Industry News

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. 

Vietnam Bans The Creation Of New Airlines Until 2022

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.

 

Vietravel Airlines eligible to obtain business licence: CAAV

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.

 

Vietjet indicates solid base for airline’s post-viral recovery

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.

Hanoi, HCMC airports to close down runways for upgrade

June 29,2020

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.

Aviation authorities propose ‘travel bubble’ scheme to resume international flights

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.

Vietnam Airlines to buy Australian investor's stake in Jetstar Pacific

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.

Vietnam Airlines Mulls Ordering 50 New Planes

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.

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