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  • UK Court Freezes VietJet Assets up to $251.6 Million over Aircraft Debt

    UK Court Freezes VietJet Assets up to $251.6 Million over Aircraft Debt

    A British High Court judge has placed a worldwide asset freeze of up to $251.6 million on Vietnamese budget carrier VietJet Aviation. The ruling came after the airline refused to pay debt owed to London investment firm FitzWalter Capital.

    The order covers VietJet’s entire 112-aircraft leased operating fleet and its order book of more than 300 jets. It also binds pre-delivery deposits, maintenance reserves, Rolls-Royce engines, and ticket proceeds collected by sales agents worldwide.

    FW Aviation, a unit of FitzWalter Capital, secured the injunction after High Court Judge Pushpinder Sani determined the carrier presented a substantial risk of dissipating or concealing assets. The October 15 decision followed repeated defaults on court judgments linked to four Airbus aircraft. VietJet operated those planes during the pandemic without paying contracted lease fees.

    Scope of the Global Injunction

    Under the terms of the injunction, VietJet may conduct day-to-day operations in the ordinary course of business. However, it cannot sell, transfer, or encumber key assets without prior court approval. The restrictions apply directly to maintenance reserves, lease deposits held outside Vietnam, and upcoming delivery slots for Airbus A330-900 and A321neo aircraft.

    London’s High Court found that VietJet had transferred the underlying value of its commercial aircraft order book to Angelica Holding, a Cayman Islands entity. Judge Sani noted that Angelica Holding had no physical offices or staff. Calling it a shell vehicle, he criticized VietJet for concealing the arrangement for more than twelve months.

    I have little sympathy for the claimed disruption which may arise. It will have been caused by VietJet’s own wilful refusal to satisfy the Judgment Debt and strenuous anti-enforcement efforts rather than a genuine inability to pay.

    FitzWalter welcomed the ruling, stating the enforcement step prevents the airline from extracting further capital away from creditors.

    Enforcement Exposure Across Aviation Markets

    Cross-border aviation financing in Southeast Asia relies heavily on predictable repossession rules. That makes this freeze an immediate operational problem for VietJet’s international routes. By locking down overseas revenue streams and escrow deposits, the UK order hits cash collection outside Vietnam, where local courts have refused to recognize earlier British judgments.

    For regional lessors, engine makers, and airport operators, the dispute redraws counterparty risk across Vietnam’s private aviation sector. Lessors negotiating new deliveries or extensions with Vietnamese carriers will price in tighter legal buffers. They will demand higher security deposits or sovereign-backed escrow structures before releasing airframes.

    Network expansion across key Asia-Pacific markets, including Australia, Japan, and Singapore, now faces friction. Ground handlers and fuel suppliers in overseas jurisdictions face legal exposure if they process asset transfers or revenue flows that breach English High Court orders.

    Escalation from Pandemic Defaults

    The fight began during the pandemic when FitzWalter took control of four Airbus jets leased to VietJet. The airline stopped sending lease payments to the buyout firm. It continued flying the aircraft on scheduled routes for roughly one year.

    British courts initially ruled against VietJet in 2025 for roughly $180 million. That obligation grew to more than $250 million as unpaid interest, operational penalties, and legal expenses mounted through subsequent challenges.

    Pending Receivership Ruling

    Pressure on the carrier will mount as the UK High Court finalizes an order authorizing court-appointed receivers to take charge of VietJet’s foreign property. A preliminary ruling in September approved restructuring advisory firm Alvarez & Marsal as receivers to liquidate overseas assets on behalf of FitzWalter.

    VietJet declined to comment on the freeze order. The carrier must now decide whether to challenge foreign registries or negotiate a structured settlement before Alvarez & Marsal takes control of offshore accounts and delivery slots.

  • Vietjet Launches Maiden Hanoi-Prague Flight on Airbus A330

    Vietjet Launches Maiden Hanoi-Prague Flight on Airbus A330

    Vietjet operated its first flight outside Asia-Pacific on Oct. 10, flying an Airbus A330 from Hanoi to Prague via Almaty in Kazakhstan.

    The maiden service to the Czech Republic expands the Vietnamese budget carrier’s network beyond Asia-Pacific, tapping a growing but underserved market.

    Routing through Central Asia

    Passengers received souvenirs on the flight as the airline pressed ahead with European routes despite challenges from Middle East conflict and fuel shortages.

    A technical stop in Almaty gives the airline operational flexibility while airspace closures and regional conflicts complicate direct Asia-Europe flight paths. In Prague, the route taps into one of Europe’s largest Vietnamese diaspora communities. That base helps fill seats alongside outward tourism from Vietnam.

    Fleet deployment and long-haul competition

    Twin-aisle Airbus A330 aircraft are now flying routes that traditional flag carriers often overlook. Vietnam Airlines and Singapore Airlines focus on primary hubs such as London, Paris and Frankfurt. Vietjet is targeting secondary European gateways where budget competition is scarce.

    Long-haul discount flights run on thin margins. Fuel volatility and landing fees in Central Asia lift per-seat costs well above regional point-to-point routes. That dynamic puts pressure on seat occupancy and ancillary sales across both legs.

