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Tag: Vietjet

  • Vietjet expands international network

    Vietjet expands international network

    Low-cost carrier Vietjet on Tuesday announced its operation plan for the Hong Kong market and the launch of a new route linking Phú Quốc and Hong Kong, one of Asia’s most well-known destinations.

    The Phú Quốc – Hong Kong route will operate return flights with a frequency of four flights per week, starting from April 19. With a flight time of two hours and 45 minutes per leg, the flight will depart Phú Quốc at 10:50am and land in Hong Kong at 2:35pm (local time) while the return flight will depart from Hong Kong at 3:40pm and arrive in Phú Quốc at 5:25pm (all local times).

    “After nearly three years of operating our HCM City-Hong Kong route, Vietjet has gained the love and trust of Hong Kong residents, business people and international tourists, and has contributed positively to the promotion of air travel and trade between Việt Nam and Hong Kong as well as across the region,” said Lưu Đức Khánh, Vietjet’s managing director.

    Khánh said the airline has thus far transported more than 300,000 passengers on this route, which includes a significant number of transit passengers who boarded in Hong Kong.

    The director said the new direct route between Phú Quốc and Hong Kong, the first direct flight connecting the two destinations, will enhance the flying experience and reduce travel time for passengers, as well as offer flight opportunities for millions of people.

    Victor Liu, deputy director of the General of Civil Aviation Authority in Hong Kong, said that Việt Nam and Hong Kong have enjoyed very good and long-standing economic and social relations.

    “With the addition of the direct passenger services between Hong Kong and Phú Quốc, it will no doubt further enrich the bilateral links between Hong Kong and Việt Nam,” he said.

    Known as “the Pearl Island”, Phú Quốc is the biggest island in Việt Nam. As one of the most talked-about tourism destinations in Asia with beautiful beaches and friendly local people, Phú Quốc in the southern province of Kiên Giang has attracted strong levels of investment in hotels and resorts in recent years and has become one of the most popular holiday destinations in the country.

    Adding to the island’s appeal, international travellers are exempt from visas for visits of 30 days or less.

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  • Vietjet advances the second dividend payment of 2018 at 10%

    Vietjet advances the second dividend payment of 2018 at 10%

    Vietjet Aviation Joint Stock Company (HOSE code: VJC) Board of Directors announced on 8 April its approval to advance the second dividend payment of 2018 at the rate of 10% (receiving VND1,000 per shares). The final registration date is 24 April 2019, corresponding to an ex-right date of 23 April 2019.

    Consequently, Vietjet will pay more than VND542 billion (approximately US$23.3 million) to advance this second dividend payment of 2018.

    According to the resolution of the Annual Shareholder Meeting 2018, the planned dividend payout ratio is 50% in both shares and cash. Thanks to its high and continuous growth, and abundant cash resources, Vietjet’s Board of Directors submitted to its shareholders a 2018 dividend payment at a rate of 55%, higher than the previously approved plan.

    The new-age airline has established a good track record of paying high dividends from year to year, from 50% to 70% in both cash and shares. With its 2019 business plan, it is believed that Vietjet’s Board of Directors will continue to submit a high dividend payout ratio of 2019 at the coming Annual General Meeting of shareholders.

  • Chairwoman of the Vietnamese National Assembly joins Vietjet at the ceremony in Toulouse

    Chairwoman of the Vietnamese National Assembly joins Vietjet at the ceremony in Toulouse

    Vietnamese National Assembly Chairwoman Nguyen Thi Kim Ngan and her fellow dignitaries from the National Assembly attended the delivery ceremony for Vietjet’s brand new A321neo, registered as VN-A600 at Airbus’s factory in Toulouse (France) yesterday.

    This visit by the delegation of National Assembly of Vietnam to the aircraft manufacturing factory underscores the deep commitment of Vietnam’s national leaders to support the development of Vietnam’s aviation industry and other affairs related to technology transfer and strategic cooperation within the industry.

    During the visit, Nguyen Thi Kim Ngan, asserted in her speech that Vietjet has been a pioneering airline which has positively contributed to the development of the national and regional aviation industry. She also noted that the Vietnamese aviation industry has been growing continuously while Vietjet has been among the fastest growing airlines in the Asia-Pacific region. As a result, Vietnam’s economy has benefited greatly from the contribution of tourism and investment segments.

