Gov’t intervention may be needed to save Vietnam Airlines: KPMG

Financial services firm KPMG, which audited the half-yearly report of Vietnam Airlines, has said financial support from the government may be needed to keep the national carrier afloat, The Leader is reporting.

It also notes that in the first half of the year the airline

• Had an after-tax loss of US$57 million;
• Had overdue payables that had reached more than US$608.1 million; and
• Was negative equity to the tune of US$514.3 million.