    In-flight upgrades and regional units

    Beyond new routes, the airline is overhauling onboard products across its fleet. A recent deal with Starlink will bring free in-flight Wi-Fi to passengers. The upgrade aligns cabin services with long-haul international standards.

    Regional affiliate Vietjet Thailand is separately working to double revenue by 2028 through fleet additions and network expansion. Meanwhile, the European expansion tests whether a Southeast Asian low-cost model can turn a profit on intercontinental segments without full-service feeder networks.

    Next European destinations

    Planners are evaluating more European destinations to link with Hanoi and Ho Chi Minh City as additional widebodies arrive. Prague’s commercial performance over its first winter season will dictate how fast the carrier commits planes to other European cities.

  • Vietjet Skyrockets in H1 2026 with Soaring Profits and Massive 600-Aircraft Investment for 2030 Expansion

    Vietjet Skyrockets in H1 2026 with Soaring Profits and Massive 600-Aircraft Investment for 2030 Expansion

    Vietjet Aviation Joint Stock Company, a leading player in the commercial aviation sector, experienced robust financial and operational outcomes in the second quarter and first half of 2026. This growth was fuelled by stable travel demand, the airline’s ongoing international growth, and its long-term commitment to a order for more than 600 next-generation aircraft, one of the most substantial in the Asia-Pacific region. In addition, Vietjet is creating an all-encompassing aviation ecosystem that includes passenger travel, ground services, air freight, training, engineering, financial services, and technology.

    Strong Performance in the First Half of 2026

    In the second quarter of 2026, Vietjet reported a standalone revenue of VND25.542 trillion (around US$972 million) and a consolidated revenue of VND30.499 trillion (approximately US$1.16 billion), indicating respective year-on-year growths of 44% and 71%. Profits after tax for the standalone and consolidated results were VND204 billion (approximately US$7.77 million) and VND349 billion (around US$13.3 million), respectively.

    For the initial half of 2026, the company achieved standalone revenues of VND45.030 trillion (about US$1.71 billion) and consolidated revenues of VND51.536 trillion (approximately US$1.96 billion), presenting a year-on-year increase of 26% and 44%, respectively. These results accounted for 58.5% and 59.4% of each of the total annual targets.

    The standalone and consolidated after-tax profits for the first half of 2026 were VND1.126 trillion (around US$42.6 million) and VND1.372 trillion (approximately US$52.2 million), respectively, reaching 55.9% and 64.5% of their total annual targets.

    As of June 30, 2026, Vietjet’s total assets were worth VND149.093 trillion (approximately US$5.68 billion). Its net debt-to-equity ratio was maintained at 2.37 times, while the liquidity ratio stood at 1.36 times, both within safe operating levels for the aviation industry.

    Investment in Next-Generation Aircraft and AI Integration

    Vietjet continues to invest in more than 600 Airbus and Boeing aircraft, one of the largest orders in the Asia-Pacific region, to aid its international expansion and global network development through 2030.

    Earlier this year, Vietjet finalized agreements with Pratt & Whitney for GTF engines to power 44 Airbus A320neo-family aircraft and arranged financing for 12 Boeing 737-8 aircraft.

    At the Singapore Airshow 2026, Vietjet and its partners announced the establishment of the Asia-Pacific Aviation Financial Centre, an initiative designed to draw leading financial institutions and aviation companies to Vietnam and bolster the country’s ambition to become a regional aviation hub.

    In addition, Vietjet is integrating artificial intelligence into its operations and management through partnerships with international solution providers, including OpenAirlines and Satair, to optimize fuel consumption, enhance efficiency, and reduce emissions.

    Questions & Answers

    What contributed to Vietjet’s growth in the first half of 2026?
    The growth was driven by stable travel demand, Vietjet’s ongoing international expansion, and its long-term commitment to a large order for next-generation aircraft.

    What major agreements did Vietjet finalize earlier in the year?
    Vietjet finalized agreements with Pratt & Whitney for GTF engines to power 44 Airbus A320neo-family aircraft and arranged financing for 12 Boeing 737-8 aircraft.

    What initiatives is Vietjet implementing to enhance operations and management?
    Vietjet is integrating artificial intelligence into its operations and management through collaborations with global solution providers, OpenAirlines and Satair, to optimize fuel consumption, improve efficiency, and lower emissions.

  • Vietjet and Bamboo Airways Hike Checked Baggage Fees Prior to Peak Summer Travel Rush

    Vietjet and Bamboo Airways Hike Checked Baggage Fees Prior to Peak Summer Travel Rush

    Vietjet Air and Bamboo Airways, two leading airline companies, have recently increased their rates for checked luggage by 15-25%. This price surge has come into effect just before the beginning of the high-demand summer travel season.

    Revised Baggage Prices

    According to a recently released pricing schedule, checking in 20 kg on Vietjet’s domestic flights has become 25% more expensive, now costing VND250,000 (equivalent to US$9.5) plus tax. For 30 and 40 kg luggage, the prices have risen by 20%, costing VND360,000 and VND480,000 respectively. Furthermore, the pricing for oversized bags and extra carry-on allowance has also seen an increase of approximately 20%.

