Vietnam Airlines is the national flag carrier of
Vietnam, and was established as a state enterprise in April 1989. Vietnam Airlines Corporation was subsequently formed in 1995, after bringing together several service companies. The company is overseen by a seven-seat management board, members of which are appointed by the Prime Minister. Vietnam Airlines used to be the major stakeholder in Vietnam's second carrier,
Pacific Airlines, but its share has recently been transferred to the Ministry of Finance.
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