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Tag: Vietjet

  • Vietjet to finalize $6.5 billion Airbus order: sources

    Vietjet to finalize $6.5 billion Airbus order: sources

    Vietjet is set to finalize a $6.5 billion jet order with Airbus ​during a visit to Hanoi by French PM Edouard Philippe on Friday. The order for 50 A321neo jets is part of an aggressive investment in the Vietnamese fast-growing budget carrier Vietjet’s fleet that has provided lucrative business for both Europe’s Airbus and its U.S. rival Boeing.

    It is also a boost for Airbus as it seeks to turn a raft of provisional orders put together at July’s Farnborough Airshow into hard revenues, narrowing a gap against Boeing this year.

    The deal is the biggest economic component of an official visit to Vietnam by Philippe from Nov. 2-4, during which he will oversee deals with French firms and hold talks with Vietnamese counterpart Nguyen Xuan Phuc, people familiar with the matter said.

    Airbus and Vietjet both declined to comment.

    Vietnam and France also signed an agreement in September to expand defense collaboration, although details are scant.

    VietJet CEO Nguyen Thi Phuong Thao said this week that Vietjet plans to maintain an average fleet age of just three years to keep fuel and maintenance costs low.

    It placed provisional orders for the A321neo jets and 100 Boeing 737 MAX jets in Farnborough and has been negotiating to firm them up, with deliveries expected between 2020 and 2025.

    The formal signing, to take place on Friday, will help to dispel doubts over the substance of deals announced in Farnborough, which was marked by a rash of vague or incomplete order announcements.

    Finalizing such deals can involve tough negotiations as airlines try to squeeze out last-minute concessions.

    However, finance industry sources have expressed concerns about a glut of orders in Southeast Asia from airlines like Vietjet, Malaysia’s AirAsia and Lion Air of Indonesia and question whether all of the several hundreds of planes on order from the Asian low-cost carriers will actually be delivered.

    Vietjet told the Airline Economics conference in Hong Kong this week that low-cost airlines have a relatively low market position in Vietnam, and that those most successful in driving down unit costs would ride out any downturn in the market.

    Vietnam’s expansion has also been peppered with trade sensitivities as Vietjet – which says it enjoys government support – juggled Airbus and Boeing procurements: a strategy also designed to win bigger discounts.

    Two years ago, Boeing upstaged Airbus by clinching an order for 100 737s during a visit by then-U.S. President Barack Obama.

    Until then, VietJet had only bought from Airbus, including an order for 92 jets in 2013.

    Philippe’s visit is the latest example of Western leaders beating a path to Asia’s low-cost carriers, whose orders have secured thousands of manufacturing jobs, trade experts said.

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  • Vietjet and Japan Airlines to Commence Code share Ticket Sales

    Vietjet and Japan Airlines to Commence Code share Ticket Sales

    New-age airline Vietjet and Japan Airlines (JAL) has announced that both carriers` will begin sales of their codeshare flights starting Tuesday, 23 October 2018.

    This follows a formal partnership agreement between both parties in 2017, in which Vietjet and JAL signed a Memorandum of Understanding for commercial cooperation. The two airlines now offer codeshare flights on domestic destinations in Vietnam and on international flights between Vietnam and Japan.

    Applicable routes operated by Vietjet include domestic flights connecting Ho Chi Minh City and Hanoi; Ho Chi Minh City and Da Nang; Hanoi and Da Nang; and international flights linking Kansai with Hanoi. The codeshare flights will be available for travel from 28 October 2018, while the Kansai to Hanoi route specifically commences operation on 8 November 2018.

    According to the agreement, Vietjet and JAL aims to continue expanding their codeshare routes in the near future, including other flight services between Japan and Vietnam as well as JAL’s domestic flights, and Vietjet’s domestic flights.

    Vietjet, the largest domestic airline in Vietnam, started its flight services in 2011 and now operates an expanding network all over Vietnam and Asia. Offering convenient and friendly services with reasonable fares and many other attractive add-on services, Vietjet has succeeded in creating new demands in Vietnam. As a new-age carrier, it also offers top-class service called “SkyBoss”, which has been very well received among passengers expecting quality service.