    The price adjustments also apply to various international routes. For instance, the price for checked baggage weighing 20 kg on Southeast Asia flights has increased by 21%, amounting to VND580,000. Meanwhile, on flights to Hong Kong, Taiwan, and mainland China, the rate has similarly increased to VND700,000.

    Bamboo Airways has also implemented an approximate 15% increase on their domestic flights during peak seasons such as Tet (the Lunar New Year) and summer. The summer fees are set to be applicable from May 20 to August 15 as well as from August 27 to September 2.

    Implications of Rising Costs

    A flight booking agency in Ho Chi Minh City noted that several airlines have been increasing fares and other prices, such as checked baggage, seat selection, and in-flight meals, in response to the escalating fuel costs. It has been observed that customers, who previously focused solely on ticket prices, are now showing heightened awareness of baggage fees when planning their travel expenses, particularly families and long-term travelers who may end up adding millions of dong to each trip due to these charges.

    According to a report by the Civil Aviation Authority of Vietnam, the prices of Jet A1 aviation fuel have consistently remained high in Asia, occasionally reaching US$214-216, as a result of Middle East tensions. This fluctuation in fuel prices has significantly impacted airlines’ operating costs and airfares in recent years.

    Questions & Answers

    What is the percentage increase in Vietjet Air and Bamboo Airways’ checked baggage prices?
    Answer: Their checked baggage prices have increased by 15-25%.

    How is the increase in baggage prices affecting customers’ travel planning?
    Answer: Customers are now more conscious of baggage fees when planning their travel expenses.

    What has contributed to the increasing operating costs for airlines in recent years?
    Answer: Fluctuating fuel prices, particularly of Jet A1 aviation fuel, have significantly impacted airlines’ operating costs and airfares in recent years.

  • Unlock Summer 2026 with Vietjet: 11 million promo fares, up to 100% off base fares and gold rewards

    Unlock Summer 2026 with Vietjet: 11 million promo fares, up to 100% off base fares and gold rewards

    Vietjet is rolling out a major Summer 2026 promotion, offering 11 million tickets with discounts of up to 100% on base fares. Promotional fares are available for booking from now until 00:59 on 8 May 2026. As part of the campaign, Vietjet is offering 10 million Deluxe tickets at 30% off (excluding taxes and fees) across its flight network for travel through 31 August 2026 (*). Passengers can enjoy the offer by applying promo code SALE55DLX during booking. Deluxe fares include up to 20kg of checked baggage, complimentary seat selection, and flexible itinerary changes.

    In addition, one million Eco tickets are available at 100% off (excluding taxes and fees) with promo code SALE55, valid across all Vietjet routes for travel between 5 September 2026 and 31 March 2027 (*). Passengers booking Eco fares during the promotion will also receive 20kg of complimentary checked baggage.

    For travellers in Singapore, the promotion presents an ideal opportunity to plan their next Vietnam getaway, with Vietjet’s direct services from Singapore to Ho Chi Minh City, Hanoi, Da Nang and Phu Quoc. From vibrant city breaks and cultural escapes to relaxing beach holidays, travellers can choose from a wide range of destinations or plan longer multi-stop journeys across Vietnam.
    To further enhance the summer campaign, passengers who complete a successful booking between now and 19 May 2026 (GMT+8) will receive a lucky draw entry code for the “Fly Vietjet, Strike Gold” program (**). Prizes include one tael of 999.9 gold, silver, e-vouchers worth up to VND 15 million (approx. SGD 725), and other rewards.

    With an extensive network spanning Vietnam and key international destinations, Vietjet continues to connect travellers to vibrant cities in Southeast Asia, as well as Australia, China, India, Japan, South Korea, and beyond. The airline invites passengers to explore new destinations and cultural experiences this summer.

    On board, Vietjet offers a selection of fresh, hot meals and signature Vietnamese dishes such as pho, banh mi, and Vietnamese iced coffee, alongside a variety of international cuisine. Flights are operated by a modern fleet and supported by professional cabin crews, delivering a comfortable and enjoyable travel experience.

    (*) Travel periods and conditions may vary by route. Blackout dates may apply. Please refer here.
    (**) For more details about the “Fly Vietjet, Strike Gold” program, please refer here.

  • Fly to Vietnam with Vietjet and enjoy free checked baggage plus a gold giveaway

    Fly to Vietnam with Vietjet and enjoy free checked baggage plus a gold giveaway

    Vietjet is giving international travellers more reasons to visit Vietnam this season, with a limited-time promotion offering 20kg of free checked baggage on eligible direct international flights between Vietnam and selected overseas destinations.

    Available for bookings made until 22 March 2026 , the promotion applies to passengers who book or modify tickets and complete payment within the campaign period. Travellers who purchase eligible Eco-class tickets and select the 20kg checked baggage option during booking will receive the baggage allowance at no additional charge.

    For travellers in Singapore, the promotion applies to Vietjet’s direct flights between Singapore and Ho Chi Minh City, Hanoi, Da Nang, and Phu Quoc, for travel from 5 May to 5 June 2026.

    In addition, from now until 19 May 2026, passengers who book tickets will also receive an entry code to take part in Vietjet’s “Fly Vietjet, Strike Gold” lucky draw (Please refer here for details), with the grand prize of one tael of gold (37.5 grams of 99.99% gold), alongside other attractive prizes.

