(VOVworld) - The low-cost airline Vietjet Air may carry out an initial public offering (IPO) in the second quarter of 2016, Bloomberg reported. 

It quoted Vietjet Air’s CEO Nguyen Thi Phuong Thai as saying in an interview on February 26 that the exact time for the IPO will depend on market developments domestically and globally. This is one of the airline’s moves to build global routes and become one of the leading budget airlines in Asia.  In 2015, VietJet Air served about 9.3 million passengers, up 66 percent compared with previous year. Revenue rocketed 205 percent to 488 million USD. The air carrier targets to double its revenue and increase passenger capacity to 15 million in 2016.