     

  • President and CEO of Vietjet honored with ASEAN Entrepreneurs Award 2018

    President and CEO of Vietjet honored with ASEAN Entrepreneurs Award 2018

    President and CEO of Vietjet, Nguyen Thi Phuong Thao was recently honoured as one of two winners of the ASEAN Entrepreneurs Award 2018 for her significant contributions in bolstering the economic trade exchange between South Korea and ASEAN at the 19th World Knowledge Forum held in Seoul, South Korea.

    The awards ceremony was co-organized by the ASEAN – Korea Center and Maekyung Media Group, one of the most influential media groups in Korea.

    Speaking at the ceremony, Mr. Lee Hyuk, Secretary General of the ASEAN – Korea Center said, “We are very delighted that President and CEO of Vietjet, Nguyen Thi Phuong Thao was selected as one of two winners of the ASEAN Entrepreneurs Award 2018. This is an acknowledgement of Vietjet’s high-quality operation, its creative services and meaningful contributions during the past few years. I firmly believe that the award will serve as a springboard for Vietjet to promote its business and to expand its presence in Korea as well as make greater contribution to the economic and trade cooperation between ASEAN and Korea.”

    On delivering the Vietjet story at the Forum, Vietjet Vice President Nguyen Thi Thuy Binh said, “Vietjet commenced its debut flight connecting Vietnam and South Korea in 2013, and since then, it has been our great pride to have positively contributed to the development of travel and trade exchange between the two countries. As of 2017, the passenger turnover to and from both countries reached over five million passengers, a triple increase compared to that of 2013. The number of airlines commencing routes in the Vietnam to South Korea network increased from three in 2013 to ten in 2017. There were around 750 flights per week, eight times higher than that of 2013. Vietjet itself carried more than two million passengers, many of whom were first–time air travellers. Realising people’s flying dreams has certainly been our greatest pleasure.”

    Established in 2000, the World Knowledge Forum gathers over 200 political heads, business leaders and prominent public figures to discuss pressing global issues and seek ways to promote a balanced prosperity of the global economy.

    This year, the forum had the pleasure of hearing from world renowned speakers which included the likes of Janet Yellen, Chair of the Board of Governors of the Federal Reserve System (2014-2018); Kersti Kaljulaid, President of Estonia; Wang Zhenghua, President of Spring Airlines; and many other outstanding speakers.

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  • Vietjet Inks Financing Agreements for Fleet Expansion Worth US$1.2billion

    Vietjet Inks Financing Agreements for Fleet Expansion Worth US$1.2billion

    Vietjet signed and exchanged an aircraft financing agreement with Mitsubishi UFJ Lease & Finance Company Limited (MUL) – a member of Japan’s leading finance group Mitsubishi UFJ Financial Group (MUFG), and France-based banking group BNP Paribas. The signing ceremony was witnessed by Vietnam Prime Minister Nguyen Xuan Phuc and several high-ranking Japanese and Vietnamese dignitaries. The agreement paves the way for MUL and BNP Paribas to finance Vietjet’s acquisition of up to five brand new aircraft, worth US$614 million, according to the manufacturer’s listed price.

    Additionally, Vietjet also signed a Memorandum of Understanding valued at US$625 million according to the manufacturer’s listed price with France-based banking group Natixis and some Japanese equity underwriters to facilitate the financing for five additional aircraft.

    These deals were made under a financing plan for Vietjet’s future ownership of the aircraft.

    The acquisition of these aircraft is part of a new-and-modern aircraft contract signed earlier between Vietjet and Airbus, including A321neo aircraft, which incorporates the latest in engine design, advanced aerodynamics and cabin innovations. According to the aircraft manufacturer, A321neo engines offer a significant reduction in fuel consumption — at least 16 percent from day one and 20 percent by 2020 — as well 75% reduction in noise and 50% in emissions.

    All aircraft financed will be delivered to Vietjet in the last quarter of 2018 or early 2019.

    Speaking at the signing ceremony, Vietjet’s Vice President Dinh Viet Phuong said, “The critical financing agreements signed once again confirms the confidence of leading Japanese financiers in Vietjet as the airline prepares to launch new routes to Japan soon. Also, these deals will greatly contribute to Vietjet’s plan for fleet expansion and network growth in the coming time, thus helping to better connect Japan and Vietnam. We are proud to have leading and renowned financing partners accompany us on the airline’s growth path. Together we are all fully committed to bring greater added values to the community.”

    Under the terms of the agreement, Vietjet and all financing partners will also work together to share best practices for the operation and management of the airline, boosting effectiveness and encouraging sustainable growth.