    With Vietjet’s growing international network, travellers can conveniently fly to Vietnam and experience the country’s vibrant culture, rich culinary heritage, and diverse landscapes. For Singapore travellers, the direct connectivity to key Vietnamese destinations makes it easier than ever to plan everything from city breaks and beach escapes to longer regional holidays.

    On board, passengers can enjoy a range of fresh and hot meals, including popular Vietnamese favourites such as Pho, Vietnamese banh mi, and iced milk coffee, alongside international dishes. The experience is delivered by Vietjet’s friendly flight crews on a modern fleet.

    Bookings can be made via www.vietjetair.com, the Vietjet Air mobile app, as well as through online travel agencies, local and international travel agents, and GDS channels.

    Terms and conditions apply. Passengers may select only one baggage package per booking. The promotion applies only to the 20kg checked baggage option and does not apply as a price deduction to other checked baggage packages.

  • Vietjet to launch direct Singapore–Nha Trang flights, opening access to Vietnam’s coastal getaway

    Vietjet to launch direct Singapore–Nha Trang flights, opening access to Vietnam’s coastal getaway

    Vietjet will launch a new direct service between Nha Trang and Singapore from 1 June 2026, further expanding air connectivity between Singapore and Vietnam’s popular coastal destinations. The service marks Vietjet’s fifth direct route between the two countries, joining its existing connections to Ho Chi Minh City, Hanoi, Da Nang and Phu Quoc, further enhancing connectivity, tourism, and trade between the two countries and across Southeast Asia.

    Travellers from Singapore will soon have direct access to Nha Trang, a beachside city along Vietnam’s south-central coast known for its long coastline, island-hopping experiences, and growing resort scene. The route will operate four times weekly on Mondays, Wednesdays, Fridays, and Sundays, providing a new direct link between Singapore and one of Vietnam’s most established coastal destinations in just approximately two hours and fifteen minutes for a convenient short-haul getaway.

    New route schedule (24-hour format, all in local time):Flight VJ912 from Singapore (SIN) to Nha Trang (CXR): Departure at 15:15, and arrival at 16:35.
    Flight VJ917 from Nha Trang (CXR) to Singapore (SIN): Departure at 10:25, and arrival at 13:40.

    To mark the launch, Vietjet is offering promotional fares across its direct flight network between Vietnam and Singapore, including the newly introduced Nha Trang route, with Eco-class tickets from SGD86 one-way (all-inclusive of taxes and fees) and will receive 20kg of complimentary checked baggage, while SkyBoss fares are available at an instant 20 per cent discount (*). The promotion runs from 16 March until 20 March 2026 (GMT +8) via the Vietjet website and mobile app, for travel between 1 April 2026 and 31 March 2027 (**).

    Vietnam has consistently ranked among Singaporeans’ preferred regional destinations due to its diverse landscapes, strong culinary culture, and short travel times. Located along Vietnam’s south-central coast, Nha Trang is widely known for its clear waters, offshore islands, and vibrant marine ecosystem. Visitors are drawn to its turquoise bays and island excursions, while the city’s beachfront promenade, seafood culture, and surrounding natural landscapes have made it one of Vietnam’s most established resort destinations. The city also serves as a gateway to nearby attractions, including waterfalls, fishing villages, and cultural sites that reflect the region’s Cham heritage.

    Separately, Vietjet will also introduce a Da Nang–Jakarta route beginning 29 April 2026, operating five flights per week. The new service will connect Vietnam’s central coastal city of Da Nang with Indonesia’s capital, further strengthening regional tourism and business links across Southeast Asia.

    Passengers flying with Vietjet can expect a range of onboard dining options featuring Vietnamese favourites such as Pho, Banh mi, and Vietnamese iced coffee, alongside the airline’s SkyJoy loyalty program which allows travellers to earn and redeem points across more than 250 partner brands.

    (*) Terms and conditions. More details can be found here

    (**) Travel periods may vary by route, blackout dates apply, and public holidays are excluded

  • Vietjet announces major U.S. agreements worth over US$6.3 billion

    Vietjet announces major U.S. agreements worth over US$6.3 billion

    Vietjet has signed multiple strategic agreements with leading U.S. corporations and financial institutions, with a total value exceeding US$6.3 billion (approx. SGD7.99 billion). The signing ceremony took place in the presence of Vietnam’s General Secretary To Lam, alongside senior Vietnamese and U.S. government officials in Washington, D.C., where General Secretary To Lam attended the opening session of the United States-led Board of Peace, an international body established to support peace, stability, and reconstruction in Gaza, at the invitation of U.S. President Donald Trump.

    The event comes amid continued momentum in Vietnam–U.S. relations, particularly across the economic, financial, and technology sectors. On this occasion, the State Bank of Vietnam and the U.S. Department of the Treasury also issued a joint statement reaffirming their commitment to enhanced cooperation under the Vietnam–U.S. Macroeconomic and Financial Policy Dialogue framework.

    As Vietjet continues to expand its international network, the strengthened fleet and financing capacity also support growth in high-demand regional markets, including Singapore where Vietjet currently operates direct routes linking Singapore with Hanoi, Ho Chi Minh City, Da Nang and Phu Quoc.