    Kindly find enclosed the press release alongside the accompanying images for your perusal and use.

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  • 1.4 million super saving Vietjet tickets priced from MYR0 up for grabs for three days!

    1.4 million super saving Vietjet tickets priced from MYR0 up for grabs for three days!

    With the arrival of the vibrant summer season, Vietjet has opened ticket sales on three new domestic routes, including Can Tho – Hai Phong, Can Tho – Vinh and Can Tho – Thanh Hoa which will operate from April 26, 2019.

    Celebrating this special occasion, Vietjet is offering 1.4 million super saving tickets priced only from MYR0 (*) on three golden days from March 20 to March 22, 2019 via the airline’s website. The promotional tickets are available during the golden hours from 1.00pm to 3.00pm, and applicable for all domestic routes in Vietnam. Travel time is from May 21, 2019 to December 31, 2019?

    The Can Tho – Hai Phong route will operate daily return flights; flying time is around 1 hour and 55 minutes per leg. The Can Tho – Vinh route will operate return flights on Monday, Wednesday, Friday, Sunday; flying time is around 1 hour and 50 minutes per leg. Meanwhile the Can Tho – Thanh Hoa route will operate return flights on Tuesday, Thursday, Saturday; flying time is around 1 hour and 55 minutes per leg.

    Subsequently in May 2019, Vietjet will introduce two more new routes from Can Tho to Nha Trang (Khanh Hoa province) and Dalat (Lam Dong province). With the addition of these new routes, Vietjet will have the distinction of being the only airline with the most routes and flights from and to Can Tho – the capital city of the Mekong Delta area.

    With a network comprising 39 domestic routes and 69 international routes, Vietjet operates safe flights with a technical reliability rate of 99.64% — the highest rate in the Asia Pacific region. As a fully-fledged member of International Air Transport Association (IATA), Vietjet has obtained the IATA Operational Safety Audit (IOSA) certificate and has been awarded a 7-star ranking, the world’s highest rate for safety, by AirlineRatings.

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  • Vietjet Prepares for Take-off with Super Promotional Tickets in Conjunction with International Women’s Day

    Vietjet Prepares for Take-off with Super Promotional Tickets in Conjunction with International Women’s Day

    Jetsetters certainly have something exciting to look forward to. With just a few days left till International Women’s Day, Vietjet is offering a whopping 2.4 million super-saving tickets priced from MYR0. Tickets can be purchased at https://www.vietjetair.com/ from 6 to 8 March, 2019.

    The promotional tickets are applicable during golden hours from 1.00pm – 3.00pm on all of Vietjet and Thai Vietjet’s domestic routes, as well as international routes connecting Vietnam to Malaysia (Kuala Lumpur), South Korea (Busan and Daegu), Taiwan (Kaohsiung, Taipei, Taichung and Tainan), Singapore, Thailand (Bangkok, Phuket and Chiang Mai), Myanmar (Yangon) and Cambodia (Siem Reap).

    To top it off, for flights linking Hanoi / Ho Chi Minh City – Osaka (Japan); Hanoi – Tokyo; and Ho Chi Minh City / Phu Quoc – Hong Kong (China), the special promotional tickets will be available at all times during the three golden day sale period. The flight period is from 7 May – 31 December 2019 (**).

    With a network comprising 39 domestic routes and 66 international routes, Vietjet operates safe flights with a technical reliability rate of 99.64% — the highest rate in the Asia Pacific region. As a fully-fledged member of International Air Transport Association (IATA), Vietjet has obtained the IATA Operational Safety Audit (IOSA) certificate and has been awarded a 7-star ranking, the world’s highest rate for safety, by AirlineRatings.

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  • Vietjet Air offers 2.4 million cheap tickets to the fast ones

    Vietjet Air offers 2.4 million cheap tickets to the fast ones

    Budget airline Vietjet Air will offer 2.4 million tickets starting from 0 VND on March 6-8 to celebrate the International Women’s Day (March 8). Promotional tickets will be on sale from 12:00 to 14:00 for flights across Vietnam, Thailand and some other international ones.

