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Tag: Vietjet

  • Vietjet Soaring to Greater Heights

    Vietjet Soaring to Greater Heights

    In just a little over a decade, Vietjet – Vietnam’s new-age airline has taken Asia and the world by storm, making waves in the global aviation industry and turning heads with its rapid growth, unique service offerings and cheeky out-of-the-box ideas.

    Once the underdog of the race, Vietjet is now leading the domestic aviation market in Vietnam and actively expanding its fleet to support its foray into new international markets.

    Earlier this year, the airline was the first in Southeast Asia to take delivery of an A321neo Airbus aircraft, adding to its existing fleet of 55 aircraft, which includes a mix of A320s and A321s.

    Vietjet also recently announced its decision to upgrade an existing order for 42 A320neo aircraft to the superior and larger A321neo models. Accordingly, the airline now has a total of 73 A321neo and 11 A321neo on order for future delivery.

    The airline currently operates 44 international routes, including flights to and from Hong Kong, Thailand, Singapore, South Korea, Taiwan, Malaysia, Cambodia, China and Myanmar – making traveling across Southeast Asia both convenient and less expensive. Domestically, Vietjet’s extensive flight network connects passengers to a total of 38 destinations within Vietnam, allowing travellers to explore the many hidden gems the country has to offer.

    With a vision of becoming a favourite multinational airline, Vietjet has also made great strides in the expansion of its flight network both domestically and internationally. The airline has established a comprehensive code-sharing partnership with Japan Airlines, providing customers better access to destinations between Vietnam and Japan, and beyond.

    Just recently, the airline also announced plans to connect Vietnam with New Delhi, India and Brisbane, Australia. Scheduled to commence in 2019, the non-stop service between Ho Chi Minh City and Brisbane will give the airline much reason to celebrate as it will mark Vietjet’s first Australian long-haul destination.

    There is no denying the vast potential of the growing tourism market. Moving forward, Vietjet aims to continue exploring unchartered territories, forging partnerships and taking hold of opportunities to facilitate deeper international and regional integration. In the coming months, the airline will continue adding new routes to its ever-expanding list of destinations, spreading its wings to even more destinations across the globe. These are but a few of the things the airline is doing to better serve its customers in the region.

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  • Vietjet plans to pay a dividend of 60% for its US$231 million profits

    Vietjet plans to pay a dividend of 60% for its US$231 million profits

    Vietjet today announced its plan to pay a dividend of 60% of its 2017 profits after posting positive business results for the year. According to the audited and consolidated financial statements released by Vietjet Aviation Joint Stock Company (HOSE: VJC), the airline’s after-tax profit stood at VND5,074 billion (US$230.63 million).

    The airline’s net revenue stood at nearly VND42,303 billion (US$1.92 billion). After-tax profit of Vietjet in 2017 stood at VND5,074 billion (US$230.63 million). These figures have exceeded the airline’s targets for 2017 respectively by 150% and 103% year-on-year.

    Profit attributable to shareholders of the parent company increased to VND5,073 billion (US$230.59 million), exceeding the company’s targets for 2017 by 150% and 103.3% year-on-year. Earnings per share (EPS) stood at VND11,356 (US$0.52), an increase of 73% year-on-year.

    Vietjet’s unallocated profit up to December 31, 2017 was VND5,809 billion (US$264 million). Before that, the company raised its 2017 dividend payout from 50% to 60% due to its positive business results. Vietjet advanced the 2017 cash dividend payment at the rate of 30% and plans to pay the remaining 30% dividend in shares. With the higher profits and cash reserves, the Board of Directors expects to submit the proposal for the payment of 10% cash dividend and 20% share dividend in the coming Shareholder Annual Meeting. Vietjet has built a reputation for consistently making high dividend payments to its shareholders.