    US$5.4 Billion (Approx. SGD6.85 Billion) Engine and Maintenance Services Agreement with Pratt & Whitney

    Vietjet and Pratt & Whitney, an RTX business, a global leader in aircraft engines and engine services headquartered in the United States, signed an agreement covering the selection of Pratt & Whitney GTFTM engines, and comprehensive maintenance services for 44 A321NEO and A321XLR aircraft. The total estimated value of the contract is approximately US$5.4 billion (approx. SGD6.85 billion).

    Under the agreement, Pratt & Whitney will provide new-generation engines to optimise operational performance, reduce operating costs, and lower emissions, advancing Vietjet’s sustainable development and green transition strategy.

    Boeing 737-8 Aircraft Financing Agreement with U.S. Partner

    Vietjet also signed an aircraft financing agreement with Griffin Global Asset Management to finance six Boeing 737-8 aircraft, valued at approximately US$965 million (approx. SGD1.22 billion) at list prices.

    The agreement marks a significant step in Vietjet’s strategy to diversify international funding sources while strengthening its financial capacity and capital structure in line with global standards.

    A Milestone in Vietnam–U.S. Aviation and Economic Cooperation

    With a combined value exceeding US$6.3 billion (approx. SGD7.99 billion), the agreements carry significance beyond their commercial impact. They support deeper collaboration in technology and finance, contribute to job creation, and strengthen value chain integration between the two economies.

    Vietjet Managing Director Nguyen Thanh Son said: “These agreements in the United States reflect Vietjet’s strong commitment to expanding the scale of international partnerships and developing a modern, sustainable fleet. They provide a solid foundation to enhance our financial strength, elevate operational standards, and support long-term growth for the aviation industry in Vietnam and globally.”

    The strategic agreements signed in Washington, D.C. reinforce Vietjet’s long-term vision as a dynamic, globally integrated aviation group with strong international competitiveness.

    They also contribute to advancing the Vietnam–U.S. Comprehensive Strategic Partnership by promoting capital flows, technology collaboration, and value chain integration in a new phase of economic development.

  • Vietjet named “Global Best Place to Work” at the World HRD Congress & Awards 2026

    Vietjet named “Global Best Place to Work” at the World HRD Congress & Awards 2026

    Vietjet has been honoured with three prestigious international accolades, including “Global Best Place to Work in 2026,” “Diversity Impact Award,” and “Global Best Employer Brand,” at the World HRD Congress & Awards 2026. The recognition reinforces Vietjet’s people-driven values and commitment to service quality. The airline connects Singapore with Vietnam through four direct services to Hanoi, Ho Chi Minh City, Da Nang and Phu Quoc, alongside an extensive network across Vietnam and the Asia-Pacific region.

    For the first time, the World HRD Congress & Awards recognised Vietjet as a “Global Best Place to Work” and presented the airline with the “Diversity Impact Award,” highlighting its progress in talent development and in building a corporate culture aligned with international standards. Together, these accolades reflect Vietjet’s commitment to putting people at the center of its ESG strategy and sustainable growth.

    Today, Vietjet employs more than 9,000 people, including over 1,000 international employees from 68 countries/territories. This multicultural workforce reflects an open and inclusive environment that embodies the global vision of the new-age airline. Vietjet’s sustainable HR strategy is anchored in policies that promote equal opportunities, respect diversity, and strengthen inclusion across the organisation, from flight operations and engineering to services and corporate functions. Employees are empowered to grow based on merit and results, with their voices valued heard and contributions recognised in a transparent, professional setting.

    Vietjet has been previously named a “Best Place to Work” multiple times in Vietnam and across Asia, and has also received top honours from Skytrax, AirlineRatings, and World Travel Awards. Guided by the belief that people drive sustainable growth, the airline continues to position itself as a launchpad for careers, supporting its mission to connect the world through trust, opportunity, and ambition.

    Established in 1992, the World HRD Congress ranks among the world’s largest events on HR and professional development. It brings together senior leaders and experts from over 133 countries to network and celebrate organisations leading in people-focused strategies. Awards are judged by a panel of renowned international experts. This year’s HRD Congress & Awards was held in Mumbai, India.

  • Vietjet delivers strong 2025 results with 47% Q4 revenue growth and global network expansion

    Vietjet delivers strong 2025 results with 47% Q4 revenue growth and global network expansion

    Vietjet Aviation Joint Stock Company (HOSE: VJC) reported strong revenue and profit growth in the fourth quarter and full year of 2025. These results provide a solid foundation for Vietjet as it enters 2026 with ambitious global growth strategies.

    Network Expansion Strengthens Market Position, Including Singapore–Vietnam Connectivity

    In Q4/2025, Vietjet transported more than 6.7 million passengers across 36,100 flights.

    For the full year, the airline carried 28.2 million passengers on 153,000 flights, representing YoY growth of 9% and 11.2%, respectively. Total cargo volume reached 113,923 tons.

    Vietjet continues to hold the leading market share in Vietnam by passenger volumes across both domestic and international markets.