    Vietjet currently operates the latest generation narrow body aircraft fleet, which has helped the airline achieve an impressive operation performance rating of 99.66% for technical reliability.

    The airline’s flight safety performance and ground operation indicators are also amongst the top in the region while operating costs are among the lowest in the world.

    Vietjet was recently listed by Airfinance Journal as one of the world’s 50 best airlines for healthy financing and operations, achieving a better ranking than many of the world’s most prestigious airlines.

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  • Vietjet Sends Aid to Earthquake and Tsunami Victims in Indonesia

    Vietjet Sends Aid to Earthquake and Tsunami Victims in Indonesia

    In response to the devastating events that hit Indonesia recently, Vietjet kicked into action to provide aid relief for the earthquake and tsunami affected victims. A special flight VJ2611 themed “Love connection” landed in Jakarta (Indonesia) yesterday carrying nearly 7 tons of relief aid which included canned foods, blankets and basic necessities.

    The flight not only transported Vietjet’s relief cargo, but also symbolised the love and empathy of Vietnamese people towards those affected by the recent events.

    This was an emergency response initiative conducted by Vietjet within the span of three days, in which the airline’s leaders and employees sought to quickly organise the flight, handle technical preparations, complete the flight permit, as well as launch a voluntary donation campaign throughout the airline to make the flight possible.

    On the evening of 28 September, a 7.5 magnitude earthquake hit off the coast of Sulawesi, triggering dozens of aftershocks and a tsunami that devastated the coastal areas of Palu and Donggala. Authorities estimated at least 1,300 people were killed and the death toll is expected to rise. Around 16,700 people have been displaced and 2.4 million people are in need of humanitarian aid.

    In 2013, Vietjet operated two flights which transported relief cargo as well as brought Vietnamese victims home safely after super typhoon Haiyan destroyed many cities in the Philippines. The airline also organized many relief flights to Vietnam’s central region after the floods, and initiated a “Spread the Love” campaign offering free flights to bring underprivileged people home to celebrate the Lunar New Year holidays.

    Volunteering and charity work has become a part of Vietjet’s DNA and corporate culture as the airline continues to share the love and support disaster-hit victims and underprivileged people.

  • Vietjet signs $1.24 bln financing deal for new Airbus planes

    Vietjet signs $1.24 bln financing deal for new Airbus planes

    Vietjet signed a financing agreement with Mitsubishi UFJ Lease & Finance Company Ltd and France-based BNP Paribas Bank to finance the carrier’s acquisition of up to five new aircraft worth $614 million at list price, it said in a statement.

    Vietjet also signed a memorandum of understanding valued at $625 million for financing and future ownership of five other aircraft at list prices with France-based banking group Natixis and some Japanese equity underwriters, it said.

    The acquisition of the aircraft is part of a contract signed earlier with Airbus and includes A321neo aircraft, Vietjet said, adding all aircraft financed on Wednesday will be delivered in the last quarter of 2018 or early next year.

    “These deals will greatly contribute to Vietjet’s plan for fleet expansion and network growth in the coming time,” said Vietjet Vice President Dinh Viet Phuong.

    In July, Vietjet placed provisional order to buy 50 A321neo Airbus aircraft worth $6.5 billion at list prices while it also struck a deal for 100 Boeing passenger jets worth almost $13 billion at list prices.

    Vietjet, Vietnam’s biggest private airline, currently operates 60 Airbus aircraft with more than 385 flights daily within Vietnam and to countries such as Japan, Hong Kong, South Korea, Taiwan, Singapore, China, Thailand, Myanmar and Malaysia.

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  • VietJet inked 100 Boeing 737 jets deal

    VietJet inked 100 Boeing 737 jets deal

    Boeing Co struck a new deal for 100 passenger jets with Vietnamese budget airline VietJet Aviation JSC VJC.HM on Wednesday, deepening a battle for market share against rival Airbus (AIR.PA) in one of southeast Asia’s hottest markets.

    Boeing and VietJet signed the provisional order for 100 Boeing 737 MAX airplanes worth almost $13 billion at list prices at the Farnborough Airshow in southern England.

    Of these, 80 are the recently launched 737 MAX 10 – the largest version of Boeing’s best-selling 737 range – and 20 are the benchmark 737 MAX 8 model.

    “The growth is incredibly strong in Southeast Asia,” said Boeing Commercial Airplanes CEO Kevin McAllister. “VietJet is a major player there.”

