TASECO Airs 2022 Shareholders' Meeting: Determined to break through, recover and develop

Recently, Taseco Air Services Joint Stock Company (Taseco Airs), stock code AST - HOSE, successfully held the 2022 Annual General Meeting of Shareholders.

Improve the quality of human resources

Summing up business activities in 2021, this enterprise achieved consolidated revenue of 154 billion VND, down 57.1% compared to 2020, pre-tax profit was negative 128.4 billion VND.

Explaining the above decline, the leader of Taseco Airs said that because most international commercial flights were suspended, while domestic flights were only operating at a low level due to the development of the epidemic, the business activities of the entire system faced many difficulties.

However, in that situation, Taseco Airs determined that after many years of strong growth, this is a quiet time for the Company to focus on organizing training to improve the quality of existing human resources, perfecting the organizational management apparatus and the administrative system.

The company strives to implement good policies, support employees affected by the epidemic and prepare the best human resources for the recovery of the aviation industry.

In addition, the company also focuses on new investments and seeks opportunities to expand market share at potential airports.

In 2021, Taseco Airs developed 5 new business locations, bringing the total to 105 locations at 7 major international airports nationwide, opened 1 more VIP Lounge in Da Nang, especially the duty-free business segment has been operating at 4 airports.

Talking about expectations for 2022, the leader of Taseco Airs said that although facing many challenges such as high inflation globally, political instability in Eastern Europe, etc., the aviation industry has shown positive signs of recovery.

Recovery development

With most domestic routes being exploited with flight frequency, passengers flying increasing significantly, some international routes from key markets such as Korea, Japan, Europe... have been restored, Taseco Airs built a plan for 2022 with total revenue of 632.7 billion VND and pre-tax profit of 23.5 billion VND, a sharp increase compared to 2021.

Responding to shareholders' questions regarding cash flow, the company's leader said that Taseco Airs always manages cash flow in a transparent and effective manner. By the end of 2021, the deposit balance was about 165 billion VND and is expected to increase to about 185 billion VND by the end of 2022.

Along with the reopening of domestic and international flights, Taseco Airs has also gradually reopened its business locations. As of June 2022, Taseco Airs has reopened 72 business locations across the system and is moving towards reopening all business locations in the third quarter of 2022.

Mr. Le Anh Quoc - Vice Chairman of the Board of Directors, General Director of Taseco Airs shared that the Board of Directors is confident in completing the plan submitted to the General Meeting of Shareholders because it has carefully calculated based on forecasts from domestic and foreign aviation organizations as well as the actual situation of flight route recovery and domestic and international passenger volume.

“The Company’s important goal in 2022 is that in addition to participating in bidding to invest and expand new business locations at airports, Taseco Airs will continue to promote M&A activities with promising units in the same industry. It can be said that Taseco Airs’ resources are always ready to promptly respond to the resurgence of the aviation industry, determined to make a breakthrough to recover and develop,” said Mr. Le Anh Quoc.

The Congress also elected the Board of Directors for the 2022-2027 term, consisting of 07 members, including: 3 members from Taseco Group, Mr. Lars Kjaer from PENM IV Fund, Mr. Kim Hongjin from STIC Fund was newly elected to replace Mr. Seon Han Bae and 2 independent members of the Board of Directors according to the provisions of law.

The Congress also unanimously voted to approve the reports and proposals submitted by the Board of Directors and the Board of Management to the Congress and approved the Minutes and Resolutions of the Congress with an almost absolute consensus rate.

According to diendandoanhnghiep.vn