    In 2025, the airline operated 254 routes, including 52 domestic and 202 international services, and launched 22 new routes connecting Vietnam to key destinations, including Central Asia and China.

    To meet rising travel demand, driven by strong leisure and business traffic, particularly between Singapore and Vietnam, Vietjet expanded capacity to enhance connectivity and operational efficiency. The airline launched the Singapore – Phu Quoc route in May 2025, expanding its flight network between Singapore and Vietnam. The route was later increased from four weekly services to seven round-trip flights per week. Vietjet currently offers four direct services linking Singapore with Hanoi, Ho Chi Minh, Da Nang and Phu Quoc.

    Effective Operations Sustain Profit Growth Momentum

    Based on its financial statements, Vietjet recorded separate revenue of VND29.035 trillion (approx. SGD1.43 billion) in Q4/2025, a 47% year-on-year (YoY) increase.

    In Q4/2025, Vietjet posted a separate pre-tax profit of VND475 billion (approx. SGD23.31 million) and consolidated pre-tax profit of VND579 billion (approx. SGD28.41 million), soaring 93.4% and 436% YoY, respectively.

    For the full year, Vietjet delivered strong performance, with separate revenue reaching VND81.426 trillion (approx. SGD3.99 billion), up 14% YoY. Separate gross profit for 2025 stood at VND8.213 trillion (approx. SGD403.23 million), supported by continued network expansion and lower fuel costs compared to the previous year.

    Vietjet’s consolidated revenue totalled VND82.093 trillion (approx. SGD4.03 billion), an increase of 14% YoY. Consolidated pre-tax and post-tax profit reached VND2.630 trillion (approx. SGD128.93 million) and VND2.123 trillion (approx. SGD104.06 million), growing 44.3% and 51.2%, respectively, and exceeding 120% of the annual plan.

    As of 31 December 2025, Vietjet’s total assets reached VND139.459 trillion (approx. SGD6.84 billion). The net debt-to-equity ratio stood at 2.25, while the liquidity ratio reached 1.53, among the strongest in the aviation industry.

    During the year, Vietjet successfully issued 50 million shares, increasing equity by VND5 trillion (approx. SGD245.5 million), to support long-term growth.

    Strengthening International Cooperation and Long-term Investment

    In 2025, Vietjet took delivery of 22 new aircraft, representing its largest fleet expansion since its establishment and reinforcing capacity for the next phase of growth.

    The airline also signed an agreement with Airbus to purchase 100 A321neo aircraft, alongside a separate contract with Rolls-Royce for 92 Trent 7000 engines and comprehensive maintenance services, valued at US$3.8 billion (approx. SGD4.83 billion).

    In December, Vietjet Thailand received its first Boeing aircraft, expanding the group’s fleet scale ahead of 2026.

    Vietjet continued to invest in talent and training through international-standard pilot training partnerships. In 2025, Vietjet Aviation Academy (VJAA) trained more than 162,000 trainees through 15,198 courses; proactively developing pilots, technical staff, ground operations staff and other aviation professionals to meet rising industry demand.

    At Long Thanh International Airport, the airline marked two key milestones: the topping out of its international-standard aircraft maintenance hangar and the operation of its first flight to the under-construction airport.

    Strengthening Customer Experience Through Innovation, Technology and Global Awards

    Vietjet expanded and diversified its customer experience through offerings such as Business class tickets, the SkyJoy loyalty program, in-flight retail, multi-channel booking and payment platforms, and its AI virtual assistant, Amy. The airline also introduced culturally themed onboard programs during major regional festivals such as Chuseok (Korea), Holi and Diwali (India), among others.

    Operational upgrades included expanded check-in facilities, self-handled ground services at Tan Son Nhat, Vietnam’s busiest airport, and accelerated adoption of advanced operational technologies such as real-time flight monitoring, data management systems, and biometric identification to improve efficiency and service quality.

    In 2025, Vietjet received multiple international accolades for safety, sustainability, and customer experience, including recognition by AirlineRatings, the World Travel Awards, and Brand Finance.

    With strong financial performance, a rapidly expanding fleet, deepened international cooperation and reinforced operational capacities, Vietjet enters 2026 well positioned to pursue sustainable growth and global expansion.

  • Vietjet earns AirlineRatings’ “World’s Safest Airlines” recognition for 2026

    Vietjet earns AirlineRatings’ “World’s Safest Airlines” recognition for 2026

    Vietjet has once again been recognised by AirlineRatings, the world’s leading airline safety and product-rating website, as one of the world’s safest airlines for 2026. The airline has also consistently maintained a 7/7 safety rating from AirlineRatings since 2018.
    Vietjet continues to rank alongside leading global low-cost carriers, reinforcing its sustained commitment to delivering safe and reliable journeys for passengers.

    Sharon Petersen, CEO of AirlineRatings.com, said: “Vietjet Air has delivered steady growth while maintaining fleet continuity and a high level of operational reliability. Combined with a young fleet averaging and a flawless safety record over the years, this underlines a strong, safety-focused operation. Vietnam’s aviation sector is also now delivering its best results to date in International Civil Aviation Organization (ICAO) audits for safe, secure, and efficient international air transport.”