    The draft deal comes two years after Boeing upstaged Airbus by clinching an order for 100 737 MAX jets during a visit by then-U.S. President Barack Obama.

    Until then, VietJet had only ordered planes from Airbus, including a bumper order for 92 jets in December 2013.

    However, aircraft finance industry sources have expressed doubts over whether all the planes on order would be delivered on schedule amid a glut of airplane orders in the region.

    VietJet CEO Nguyen Thi Phuong Thao insisted on Wednesday the airline would use both the A320 and 737 aircraft in its fleet and would have “no problem” taking delivery.

    The companies said VietJet, one of the fastest-growing carriers in southeast Asia, needed the planes to satisfy surging demand on high-dense domestic routes as well as popular routes throughout Asia.

    Vietnam’s first privately owned airline will become the largest MAX 10 customer in Asia once the deal is completed, with deliveries due in 2022-2025, the companies said.

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  • Vietjet Partners with Shinhan Bankto Offer Cashback deals

    Vietjet Partners with Shinhan Bankto Offer Cashback deals

    Get ready to be infected by the travel bug as summer is soon to kick in full swing! For all you globetrotters out there, now’s your chance to make the most of your travel plans as Vietnamese carrier – Vietjet is offering irresistable cashback deals in celebration of the summer.

    Starting 8 June to 5 July 2018, Vietjet is partnering with Shinhan Bank to offer an amazing VND500,000 cashback for the first 400 card holders when a minimum of VND5,000,000 is spent on Vietjet tickets via Shinhan/ANZ credit cards.

    The promotion will be spread across four phases namely, 8 to 14 June; 15 to 21 June; 22 to 28 June and 29 June to 5 July 2018, with cashbacks offered to the first 100 early-bird customers who meet the promotion requirements. The cashback will be credited to the card holders’ payment accounts before 26 July 2018.

    An award-winning and pioneering airline, Vietjet is much loved by travelers for its exciting promotional and entertainment programs, especially during festive seasons. With high-quality services, diverse travel categories and special low-fare tickets, the airline offers its passengers memorable flying experiences on new aircrafts with comfy seats, delicious hot meals served by beautiful and friendly cabin crew, and many other interesting added-on services.

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  • Vietjet to launch Zero Fare Tickets promo, again

    Vietjet to launch Zero Fare Tickets promo, again

    If the weekday blues are getting you down, fret not as fast growing Vietnamese carrier – Vietjet is offering the ultimate midweek pick-me-up with its latest zero fare ticket promotion.

    Starting today until 8 June 2018, the airline is offering 400,000 tickets priced from only VND0 as part of its ongoing ‘Free up Your Summer with Vietjet’ campaign. The promotional tickets are applicable on all international routes to Seoul (South Korea); Hong Kong; Kaohsiung, Taipei, Taichung, Tainan (Taiwan); Singapore; Bangkok, Phuket, Chiang Mai (Thailand); Kuala Lumpur (Malaysia); Yangon (Myanmar); Phnom Penh, Siem Reap (Cambodia) for travels between 1 August to 31 December 2018 (excluding national holidays).

    These tickets are available for booking during the golden window of 1pm – 3pm (local time) daily at Vietjet website.

  • Vietjet Opens Direct Flight from Hanoi to Osaka

    Vietjet Opens Direct Flight from Hanoi to Osaka

    Vietnam’s new-age carrier Vietjet will officially launch a direct route connecting Hanoi with Osaka (Japan) on 8 November 2018, looking to further boost tourism and trade integration between the two countries and across the region.

    A special ceremony to announce the new route was held today at the Japan-Vietnam Economic Forum in Tokyo with Vietnam’s President Tran Dai Quang, Japanese government’s representatives, and officials from both countries joining representatives of Vietjet.

    At the ceremony, Vietjet, SBI Leasing Services, Natixis and some of the Japanese equity arrangers also signed a MOU worth a total of nearly US$600 million for the purpose of aircraft financing.

    Using Vietjet’s new and modern A320 aircraft, the Hanoi-Osaka route will operate on a daily basis with a flight time of more than four hours per leg. As proposed, the flight will depart from Hanoi each day at 1:45am and arrive in Osaka at around 7:50am (local time). The return flight will take off from Osaka at 9:20am and land in Hanoi at around 1:10pm (local time).

