Monday, April 23, 2007

Traveland to raise $3.1m for expansion

Traveland to raise $3.1m for expansion

(21-04-2007)

HCM CITY — Joint stock company Traveland Vietnam plans to increase its capital from VND3 billion to VND50 billion (US$3.1 million) in the third quarter of the year.

General director Nguyen Thanh Hai said the capital would help his company expand its services. The company hopes it can help Continental Airlines open its direct US – Viet Nam flights soon.

Traveland aims to join the International Air Transport Association this year and become a distributor of major tours from Australia, America and Europe to Viet Nam.

The 10-year-old company is a ticket agent for various carriers including Vietnam Airlines, Continental and Singapore Airlines. It also books hotels and tours worldwide. — VNS

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