    AirlineRatings evaluates more than 320 airlines worldwide using a rigorous set of criteria, including incident data, fleet age, pilot training and international safety audits. This year, greater emphasis was also placed on turbulence prevention, alongside other industry indicators.

    Vietjet operates a modern fleet with a technical reliability rate of 99.72%, among the highest in the region. The airline holds IOSA (IATA Operational Safety Audit) certification as well as ISAGO certification for ground operations safety. Vietjet also actively participates in IATA safety enhancement programs and continues to invest long-term in training, maintenance and engineering, reinforcing the highest safety standards in both regional and global aviation.

    In support of its continued growth and operational efficiency, Vietjet has added 22 aircraft within just one month, the largest fleet expansion in the airline’s history, further strengthening its modern fleet and enhancing operational efficiency.

    AirlineRatings specialises in airline safety and product rating. It assesses airlines across multiple criteria and provides valuable guidance to millions of travellers worldwide when choosing airlines.

  • Vietjet Boosts Fleet with 44 Pratt & Whitney-Powered Airbus A320neos: A Stride Towards Fuel Efficiency

    Vietjet Boosts Fleet with 44 Pratt & Whitney-Powered Airbus A320neos: A Stride Towards Fuel Efficiency

    Vietjet Air recently revealed its partnership with Pratt & Whitney, an international leader in the production and servicing of aircraft engines, to supply its 44 Airbus A320neo airliners with Geared Turbofan (GTF) engines. This new order brings the total number of GTF-powered aircraft ordered by Vietjet to 137.

    Order Details

    The new order comprises 24 A321neo and 20 A321XLR aircraft. The first batch of deliveries is slated to begin in July 2026. Besides supplying the GTF engines, Pratt & Whitney has pledged to offer Vietjet engine maintenance services under a 12-year EngineWise comprehensive maintenance plan.

    “The GTF engine is powering our growth with industry-leading operating economics and fuel efficiency of up to 20% lower than earlier aircraft,” commented Vietjet’s managing director Nguyen Thanh Son.

    In 2018, Vietjet received its initial A321neo aircraft. Currently, the airline operates 42 A321neo aircraft, all powered by GTF engines. The airline’s future plans include outfitting a total of 93 aircraft in its fleet with this specific engine variant.

    Benefits and Commitments

    Rick Deurloo, the president and chief commercial officer of Pratt & Whitney, acknowledged that the latest order would allow Vietjet to fully leverage the merits of one of the most efficient engines for single-aisle aircraft. He also reiterated Pratt & Whitney’s enduring commitment to assisting the airline’s network expansion.

    Compared to previous-generation engines, the GTF engine slashes fuel consumption by up to 20% and noise levels by 75%. To date, over 2,600 GTF-powered aircraft have been delivered to more than 90 customers around the world.

    Network Expansion

    Vietjet currently manages an extensive Asia-Pacific network, connecting Vietnam and Thailand with locations in Australia, India, Kazakhstan, China, Japan, and the Republic of Korea. The airline has plans for a steady expansion towards Europe.

    Questions & Answers

    What is the significance of the new order with Pratt & Whitney?
    The new order will allow Vietjet to achieve maximum fuel efficiency and reduced noise levels, making it one of the most efficient engines for single-aisle aircraft.

    What are the future plans of Vietjet regarding the use of GTF engines?
    Vietjet intends to equip a total of 93 aircraft in its fleet with GTF engines, extending the benefits of fuel efficiency and reduced noise levels across its operations.

    How does the GTF engine compare to previous generation engines?
    Compared to its predecessors, the GTF engine can reduce fuel consumption by up to 20% and noise levels by 75%, making it a more efficient and environmentally friendly option.

  • Vietjet Announces One-day-only 30% Discount On Deluxe Fares For 2026 Travel

    Vietjet Announces One-day-only 30% Discount On Deluxe Fares For 2026 Travel

    Vietjet is welcoming the New Year with a one-day-only 30% discount on Deluxe fares across all domestic and international routes on 15 January 2026, giving travellers in Singapore the perfect opportunity to plan their 2026 Vietnam adventures—whether it’s a beach escape to Phu Quoc or Da Nang, or a city break in Hanoi, Ho Chi Minh City, and more at affordable prices.

    From 01:00 on 15 January to 00:00 on 16 January (GMT+8), travellers booking Deluxe tickets via www.vietjetair.com or the “Vietjet Air” mobile app can enjoy 30% off base fares (excluding taxes and fees) by entering the promo code DELUXE2026. The offer applies to flights operated from 1 February to 31 December 2026 (Travel periods may vary by route and blackout dates apply), giving travellers plenty of time to plan ahead for holidays, long weekends, and year-end trips.

    Designed for added comfort and flexibility, Vietjet’s Deluxe fare includes 20kg of checked baggage, free seat selection, free itinerary changes, and other value-added benefits (terms and conditions apply).

    Vietnam continues to be a favourite year-round destination for global travellers, offering a vibrant mix of culture, cuisine and landscapes. From Hanoi’s vibrant streets and ancient cultural heritage to Ho Chi Minh City’s electric energy, to the misty mountain splendours of Ha Giang, Sa Pa, and the pristine beaches of Da Nang, Phu Quoc, and Nha Trang, the country weaves an irresistible tapestry of world-class cuisine, rich traditions, stunning nature, and genuine hospitality.