    Vietjet’s new service to Osaka will bring the airline’s total number of international routes to 45 while also servicing 38 domestic routes.

    Speaking at the ceremony, Vietjet’s Vice President Nguyen Thi Thuy Binh said, “We are excited to be preparing to launch this new route. The Hanoi-Osaka route will be the first service for Vietjet’s expansion into Japan – the Land of the Rising Sun. We believe that this new connection and our expanding network will help make the travel dreams of millions of passengers come true.”

    “Japan is known to people from all over the world for its natural beauty especially for its cherry blossom season and Mt. Fuji. The country is also adored for its many enviable cultural heritage, friendly people, mouth-watering cuisine and cutting-edge technology. As part of our expansion strategy in Japan, we will continue to open new routes connecting Vietnam and Japan’s economic and tourism hubs in order to diversify destination choices and meet the growing demand for air travel between the two countries and beyond to better connect with the rest of the world,” added Binh.

    Osaka is Japan’s third largest city with a population of over 2.7 million people. It is not only the capital of the Kansai Region but also considered to be a cultural treasure of Japan for its striking traditional architecture and authentic Japanese cuisines. The city is well-known for its stunning tourist attractions and entertainment destinations such as the Osaka Castle (Ōsakajō), Sumiyoshi Taisha, Minoo Park, Universal Studios, Minami (Namba) and many more.

    Vietjet has already collaborated with Japanese travel agencies to operate many direct-chartered flights from Vietnam to Osaka as well as Narita, Sendai, Nagoya, Ibaraki and Fukushima, a demonstration that the airline’s services and its efforts in connecting the two countries has been very well received.

    Following a “Consumer Airline” model, Vietjet continues to open new routes, add more aircraft, invest in modern technology and offer more added-on products and services to serve the demands of millions of satisfied customers.

    An award-winning and pioneering airline, Vietjet is much loved by travelers for its exciting promotional and entertainment programs, especially during festive seasons. With high-quality services, diverse travel categories and special low-fare tickets, the airline offers its passengers memorable flying experiences on new aircrafts with comfy seats, delicious hot meals served by beautiful and friendly cabin crew, and many other interesting added-on services.

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  • Vietjet offers 1 million tickets for summer celebrations in Vietnam

    Vietjet offers 1 million tickets for summer celebrations in Vietnam

    Continuing the biggest promotion of the year “Free up your summer with Vietjet”, Vietjet offers a three-day series from today to May 25, 2018 with 1,000,000 tickets priced only from HKD0 during the golden hours of 13:00 to 15:00 (GMT+8) on its website. The promotional tickets are applied on all Vietjet domestic routes in Vietnam with the flight period from August 20 to December 31, 2018.

    The tickets are available on all channels during the golden hours of the “12pm, It’s time to Vietjet!” promotion program on the website www.vietjetair.com, or www.facebook.com/VietjetHongKong; payment can be easily made with debit and credit cards of Visa/ MasterCard/ AMEX/ JCB/ KCP.

    Aiming to be a “Consumer Airline”, Vietjet is continually opening new routes, adding more aircraft, investing in modern technology and offering more added-on products and services to serve all demands of customers. Vietjet is a pioneering airline that is loved by many for its exciting promotional and entertainment programs, especially during the festive season. With high-quality services, diverse ticket classes and special low-fare tickets, Vietjet offers its passengers flying experience on new aircraft with comfy seats, delicious hot meals, beautiful and friendly cabin crew, and other interesting added-on services.

  • Free up your summer with two million Vietjet HK$0 tickets

    Free up your summer with two million Vietjet HK$0 tickets

    Welcome the coming of summer with Vietjet’s biggest promotion of the year, “Free up your summer with Vietjet”, which comes with millions of super promotional tickets priced from only HK$0 during the period of May 9 to July 31, 2018.

    On the first week of this exciting campaign, Vietjet will run a three-golden-day promotion offering 2,000,000 tickets priced from only HK$0 from May 9 to May 11 at www.vietjetair.com. The promotional tickets are available for Vietjet’s all domestic routes in Vietnam, Hong Kong–Ho Chi Minh City route and the airline’s other international routes from Seoul, Busan, Daegu (South Korea)/ Kaohsiung, Taipei, Taichung, Tainan (Taiwan)/ Singapore/ Bangkok, Phuket, Chiang Mai (Thailand)/ Kuala Lumpur (Malaysia)/ Yangon (Myanmar)/ Phnom Penh, Siem Reap (Cambodia) to Vietnam with flight period from August 20 to December 31, 2018?