    Meanwhile, low-cost tickets for some flights to Japan and Hong Kong (China) will be offered every hour of the three days. The tickets are valid for passengers travelling from May 7 to December 31 this year.

    The promotional tickets are available on all sales channels, including the website www.vietjetair.com

    Vietjet Air currently operates 40 domestic routes and 66 international ones.

  • Major aviation deals inked as US, Vietnam presidents meet

    Major aviation deals inked as US, Vietnam presidents meet

    Three major aviation deals were signed Wednesday in the presence of Vietnamese and U.S. presidents Nguyen Phu Trong and Donald Trump. Budget airline Vietjet signed with U.S. airplane manufacturer Boeing Company a deal to buy 100 new narrow-body 737 MAX airplanes worth $12.7 billion, according to the manufacturer’s list prices.

    “The deal is an important move for us to meet our international flight network expansion plan with a higher capacity,” Vietjet president and CEO Nguyen Thi Phuong Thao said.

    Vietjet also finalised a $5.3 billion long-term engine support agreement with General Electric for the LEAP-1B engines in its fleet.

    New airline Bamboo Airways also inked a deal with Boeing for 10 wide-body 787-9 Dreamliners worth almost $3 billion.

    The carrier, owned by property and leisure company FLC Group, had placed a provisional order last year for 20 Boeing 787 jets worth $5.6 billion at list prices.

    The new deal brings the total number of Boeing 787 that Bamboo Airways has ordered to 30, worth total value of almost $8.6 billion. First aircraft are expected to be delivered in the third quarter of next year.

    Bamboo Airways is preparing to launch flights to the U.S. from late 2019 or early 2020, after Vietnam earlier this month received a Category 1 rating from the U.S, allowing local airlines to operate direct flights to the U.S.

    “Direct flights between the two countries will not only push tourism activities, but also further facilitate bilateral trade and investment,” FLC president Trinh Van Quyet said in a statement.

    Bamboo Airways is also considering the purchase of 25 narrow-body Boeing 737 MAX worth $2.5 billion, the statement said.

    Vietnam Airlines signed a $300-million for strategic partnership deal in aviation information technology with U.S.-based technology company Sabre Corporation.

    The deal is expected to help the state-owned Vietnamese airline increase IT applications in flight management and passenger service.

    Sabre has been cooperating with Vietnam airlines for over 20 years. Last year, they had signed a $400-million aviation technology application deal.

    Vietnam’s aviation sector has been booming in recent years. Local airlines served almost 50 million passengers last year, up 10.1 percent from 2017, according to the Civil Aviation Authority of Vietnam.

  • Vietnamese airlines continue to be plagued by pilot shortage

    Vietnamese airlines continue to be plagued by pilot shortage

    With increasing demand for pilots as they expand, Vietnamese airlines have had to raise salaries, spend more on training and hire foreign pilots. Figures from the Civil Aviation Authority of Vietnam show that by 2020 Vietnam will need a total of 2,680 pilots for commercial flights, 1,320 more than now. Vietnam Airlines, the country’s flag carrier, needs to hire 193 more pilots to increase the number on its payroll to 1,293 pilots to meet demand in 2019, according to the carrier’s recent assessment report.

    The assessment forecast the demand to keep rising increasing to 1,340 by 2020 and 1,570 by 2025. This is a challenging number given the increasing shortage of pilots globally, according to industry insiders.

    According to a recent report from Boeing, the global aviation industry will need 790,000 new pilots by 2037, or double the current number, driven by an anticipated doubling of the commercial airplane fleet, record travel demand and tightening labor supply.

    Pilot training has always been extremely expensive, with stringent health and technical knowledge requirements, meaning that the number of pilots qualifying is always limited, according to industry insiders.

    A former Vietnam Airlines pilot revealed that because of the shortage, soon after he gave notice of termination he received many offers from airlines both domestic and foreign.

    He said many other pilots at Vietnam Airlines also constantly offered 15-25 percent higher salaries by head hunters.

    As a result the carrier has been focusing on hiring trainees. Duong Tri Thanh, its general director, said given the global shortage of pilots and carry out its expansion plans in time, Vietnam Airlines has been training internally and recruiting foreign pilots despite high costs.

