoa complex, Nhơn Hội Ecological Tourism and Resort Urban Area (Gia Lai) and FLC Sam Son Ecological Tourism and Resort Urban Area (Thanh Hóa). All assets are listed under the name of FLC Group. Earlier this month, Saigon Joint-Stock Commercial Bank (Sacombank) also announced the seizure of collateral for the bad debt at Bamboo Airways, after both borrower and guarantor failed to fulfill payment obligations. The seized assets are land-use rights of more than 86,300 square meters in Dak Đoa, Gia Lai. Sacombank said it had sent requests for voluntary handover of the assets by the borrower and guarantor before March 27, but there was no response. Therefore, the bank plans to seize the assets from April 22 to June 22. Bamboo Airways was established by FLC in mid-2017 and operated its first commercial flight in early 2019. At its peak, Bamboo Airways operated 30 aircraft, including long-range widebodies. In May 2023, the airline split from FLC after the group transferred all ownership shares of the airline to a group of shareholders represented by Mr. Le Thái Sâm. By the end of September 2025, Mr. Sâm, then in the role of Chairman of Bamboo Airways’ Board of Directors, said that the airline's restructuring plan over the past two years had not succeeded and urged FLC to take back ownership and management. FLC is in the process of restoring the airline's operations and scale. The group aims to bring the fleet back to 30 aircraft. In the medium term, the airline plans to add 8-10 aircraft per year to accelerate development of its network toward 2030.
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