Vietnam’s airlines forecast for explosive growth to 2030
June 1, 2021
Pre-pandemic, Vietnam was among the top ten countries in the world for passenger growth to 2040. Its passenger and cargo traffic, in a nation with a population of 101 million, recorded average growth of up to 17% from 2012 to 2019.
Airports Corporation of Vietnam (ACV) said more than US$1 billion was invested in airport infrastructure from 2016 to 2021, but the sector would need another [estimated] $5.2 billion to 2026 to meet aviation infrastructure targets.
Feb 9, 2021
The new-age carrier Vietjet has received two more Airbus A321neo ACF aircraft, further expanding its young and dynamic fleet. The two 240-seat aircraft were immediately cleaned and disinfected thoroughly as per regulations upon arriving at Tan Son Nhat International Airport in Ho Chi Minh City, and are now ready to take off to meet the travelling peak during the Lunar New Year holiday.
January 30, 2021
Vietnamese airlines’ on-time performance (OTP) from December 19, 2020 to January 18, 2021 reached 95.4 percent, a year-on-year rise of 9.7 percentage points, according to the Civil Aviation Authority of Vietnam (CAAV).
Vietnam Expands Rules On Maintaining Long-Term Stored Aircraft
January 24, 2021
Vietnam has moved to expand its rules on long-term aircraft storage, requiring planes to be in service at least once a month. Airlines will now have to rotate between active and stored aircraft, effectively keeping its fleet near flight-ready.
Vietnam’s sixth airline launched
December 27, 2020
The Vietnam Travel Aviation Company Limited (Vietravel Airlines), the sixth airline in Vietnam, made its debut on December 26 after meeting all requirements and completing necessary procedures for operating commercial flights. At the launching ceremony, General Director of Vietravel Airlines Vu Duc Bien said the airline will officially sell tickets from January 1 to 5, 2021.
Why Does Vietnam Have So Many Start Up Airlines?
December 7, 2020
Vietnam has seen a flurry of start-up airlines emerge over the past few years. Several new carriers were set to provide more market competition before the COVID pandemic put everyone’s plans on hold. By why exactly is Vietnam home to so many start-up airlines?
December 05, 2020
Vietjet, Vietnam's largest low-cost airline, and rival Bamboo Airways have asked the government for financial assistance as they grapple with the impact of the coronavirus pandemic.
Vietjet Vice President Ho Ngoc Yen Phuong asked for 4 trillion dong ($172 million) in low-interest loans, saying that carriers in Thailand and China have already received state aid, according to local media. The airline has already slashed employee pay by 50%, among other cost cuts.
Vietravel Airlines to welcome first plane on December 5
December 04, 2020
The Vietnam Travel Aviation Co. Ltd (Vietravel Airlines) is scheduled to receive its first plane at Tan Son Nhat International Airport in Ho Chi Minh City on December 5.
This 220-seat aircraft is an Airbus A321CEO, which is considered a stretched version of A320, with the overall length of 44.51m, wingspan 35.8m and maximum range 5,950km.
Vietjet to get $86.6 mln from sales, leaseback deals
December 04, 2020
Budget airline Vietjet is set to receive VND2 trillion ($86.6 million) via sale and leaseback deals on four or five aircraft this year, helping reduce its Covid-impact losses. The airline is set to receive another three aircraft in the first quarter of 2021 as part of its plan to purchase around 10 jets over the next two or three years.
November 13, 2020
Vietjet and UPS, a global leader in logistics, have entered a historic agreement to leverage each other’s global and regional network by further growing trade lanes from Asia to destinations in the US.
Accordingly, the agreement provides Vietjet with access to UPS’s extensive global network via UPS’s “browntails” while UPS will be able to tap on Vietjet’s extensive reach within Vietnam, Thailand and all over Asia region, to serve businesses in more areas and at quicker speeds.
BAA Training Vietnam, First in the Market with UPRT Certification
19th October 2020
BAA Training Vietnam is the first ATO in Vietnam to acquire Upset Prevention and Recovery Training (UPRT) certification. BAA Training continues with its expansion in an aviation training capacity and training range after the company’s first year of successful operations in the market.
October 16, 2020
Leading tour company Vietravel has received the license for its airline and will operate its first flight in December. If things go to plan Vietravel Airlines would start flying on December 18 instead of 2021 as originally planned, Nguyen Quoc Ky, chairman and founder of the company, said at an aviation business forum organized by Forbes Vietnam on Thursday.
Vietnam certifies ExecuJet MRO Services Malaysia
15th October 2020
The Civil Aviation Authority of Vietnam (CAAV) has certified ExecuJet MRO Services Malaysia to perform line and heavy maintenance on select Dassault Falcon 2000 aircraft. The certification covers line and base maintenance up to and including C Checks – 72 months or 3,750 flight cycles – on Falcon 2000EX, Falcon 2000EX EASy and Falcon 2000LXS aircraft. The certification also covers maintenance on landing gear and batteries for these aircraft.