    Similarly, Jetstar Pacific or Vietjet Air are facing difficulties filling their vacancies with pilots when trying to rapidly expand in South Korea, Japan, and other countries in Southeast Asia. Currently, the number of pilots at these firms is largely foreign due to limited domestic supply. Typically, at Jetstar Pacific, foreign pilots account for 80 percent of their fleet.

    However, foreign pilots can be hard to come by since many other companies in Asia can offer them better remuneration and working conditions.

    An aviation expert said airlines need to combat the pilot shortage by investing in training facilities and recruitment programs and subsidizing training for pilot trainees.

    Vietnam’s aviation industry has been growing rapidly in recent years. There were 12.5 million air passengers last year, up 14.4 percent from 2017.

    The number of flights in the country grew by 16 percent on average between 2010 and 2017, according to official data.

    Vienam’s five airlines are Vietnam Airlines, its low-cost carrier Jetstar Pacific, budget airline Vietjet Aviation, Bamboo Airways and Vietnam Air Services Co.

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  • Vietjet to ink $13 billion Boeing deal during Trump-Kim summit

    Vietjet to ink $13 billion Boeing deal during Trump-Kim summit

    Vietnamese budget airline Vietjet will sign next week a deal to buy 100 narrow-body Boeing aircraft. The signing will take place on the sidelines of the upcoming Trump-Kim summit, sources said. The sources also said Vietjet will finalize next week a provisional deal agreed last year to buy 100 narrow-body Boeing 737 MAX jets worth almost $13 billion at list prices.

    The U.S. Federal Aviation Administration (FAA) last week gave Vietnam a Category 1 safety rating, allowing local airlines to operate direct flights to the U.S.

    Vietjet, along with other local airlines, had previously expressed interest in operating direct flights to the U.S.

    The carrier, the largest private airline in Vietnam, had also signed a deal to buy Boeing 737 MAX narrow-body jets when former U.S. President Barack Obama visited Hanoi in 2016.

    It also finalized a deal in November last year with Airbus for 50 A321neo jets during a visit to Hanoi by French Prime Minister Edouard Philippe.

    Vietjet currently operates 40 domestic routes and 66 international routes. It has 385 flights daily within Vietnam and to places such as Japan, Hong Kong, South Korea, Taiwan, Singapore, mainland China, Thailand, Myanmar and Malaysia.

  • Vietjet to open Phu Quoc-Hong Kong route in April

    Vietjet to open Phu Quoc-Hong Kong route in April

    Budget airline Vietjet said Saturday it will launch direct flights between Phu Quoc Island and Hong Kong in April. The new route will operate four flights per week starting from April 19, Vietjet said. Each flight will take 2 hours and 45 minutes per leg. Dubbed “the Pearl Island”, Phu Quoc, located in the southern province of Kien Giang, has attracted strong investments in hotels and resorts in recent years.

    Vietjet said it wants to create traveling opportunities for locals and tourists, thereby contributing to trade growth between the two destinations. The largest private airline in Vietnam currently operates 40 domestic routes and 66 international routes.

    Vietnamese airlines have been launching new international flights in recent years, with the domestic market showing signs of saturation.

    The country’s aviation industry has seen increasing demand each year. It welcomed 12.5 million air passengers last year, up 14.4 percent from 2017, according to the General Statistics Office.

    Vietnam’s aviation traffic increased 16 percent on average each year from 2010 to 2017, data from the civil aviation regulator shows.

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  • Vietjet boosts the business by opening new route

    Vietjet boosts the business by opening new route

    Vietjet continues to solidify its presence in Vietnam this holiday season with the announcement of its newest route connecting Ho Chi Minh City with Van Don (Quang Ninh Province). Bridging the gap between Vietnam’s largest city and the attractive island district in Quang Ninh Province, the new route will serve to meet the growing travel and trade demands of locals and tourists alike.

    Starting 20 January 2019, passengers will be able to travel from Ho Chi Minh City to Van Don (and vice versa) with flights operating every Monday, Wednesday, Friday and Sunday. With a flight time of 2 hours and 15 minutes per leg, the flight will depart from Ho Chi Minh City at 07:00 am and arrive in Van Don at 09:15 am. The return flight takes off from Van Don at 09:50am and lands in Ho Chi Minh City at 12:05 pm.

