Vietnamese carrier Bamboo Airways has appointed a new chief executive following the departure of founding chief executive Dang Tat Thang.

The carrier’s new leader, Nguyen Manh Quan, has served as deputy general director since June 2020, says Bamboo.

Nguyen Manh Quan

Source: Bamboo Airways

Nguyen Manh Quan, Bamboo’s new chief executive

During his career Nguyen has mainly served in government agencies, with stints at state-owned Vietnam Airlines, Noi Bai Aviation, and Thien Minh Aviation.

According to VN Express, a local news outlet, Dang is also surrendering his post as vice chairman of property developer FLC Group, which owns Bamboo Airways.

The report says that Bamboo seeks new investors, owing to legal challenges faced by FLC.

Earlier this year, FLC chairman Trinh Van Quyet was arrested in Vietnam for alleged stock manipulation. The arrest of an FLC accountant followed a week later. Media reports suggested that the accountant, Trinh Thi Minh Hue, is Trinh Van Quyet’s sister.

Cirium fleets data indicates that Bamboo has 29 in-service aircraft, comprising three Boeing 787-9s, 21 A320 family jets, and five Embraer E190s.

Longer term, the carrier has ambitions to grow to 100 aircraft by 2028.