    Summer is the season of joy, excitement and adventure. It is also the perfect time to “fly” with a youthful spirit, leaving behind all worries.Let’s fly with your family, friends across Vietnam and overseas destinations… with many exciting in-flight services this summer.

    Aiming to be a “Consumer Airline”, Vietjet is continually opening new routes, adding more aircraft, investing in modern technology and offering more added-on products and services to serve all demands of customers. Vietjet is a pioneering airline that is loved by many for its exciting promotional and entertainment programs, especially during the festive season. With high-quality services, diverse ticket classes and special low-fare tickets, Vietjet offers its passengers flying experience on new aircraft with comfy seats, delicious hot meals, beautiful and friendly cabin crew, and other interesting added-on services.

  • Vietjet reports first quarter profits of over USD65 million

    Vietjet reports first quarter profits of over USD65 million

    Vietjet Aviation Joint Stock Company (HOSE: VJC) has just released its consolidated financial statement for the first quarter of 2018 with significant growth for the airline that exceeds expectations.

    The airline’s revenue stood at VND12,560 billion (USD552 million), a year-on-year increase of 146% that is attributed to growth in passenger transport, ancillary service and sales and leaseback revenue.

    The airline’s fleet expansion, coupled with the opening of new international routes, raised its transport revenue to VND6,035 billion (USD265 million), an increase of 52% over the same period last year, and 10% higher than the company’s target. Vietjet’s core business profit was increased to nearly VND737 billion (USD32 million), a 74% jump over the previous year’s figure. Ancillary revenue also increased to VND1,825 billion (USD80 million), a rise of 64% year-on-year.

    The positive results in revenue growth contributed significantly to the company’s gross profit of VND1,810 billion (USD79 million), a 135% increase year-on-year. At the same time, sales and management costs also increased at a lower rate compared to revenue growth. Therefore, Vietjet’s profit before tax in this quarter stood at VND1,480 billion (USD65 million), an increase of 254% compared to Q1 2017. After-tax profit of the parent company’s shareholders stood at VND1,366 billion (USD60 million), a 263% increase. Earnings per share in this quarter stood at VND3,026 (USD0.13), one of the highest EPS on the Vietnamese stock market.

    Vietjet’s Q1 results were 25.5% over the airline’s original target of VND50,970 billion (USD2.24 billion) in revenue and VND5,806 billion (USD255 million) in profit before tax for 2018.

    In the first quarter of 2018, Vietjet operated 28,830 safe flights with the technical reliability rate of 99.7%, and with the safety performance indicators of flight as well as ground operation amongst the top in the region. The on-time performance in the first quarter stood at 83.4%. During Q1, Vietjet also announced plans to open international routes to India and Australia in line with its plans to expand its international flight network after having achieved full coverage on the domestic network.

    The airline’s stellar Q1 performance was further buoyed by the naming of Vietjet as the region’s top fastest growing airline by Singapore’s Changi Airport.

    As of March 31, 2018, Vietjet’s undistributed profit after tax was VND6,724 billion (USD295 million). The company will pay a cash dividend of 10% on May 25, 2018 to its shareholders and is on its way to finalizing the necessary procedures at the State Securities Commission of Vietnam to settle the remaining 20% dividend of 2017 by shares. Earlier last week at the 2018 General Shareholders Meeting, the shareholders also agreed with a proposal to pay dividends of 50% of its profits in 2018.

  • Vietjet further expands with new routes to Taiwan and South Korea

    Vietjet further expands with new routes to Taiwan and South Korea

    Vietjet continues its Asian expansion program with the launch of two new international routes: Hanoi – Taichung (Taiwan) and Danang – Daegu (South Korea). Tickets have started selling for the two routes which will meet the traveling demand of both locals and tourists and contribute to regional trade and integration promotion.

    The Hanoi – Taichung route will be operated with 5 return flights per week on every Monday, Wednesday, Friday, Saturday and Sundayfrom June 22, 2018 with around two and a half hours flight time per leg. The flight departs from Hanoi at 13:00 and arrive in Taichung at 16:30 (local time). The return flight takes off at 17:30 (local time) in Taichung and lands in Hanoi at 19:20.