    In celebration of the new route, Vietjet is currently running a three golden day promotion starting 20 to 22 December 2018. 2.2million tickets priced only from MYR0 (*) will be available for booking during the promotional time between 1.00pm to 3.00pm (Malaysian time) via the website. The promotion is applicable on all domestic flights within Vietnam and the travel period is from 20 January 2019 to 31 December 2019 (excluding public holidays).

    Located in close proximity to Ha Long Bay – a UNESCO World Heritage Site, the Van Don Islands District is an attractive tourist destination comprising of over 600 large and small islands. Van Don has a unique beauty that boasts serenity and wilderness. It is home to many famous destinations such as Bai Tu Long National Park, Dua Islet, Thien Nga Islet, Quan Lan Island, Minh Chau Island, and Ngoc Vung Island.

    Aiming to be a Consumer Airline, Vietjet has continually opened many new routes, added more aircraft, invested in modern technology, while offering more add-on products and services to serve all demands of customers.

    Vietjet has been a pioneering airline, winning the hearts of millions of passengers thanks to its exciting promotions, entertainments, especially during the festive seasons. With high-quality services, diverse ticket classes and reasonable airfares, Vietjet offers its passengers flying experiences on new aircraft with comfy seats and delicious hot meals served by beautiful, dedicated and friendly cabin crews, and many more enticing add-on services.

  • Vietjet CEO becomes first Vietnamese Bloomberg game changer

    Vietjet CEO becomes first Vietnamese Bloomberg game changer

    Nguyen Thi Phuong Thao is in Bloomberg’s list of 50 people who’ve been business game changers in 2018. Thao is the first Vietnamese citizen to be named in the Bloomberg list, which highlights key players in all fields, from finance to fashion, media to manufacturing, banking to biotech, politics to philanthropy, entertainment to energy. The founder and CEO of budget carrier Vietjet Air wants to take on regional giants like Indonesia’s Lion Air and Malaysia’s AirAsia Group Bhd.

    The carrier has forecast that the number of passengers it serves this year will rise 40 percent to 24 million, as it begins to tap into Vietnam’s growing middle class by expanding overseas routes.

    The expansion further changes the face of Vietnam’s aviation market that has been long dominated by state-owned Vietnam Airlines JSC, as VietJet offers millions of Vietnamese customers who have never flown the chance to buy a cheap ticket, Bloomberg says.

    Thao, 48, has extensive experience in doing business in Vietnam and abroad in many fields, including finance, banking, aviation, realestate, and retail.

    She launched Vietjet in 2011. The airline now leads the domestic market with a 45 percent share. It operates 385 flights daily within Vietnam and to Japan, Hong Kong, South Korea, Taiwan, Singapore, mainland China, Thailand, Myanmar, and Malaysia.

    The carrier made an IPO on the Ho Chi Minh City Stock Exchange on February last year, becoming the first airline in Vietnam to list publicly.

    Thao also has interests in banking and real estate, which includes owning three beach resorts.

    Bloomberg says it comes up with the list by utilizing its worldwide resources, including the work of 2,400 journalists and unique, proprietary data and analytics.

    Also on the list this year are Jerome Powell, the U.S. Federal Reserve chairman, Amy Hood, chief financial officer at Microsoft Corp, and Ryan Coogler, director of Maverl’s movie Black Panther.

    Just last week, Thao was named the 44th most powerful woman in the world byForbes, up 11 places from last year.

    Forbes estimated the richest woman in Vietnam to have a net worth of around $2.6 billion.

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  • Vietjet CEO climbs Forbes list of World’s Most Powerful Women

    Vietjet CEO climbs Forbes list of World’s Most Powerful Women

    Nguyen Thi Phuong Thao has been named the 44th most powerful woman in the world by Forbes, up 11 places from last year. Thao is the only Vietnamese to make the magazine’s list of 100 most powerful women this year. Forbes estimated the CEO of budget carrier Vietjet Air and the richest woman in Vietnam to have a net worth of around $2.6 billion.

    Forbes compiles the list based on assets, impact, spheres of influence, media presence, and social media power.