     

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  • Vietjet launches Summer Promotion with 500,000 tickets

    Vietjet launches Summer Promotion with 500,000 tickets

    Vietjet is to launch a 3 golden days promotion from April 4 to 6, 2018, with half a million tickets priced from HKD0. Available on its website www.vietjetair.com, the promotion is part of Vietjet’s Summer Promotion.

    The promotion applies for international route flying from Ho Chi Minh City to Hong Kong and all other international services from Vietnam to Seoul, Busan (South Korea)/ Kaohsiung, Taipei, Taichung, Tainan (Taiwan)/ Singapore/ Kuala Lumpur (Malaysia)/ Bangkok, Phuket, Chiang Mai (Thailand)/ Yangon (Myanmar) and Phnom Penh, Siem Reap (Cambodia). The flight period of this promotion is from May 5 to December 31, 2018(**).

    Vietjet’s three golden days promotion will offer passengers the opportunity to experience the native traditions of the new year of Southeast Asian countries, while planning for their summer vacations in many attractive international destinations.

    The promotional tickets are available during the golden hours from 13:00 to 15:00 (GMT+8) on their website. Payment can be easily made with debit and credit cards of Visa/ MasterCard/ AMEX/ JCB and KCP.

    Aiming to become 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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  • Sovico registers to buy 13.7 million Vietjet shares

    Sovico registers to buy 13.7 million Vietjet shares

    Sovico Holdings Company registered to purchase nearly 13.7 million shares of Vietjet Aviation Joint Stock Company (VJC) between March 26 and April 25.

    Sovico is a founding shareholder of the budget airline, owning 4.56 per cent of Vietjet’s capital. If the transaction is successful, Sovico will increase its ownership to 34.3 million shares, equivalent to 7.59 per cent, and become a major shareholder in Vietjet.

    Currently, Nguyễn Thị Phương Thảo, Vietjet’s general director and chairman of Sovio, holds 8.76 per cent of Vietjet’s capital. Her private company, Hướng Dương Sunny Investment Co Ltd, is the largest stakeholder with 28.57 per cent.

    HDBank, where Thảo is vice president, owns another 4.95 per cent, while her relatives possess a combined 2 per cent.

    Thus, after the transaction, Thảo and her related companies and individuals will likely hold nearly 52 per cent of Vietjet’s capital.

    At the end of 2017, the airline’s revenue totaled VNĐ42.3 trillion, up 53.7 per cent year-on-year. Its pre-tax profit reached nearly VNĐ4.8 trillion, up 75.9 per cent over last year and surpassing the yearly target by 26 per cent.

    Vietjet increased the dividend ratio for 2017 from 50 per cent to 60 per cent and had paid VNĐ1.35 trillion to pay 30 per cent dividends last year.

     

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  • Vietjet announces plan to open direct flights from Vietnam to Australia

    Vietjet announces plan to open direct flights from Vietnam to Australia

    Vietjet is set to make Brisbane its first Australian long haul destination following the signing of a Memorandum of Understanding (MoU) between the airline and Brisbane Airport Corporation (BAC), Queensland, Australia.

    Scheduled to commence in 2019, the non-stop service between Ho Chi Minh City and Brisbane is expected to boost trade integration and exchange, a move that will greatly serve the interests of the region.

    The signing ceremony which took place in Sydney was witnessed by Vietnam Prime Minister Nguyen Xuan Phuc and other senior leaders of Vietnam and Australia. During which, Vietjet also signed a MoU worth US$609 million with Investec Bank PLC to finance the purchase of five Airbus A321 aircraft at manufacturers’ list price.

    Julieanne Alroe, CEO and Managing Director of BAC said travel between Queensland and Vietnam has been growing at an average 8 per cent per annum over the last five years and this new service would further stimulate the market. “It makes perfect sense for Vietjet to choose Brisbane, Queensland as its very first Australian port for direct flights given Ho Chi Minh City is one of Brisbane’s top five markets without non-stop services. We look forward to welcoming Vietjet to the Brisbane Airport family and further strengthening the ties between Queensland and Vietnam,” she said.