    The Danang – Daegu route will be operated on a daily basis from July 19, 2018 with around four and a quarter hour flight time per leg. The flight will depart from Danang at 00:15 and arrive in Daegu at 06:30 (local time). The return flight will take off at Daegu at 07:30 (local time) and lands in Danang at 10:00 every day.

    With 6 routes serving Taiwan including HCMC – Taipei; Hanoi – Taipei; HCMC – Kaohsiung; Hanoi – Kaohsiung; HCMC – Tainan; HCMC – Taichung, Vietjet is the airline flying the most Taiwanese destinations from Vietnam.

    Daegu is the fourth largest city of South Korea, after Seoul, Busan and Incheon. With a convenient and diversified transportation system, Daegu is connected with many major cities of South Korea. Palgongsan Mountain, Cosmos Land or many famous parks including Apsan Park, Woobang Tower, Daegu Arboretum, Mangwoo Park, Gyeongsan-gamyeong and Gukchaebosang Memorial Park are the most favourite tourist attractions in Daegu.

    Aiming to be a “Consumer Airline”, Vietjet is continually opening new routes, adding more aircraft, investing in modern technology and offering more added-on products and services to serve all demands of customers. Vietjet is a pioneering airline that is loved by many for its exciting promotional and entertainment programs, especially during the festive season. With high-quality services, diverse ticket classes and special low-fare tickets, Vietjet offers its passengers flying experiences on new aircraft with comfy seats, delicious hot meals, beautiful and friendly cabin crews, and other interesting added-on services.

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  • Vietjet reports a year of success with high growth and more international routes in 2018

    Vietjet reports a year of success with high growth and more international routes in 2018

    Vietjet yesterday reported a year of success at the Annual General Shareholders Meeting (AGM) 2018 of Vietjet Aviation Joint Stock Company (HoSE: VJC – HOSE), with 91.74% shareholders in attendance and high approval ratings for all issues raised at the AGM.

    According to the report presented by Vietjet Managing Director, Luu Duc Khanh, who spoke on behalf of the Board of Management, the company enjoyed a successful year across all categories.

    Specifically, Vietjet received 17 aircraft, including the first A321 Neo in Southeast Asia. By continually saving costs efficiently and effectively, Vietjet has maintained the most efficient operating costs in the region. Indicators for operation safety and ground operation were also among the highest in the region. The airline’s technical reliability reached 99.66%, the highest level among the Airbus’ A320/321 fleet worldwide.

    To continue its expansion of domestic routes as well as penetrating the markets in the North Asia region, up until the end of 2017, Vietjet operated 38 domestic routes and 44 international routes connecting major cities in a part of the world that is home to more than half of the world’s population. In 2017, the company operated 98,805 safe flights, transporting 17.11 million passengers, a 22% increase over 2016.

    Besides increasing the volume of international passengers and the number of international charter flights, ancillary services also grew in proportion to the number of flights. At the AGM, Vietjet also announced that the airline had surpassed its financial targets. According to the audited and consolidated financial statements of 2017, revenue stood at VND42,303 billion (US$1.92 billion), after-tax profit stood at VND5,073 billion (US$230.59 million), with increases of 54% and 73% respectively over 2016. Earnings per share reached VND11,356 (US$0.52).

    On February 28, 2017, Vietjet listed its shares on the Ho Chi Minh City Stock Exchange (HoSE) with the Board of Directors’ total commitment in applying international standards in corporate governance, management and information transparency.

    On the back of these positive business results, the Board of Directors proposed and received approval from the shareholders to increase the dividend payment of 2017 from 50% to 60%. Accordingly, the company advanced a 30% dividend payment in cash and will pay a cash dividend of 10% on May 25. Vietjet will pay a further dividend of 20% by shares.

    In 2018, the company has set a target to reach VND50,970 billion (US$2.24 billion) in revenue and VND5,800 billion (US$254.75 million) in profit, with increases of 20.5% and 10% respectively compared to those of 2017. The Board of Directors also submitted a proposal to the shareholders to increase the dividend payment of 2018 to 50%.

    The aviation market of Vietnam and the region is expected to continue growing strongly in 2018, especially as the economy is forecast to achieve the highest GDP growth ever, and the government is promoting tourism as a key economic sector that will attract millions of tourists to Vietnam. With its expanding fleet and increasing number of new international routes to destinations in countries such as Japan, India and Australia, Vietjet is on its way to becoming a multi-national airline with a global vision and competitive abilities.

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