    Thao has extensive experience in doing business in Vietnam and abroad in multiple fields such as finance, banking, aviation, real estate, and retail.

    She launched Vietjet in 2011. The airline leads the domestic market with a 45 percent share. It operates 385 flights daily within Vietnam and to Japan, Hong Kong, South Korea, Taiwan, Singapore, mainland China, Thailand, Myanmar, and Malaysia.

    Thao also has interests in banking and real estate, which includes owning three beach resorts.

    Topping the list of the most powerful women in the world, for an astonishing eighth year, was German Chancellor Angela Merkel.

    She was followed by British Prime Minister Theresa May, former U.S. Federal Reserve Chairwoman Janet Yellen and General Motors CEO Mary Barra.

    The list comprises business leaders, politicians, investors, scientists, philanthropists, and people who are finding solutions to the world’s most difficult problems or have the most global impact.

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  • Vietnam’s Vietjet valued second in Southeast Asia

    Vietnam’s Vietjet valued second in Southeast Asia

    Vietnam’s largest private airline, Vietjet Aviation, is the second most valuable airline in Southeast Asia by market capitalization. Vietjet’s value is only behind Singapore Airlines, as reported last Thursday. Last Friday, the airline was valued at $3.02 billion while Singapore Airlines topped the region at $8.29 billion.

    On Thursday, Vietjet Air launched a new international route between Hanoi and Japan’s Osaka. It plans to open two more routes to Japan in December and January.

    Earlier this month, Vietjet signed a $6.5 billion agreement to buy 50 Airbus A321neo jets.

    The airline said that the order was in line with its growth strategies and will enhance its operational efficiency and capacity, especially on international routes.

    In Vietnam, Vietjet only has to contend with two domestic rivals: the state-run Vietnam Airlines and its low-cost arm, Jetstar Pacific Airlines.

    “There are only three airlines in Vietnam, and that arrangement facilitates profit generation domestically,” a representative at an international brokerage told the Nikkei Asia Review.

    In March last year, Vietjet’s market capitalization surpassed that of state-owned Vietnam Airlines only a week after it was listed.

    Vietjet currently operates 60 Airbus jets with more than 385 flights daily within Vietnam and to countries and territories such as mainland China, Hong Kong, Japan, Malaysia, Myanmar, South Korea, Singapore, Taiwan and Thailand.

  • Vietjet Air targets young aircraft fleet to keep costs low

    Vietjet Air targets young aircraft fleet to keep costs low

    Budget carrier Vietjet Air plans a fleet age average of three years to keep fuel and maintenance costs low. Vietjet Air is in negotiations to firm up the deal after ordering 100 Boeing 737 MAX aircraft and 50 Airbus A321neo aircraft at the Farnborough International Airshow in the U.K. in July.

    The planes are expected to be delivered between 2020 and 2025, Vietjet CEO Nguyen Thi Phuong Thao said recently.

    But some analysts have questioned whether Vietjet is equipping itself with way too much aircraft, given that it already owns 62 Airbus narrow body jets.

    The carrier, which leads the domestic market with a 45 percent share, expects to receive 30 new aircraft and “retire” 10 each year between 2020 and 2025 to keep its fleet young, Thao said.

    “The average age of Vietjet aircraft is three years now and we want to keep it that way,” she said on the sidelines of a CEO conference in Bangkok.

    The average age of Vietjet’s planes is half that of other low-cost and fast-growing carriers in Asia like Malaysia’s AirAsia, Indonesia’s Lion Air and India’s IndiGo, according to Airfleets.net.

    “The main reason for the young fleet is to keep the maintenance and fuel costs low and to ensure a good service for passengers on fresh, convenient planes,” said Thao.

    Deliveries of those planes are expected to happen from now until early next year.Last month, Vietjet inked a deal to buy 10 Airbus aircraft worth $1.24 billion from Japanese and French companies.

    Thai Vietjet, which operates under a franchise contract in Thailand, is flying with seven jets and expected to add ten more jets each year, the carrier had said this month.

    Vietjet runs 385 flights daily within Vietnam and to Japan, Hong Kong, South Korea, Taiwan, Singapore, mainland China, Thailand, Myanmar and Malaysia.

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