    Vietjet Vice President Nguyen Thi Thuy Binh said, “Vietjet has been well prepared with comfortable, high-quality and friendly services to expand its international flight network to top destinations, connecting Vietnam’s economic and tourism hubs with Asia Pacific countries, including Australia – a popular tourist and business hotspot”.

    “This new route addition presents us with an opportunity to better serve the demands of travelers in Vietnam and the region. We are proud to be the pioneer airline to operate direct services from Vietnam to Brisbane, a dynamic business centre that boasts friendly people, pleasant weather and living conditions that is very attractive for international travelers.”

    Located in Southeast Australia, Brisbane – the capital of the Sunshine State, boasts a population of over 2 million people, making it the third-largest city in Australia. Brisbane’s year-round idyllic subtropical weather, award-winning food and wine, adventurous activities and spectacular scenery has been a major draw-card for many domestic and international travelers, especially those from the Asia Pacific region, including Vietnam.

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  • Vietjet Bags ‘Best Vietnam Deal’ Award for its Successful IPO in 2017

    Vietjet Bags ‘Best Vietnam Deal’ Award for its Successful IPO in 2017

    Vietjet Aviation Joint Stock Company (HOSE: VJC) was recently presented the ‘Best Vietnam Deal’ award in recognition of its successful IPO held in early 2017 by Finance Asia, Asia’s leading finance publication.

    A true testament to Vietjet’s well executed IPO as well as the airline’s subsequent accomplishments throughout the year, the award successfully lifts Vietjet and other Vietnam based companies’ position in the global capital market.

    The Finance Asia Awards, one of the world’s leading awards in the regional finance industry, recognises the region’s most significant transactions and the financial institutions that advised on them. Mr. Chu Viet Cuong, a member of Vietjet’s Board of Directors, received the award on behalf of the airline.

    Valued at a total of US$164 million, Vietjet’s IPO was executed under the guidance of widely acclaimed law firms and financial institutions over a period of nearly 800 days (listed on HOSE on 28 February 2017) and followed all international Regulation S IPO standards.

    Earlier last year, Vietjet was also honoured at the M&A Awards 2016-2017 as “The IPO Deal of the Year 2017” and “The Company with the Best M&A Information Disclosure” as part of the Vietnam M&A Forum 2017.

    Furthermore, Vietjet’s 2016 annual report also received the Platinum Award at the Vision Awards 2016 held by the League of American Communications Professionals (LACP) in the beginning of 2017. The airline ranked fourth amongst the nominees in the Asia Pacific region and 11th out of 100 worldwide participating businesses. Entitled ‘The Flight to the Future’, the 150-paged annual report, was graded with top scores under the criteria for First Impression, Letter to Shareholders, Report Financials, and sustainable development programs.

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  • Vietjet to Operate Direct Flights Connecting Vietnam and India

    Vietjet to Operate Direct Flights Connecting Vietnam and India

    In the third quarter of 2018, travelers from India will be able to fly direct to Vietnam and vice versa following an announcement made at the recent Vietnam – India Business Forum. The move is set to create bigger opportunities for the airline as there are currently no direct flights from India to Vietnam.

    The announcement which was witnessed by H.E Vietnam President Tran Dai Quang and senior leaders of Vietnam and India also marks a significant milestone for the country especially in light of the 45th anniversary of diplomatic relations between Vietnam and India and the 10th anniversary of strategic partnership between the two countries.

    The first route is scheduled to connect Ho Chi Minh City with New Delhi on a basis of four flights per week.

    Located in Southern Asia, India has the second largest population in the world, making it a huge potential market for Vietjet in the future. It is an extremely diverse country, with vast differences in geography, climate, culture, language and ethnicity. The country is also blessed with marvelous natural landscapes and grand architectures which have been listed in UNESCO’s World Heritage List including The Great Himalayan National Park Conservation Area, Ajanta Caves, Taj Mahal and Humayun’s Tomb to name a few.

