HO CHI MINH CITY -- Vietnam's low-cost carrier Vietjet Air will seek shareholder approval to raise the upper limit of foreign ownership to 49% from 30% at an annual general meeting on April 20.
Around 26% of the airline is now held by foreign owners, including a 5.4% stake held by Singapore sovereign wealth fund GIC. Vietjet will ask shareholders to vote for the new upper limit before filing the request to the authorities.
