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The Ho Chi Minh City-based bank will own an 11 per cent stake in private carrier Air Mekong by becoming its strategic investor following an agreement signed on June 6.
The two-year-old airline will raise its registered capital to VND600 billion ($28.8 million) this year.
It will also finance Air Mekong in buying aircraft and chartering planes, in infrastructure development and commercial.
Meanwhile, in May Eximbank signed a credit agreement to lend $100 million to Vietnam Airlines to help it purchase four Airbus A321 passenger jets this year.
The 10-year loan will help the national carrier take delivery of the four aircraft, part of its order for 26 Airbus planes during 2011-2014.
This is the first contract between the lender and Vietnam Airlines.
Eximbank CEO Truong Van Phuoc said the bank would continue to fund the carrier’s long-term investment activities.