    Vietnam on the other hand, is a bustling country that possesses an eclectic mix of local hotspots. From crystal-blue beaches to misty mountains and buzzing cities with mouthwatering cuisines, Vietnam is certainly a place that caters to the whims and fancy of any type of traveler. Some of the must-see destinations in Vietnam include Hanoi, the country’s cultural capital; Hue, a romantic citadel; the magnificent Da Nang, one of Vietnam’s most important port cities, and Ho Chi Minh City, Vietnam’s economic hub.

    The introduction of the new route thus presents Vietjet with an opportunity to not only tap into the growing tourism market but also facilitate trade integration and exchange between Vietnam and India.

    Modeling itself as a ‘Consumer Airline’, Vietjet will continue to meet the growing demands of consumers by introducing new routes, expanding its fleet, investing in modern technology, and offering greater value-added products and services. The airline also prides itself in offering diverse promotional programs on tickets and entertainment especially during the festive seasons.

    Vietjet is favored and known as a pioneer for its many interesting entertainment activities and special promotions during the festive seasons. With its high-quality services, special low-fare tickets and diverse ticket classes, Vietjet offers passengers enjoyable flights with a dynamic and friendly flight crew, comfy seats, amazing hot meals and special surprises from the airline’s inflight activities.

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  • Happy Women’s Day flying with Vietjet’s 1.5 million HKD0 tickets

    Happy Women’s Day flying with Vietjet’s 1.5 million HKD0 tickets

    Celebrating International Women’s Day on March 8, Vietjet is to offer a 3 golden days promotion from March 6 to 8, 2018 with 1,500,000 tickets priced from HKD0. The promotional tickets are for all domestic and international routes flying from Vietnam to Hong Kong, Seoul, Busan (South Korea)/ Kaoshiung, Taipei, Taichung, Tainan (Taiwan)/ Singapore/ Bangkok, Phuket, Chiang Mai (Thailand)/ Kuala Lumpur (Malaysia)/ Yangon (Myanmar)/ Phnom Penh, Siem Reap (Cambodia) with the flight period from April 10 to December 31, 2018.

    Especially, the first 1,000 female passengers buying tickets on the website on March 8 and paying via international cards (Visa, Master, JCB, UnionPay) will receive the promo code to purchase discount tickets through email provided when booking.

    The promotional tickets are available during the golden hours from 13:00 to 15:00 (GMT+8). Payment can be easily made with debit and credit cards of Visa/ MasterCard/ AMEX/ JCB/ KCP.

    Aiming to become the “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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  • Lucky Vietjet Passenger wins VND100,000,000 in “Enjoy Sky Festival” campaign

    Lucky Vietjet Passenger wins VND100,000,000 in “Enjoy Sky Festival” campaign

    Travelling on flight VJ378 from Ho Chi Minh City to Chu Lai (Quang Nam Province) on 13 February 2018 proved to be an auspicious day for Mr Nguyen Hong Quang, when the lucky passenger won VND100,000,000 in cash thanks to Vietjet’s “Enjoy Sky Festival” campaign.

    The two-month campaign which ran from 28 December 2017 to 28 February 2018, received tremendous support from passengers as super promotional tickets priced from only VND0 were offered during the golden hours of 1pm – 3pm (Malaysian time). On top of that, a whole host of freebies valued at up to VND1 billion were also up for grabs including free domestic and international return tickets, “lucky money” prizes worth VND10, 000,000, as well as other Vietjet merchandise.

    Modeling itself as a ‘Consumer Airline’, Vietjet will continue to meet the growing demands of consumers by opening new routes, expanding its fleet, investing in modern technology, and offering greater value-added products and services. The airline also prides itself in offering diverse promotional programs on tickets and entertainment especially during the festive seasons.

    Vietjet is favored and known as a pioneer for its many interesting entertainment activities and special promotions during the festive seasons. With its high-quality services, special low-fare tickets and diverse ticket classes, Vietjet offers passengers enjoyable flights with a dynamic and friendly flight crew, comfy seats, amazing hot meals and special surprises from the airline’s inflight activities.