October 08, 2020
Before the COVID-19 pandemic, Southeast Asia was one of the fastest growing markets for air transport. But despite being buoyed by high demand, a deregulated airline market squeezed the profit margins of most Southeast Asian airlines, leaving them particularly vulnerable to the economic fallout from COVID-19.
October 01, 2020
It is no accident Vietnam’s airline sector is leading the way in recovery from the coronavirus pandemic. The country’s government acted swiftly when the outbreak began and despite a recent increase in cases the situation appears to be under control.
October 01, 2020
Vietnam’s first full-service private carrier, Bamboo Airways, is to operate its newly arrived E195 jets from Hanoi to tourist hot spot, the southern island of Con Dao, 1,400 kilometres (760 nautical miles) from the nation’s capital, Hanoi. The jet service to the island will provide a staging point for visitors to a 16 island archipelago off the southern coast of Vietnam.
Vietjet kicks off self-handling ground operations
September 04, 2020
The new-age carrier Vietjet on September 4 officially self-handled its ground operations at Noi Bai International Airport in Hanoi, becoming the first ever private carrier to set up its own ground handling arm in Vietnam. The move aims to improve the airline’s service quality, independently and flexibly adjust its own flight schedule to meet seasonal flight operations, especially in peak season, and effectively manage its operation costs.
July 20, 2020
Vietnam has banned any new Vietnamese startup airlines until at least 2022 as airlines worldwide try to recover from the devastating coronavirus pandemic. According to Viet Nam News, Deputy Prime Minister Trinh Dình Dung made the announcement earlier today.
The Deputy Prime Minister said that there would be no new airlines in Vietnam until the aviation industry has fully recovered from the coronavirus crisis. This ruling now confirms what the Ministry of Transport (MOT) proposed back in May.
July 17, 2020
The application made by Vietravel Airlines satisfies all conditions for licensing as an aviation transport business, according to the Civil Aviation Administration of Vietnam (CAAV). The carrier meets all requirements, including those on capital, fleet capacity, organisation, business plan, and development strategy. The administration has proposed the Ministry of Transport conduct the necessary procedures to licence the carrier.
June 30, 2020
According to its executive board, Vietjet airline showed strong growth and sustainable development with positive business results over the last year, carrying more than 25 million passengers.
In 2019, Vietjet’s consolidated pre-tax revenue and profit in 2019 were VND 50,603 billion (around $2.2 billion) and VND 4,569 billion in profits (around $200 million).
Vietjet’s audited air transport revenue reached VND 41,252 billion (around $1.8 billion) and VND 3,869 billion (around $170 million) in profit before tax, an increase of 22 percent and 27 percent compared with 2018.
Noi Bai Airport in Hanoi and Tan Son Nhat in HCMC will close down one runway each from Wednesday to upgrade them. The work will cost VND2.03 trillion ($87.4 million) and VND2.015 trillion ($86.7 million) respectively.
It is part of a major runway and taxiway upgrade project for the two international airports, the country's largest, by the Ministry of Transport.
June 29, 2020
Vietnam will not consider applications for new airlines as the country prioritises the recovery of its aviation sector after the impact of the novel coronavirus, the Civil Aviation Authority of Vietnam (CAAV) said on Wednesday. CAAV has proposed a “travel bubble” be set up with countries having contained the novel coronavirus to resume tourism and economic activities.
The CAAV said in a recent proposal to the Transport Ministry regular flights to and from certain safe countries should be resumed at the end of July, without specifically mentioning which country. A country is defined as safe if it does not record community transmission in 30 consecutive days.
June 15, 2020
Vietnam Airlines will buy Qantas’s stake in Jetstar Pacific, change its name and restructure the budget carrier to make it more profitable.
The national flag carrier said Monday that name will be changed from Jetstar Pacific to Pacific Airlines, and that the name change will be accompanied by plans to improve its business performance and profitability. Vietnam Airlines currently owns a 68.85 percent stake in Jetstar Pacific.
May 25, 2020
Hanoi-based Vietnam Airlines is eyeing a significant fleet expansion. The prospect was raised by the airline’s CEO, Duong Tri Thanh, last week. This comes despite Vietnam Airlines reeling from the impact of COVID-19 and grounding 100 of its 103 aircraft. But Duong Tri Thanh sees opportunities in the midst of an aviation storm.
May 14, 2020
Vietnam will not consider applications for new airlines as the country prioritises the recovery of its aviation sector after the impact of the novel coronavirus, the Civil Aviation Authority of Vietnam (CAAV) said on Wednesday.
Jan. 11, 2020
Airports Council International forecasts that Vietnam will have the fastest air passenger growth in the world in the period of 2018-2040 with an average annual growth rate of 6.2%.
Vietnam's aviation industry continued to experience healthy double-digit growth in 2019 amid issues at some key airports, according to Viet Dragon Securities Company (VDSC).
Overall air traffic volume was up 12% year-on-year and reached approximately 116 million passengers. Although the growth rate of international passenger traffic continued to outpace domestic passenger growth, the gap between the two has contracted.