    Onboard, passengers can enjoy fresh, hot Vietnamese favourites such as Pho, Banh Mi, and Vietnamese iced milk coffee, alongside a selection of international options, served by Vietjet’s professional and attentive cabin crew on a new, modern fleet.

  • “Wings for Leaders”: Vietjet’s SkyBoss returns with a refined premium travel experience

    “Wings for Leaders”: Vietjet’s SkyBoss returns with a refined premium travel experience

    Vietjet is reintroducing its premium fare class, SkyBoss, offering Singapore passengers a refined and seamless travel experience on key routes between Singapore and Vietnam, including Hanoi, Ho Chi Minh City, Da Nang and Phu Quoc. Inspired by the spirit of “Wings for Leaders,” SkyBoss is designed for travellers who value comfort, efficiency and thoughtful service, whether flying for business or leisure.

    Available on routes to and from Vietnam, including Singapore-Vietnam routes, SkyBoss delivers a personalised journey from the ground to the sky, with every detail carefully curated to balance emotional comfort with operational convenience at every touchpoint.

    From the moment passengers arrive at the airport, the “Wings for Leaders” experience takes shape. Dedicated check-in counters, boarding, and access to premium lounges ensure each journey begins in a calm, relaxed, and well-prepared state.

    On board, the experience is further elevated with unlimited hot and freshly prepared meals, featuring familiar Vietnamese favourites such as Pho, Banh Mi, Vietnamese milk coffee, matcha latte, and more. Each meal goes beyond nourishment, offering a comforting sense of familiarity and attentive care throughout the flight.

    Completing the SkyBoss experience is Vietjet’s cabin crew, renowned for their warm, cheerful, and attentive service. Professional yet approachable, the crew are always present at the right moments, delivering thoughtful care that reflects Vietjet’s distinctive service spirit.

    Alongside its service excellence, Vietjet continues to build on its strengths in operating a high-frequency domestic and international network, particularly across key economic and tourism routes, including four Singapore-Vietnam direct services. This allows passengers greater control over their time and more efficient planning for both business and leisure travel.

    More than just a class fare, SkyBoss represents a premium travel experience focused on comfort, efficiency and thoughtful service at every stage of the journey.

    Applicable Routes

    All international routes to and from Vietnam, including routes between Singapore and Vietnam:Singapore Hanoi/Ho Chi Minh City/ Da Nang/ Phu Quoc

    All-inclusive fares for flights between Singapore and Vietnam
    – One-way fares starting from just SGD210/one-way (including taxes and fees) (varying by route and travel period)

    SkyBoss Service Privileges (Terms and Conditions Apply)
    – Carry-on baggage allowance up to 10kg
    – Checked baggage allowance up to 30kg plus one golf club set
    – Access to premium lounges at departure airports (during operational hours)
    – Priority for seat selection, check-in, and boarding
    – Unlimited hot and fresh inflight meals with beverages
    – Dedicated customer hotline: +84 1900 6896

  • Vietjet Strengthens Regional Aviation Capacity with New Long Thanh Hangar, Launches Inaugural Flight to Vietnam’s Largest Airport

    Vietjet Strengthens Regional Aviation Capacity with New Long Thanh Hangar, Launches Inaugural Flight to Vietnam’s Largest Airport

    Vietjet has marked two significant milestones at Long Thanh International Airport with the topping-out of its international-standard aircraft maintenance hangar and the operation of its inaugural flight to the airport. Long Thanh International Airport is being developed as Vietnam’s largest international airport once fully completed supporting the country’s and Vietjet’s long-term aviation and connectivity needs. These milestones further strengthen regional connectivity and operations through Vietjet’s growing network, including key markets such as Singapore.

    The aircraft maintenance facility, which broke ground on 19 August 2025, forms part of the Aircraft Maintenance and Engineering Center complex at Long Thanh. Developed on an 8.4-hectare site with a total investment of up to USD100 million, the project comprises Hangars No. 3 and No. 4. The facility is designed, managed, and supervised by leading international consultants Mace (United Kingdom) and Apave (France).

    Once completed, the hangars will be able to accommodate up to six narrow-body and two wide-body aircraft simultaneously, or up to ten narrow-body aircraft. The project incorporates a long-span steel structure engineered to support large-scale aircraft maintenance operations and future fleet growth.

    The topping-out was completed on schedule despite complex construction conditions, reflecting close coordination between Vietjet and its international partners. When operational, the facility is expected to strengthen regional maintenance capacity, reduce reliance on overseas technical services, and improve cost-efficiency across the airline’s operations, while supporting skilled employment in the aviation sector.

    On the same day, Vietjet operated its inaugural flight, VJ038, from Tan Son Nhat International Airport to Long Thanh International Airport using an Airbus A321neo aircraft. The flight marks an early operational milestone as Long Thanh progressively transitions into a key hub for Vietnam’s international air traffic.

    With a modern fleet and an extensive regional network, Vietjet continues to invest in infrastructure and operational capability to support long-term growth and connectivity across Southeast Asia, as demand for air travel within the region continues to rise.