  • Vietjet announces route expansion plan with direct flights and Bangkok – Krabi route

    Vietjet announces route expansion plan with direct flights and Bangkok – Krabi route

    Vietjet has announced its plan to operate direct flights connecting Vietnam and India, while its subsidiary, Thai Vietjet, is to launch a new direct domestic service between Bangkok and Krabi from April 5, 2018. Both plans are designed to become part of Vietjet’s long term development program to be a “Consumer Airline” that serves all demands of its customers.

    The India route will connect Ho Chi Minh City with New Delhi with four flights a week, serving the growing travel demands of the two peoples and contributing to the region’s integration and trade exchange. The announcement was made at the Vietnam – India Business Forum which was witnessed by Vietnam President Tran Dai Quang and senior leaders of Vietnam and India. It also came as a highlight of the 45th anniversary of the establishment of Vietnam – India diplomatic relationship and the 10th anniversary of strategic partnership between Vietnam and India.

    India, the country with the world’s second largest population, is famous for its diversified culture, religions, cuisine and tourism. Also, the country is well-known for its marvelous nature and grand architectures that are certified as world heritages. Among them are the Valley of Flowers National Park (Uttarakhand), Lotus Temple (New Delhi), Taj Mahal (Uttar Pradesh), Red Fort (New Delhi), etc.

    For the Thailand route, Thai Vietjet will launch a new direct domestic service between Bangkok (Suvarnabhumi) and Krabi, starting from April 5, 2018. The service will operate with two daily return flights and a flight duration of one hour twenty minutes per leg. Departure times from Bangkok (Suvarnabhumi) are 07:10, 19:25 and departure times from Krabi are 09:05, 21:20. Thai Vietjet will deploy an A320 aircraft with 180 seats for the route, representing the airline’s determination to meet passenger demand for popular routes. Krabi is an eternally popular holiday destination, offering great beaches, clean air, beautiful temples, stunning views of both lush mountains and stunning coastlines. It is also a getaway for Bangkok residents to escape the city smog for some clean coastal relaxation. Krabi is also renowned for its world class seafood, beach barbeques and popular nightlife attractions in Krabi Town. With the new Bangkok (Suvarnabhumi) to Krabi flight addition, the airline will be flying five Thailand domestic routes, including Bangkok (Suvarnabhumi) to Chiang Mai, Chiang Rai, Phuket, Krabi and a daily direct flight connecting Phuket and Chiang Rai.

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  • Vietjet entices more B-leisure travellers into Vietnam with its expanding flight routes

    Vietjet entices more B-leisure travellers into Vietnam with its expanding flight routes

    When it comes to the MICE (Meetings, Incentives, Conferences and Events) sector, Singapore and Malaysia are widely regarded as the “MICE tigers” of the Southeast Asian region. Hot on their heels is another rapidly-rising economy in this region, Vietnam, which envisions emerging as a serious threat in the coming years.

    According to the Vietnam National Administration of Tourism (VNAT), MICE tourism brings in up to four or five times more than other types of tourism, because this segment of travellers tend to spend more. This has made MICE a catalyst for development in countries like Singapore, Malaysia and Thailand.

    Vietnam has also cast its eyes on this lucrative pie having played host to many big events such as APEC (Asia Pacific Economic Cooperation) 2017, ASEAN Summit 2010, and ASEAN Tourism Forum-ATF 2009.

    The International Congress and Convention Association (ICCA) has stated that Vietnam is emerging as a safe destination in the world and an attractive place for foreign investors. The country’s tourism sector is also actively looking into refining their infrastructure and services to improve their ability to host large-scale MICE events.

    While the major cities of Hanoi and Ho Chi Minh have been the obvious go-to destinations for corporate companies and business travellers to Vietnam in the past, cities in the central region such as Danang, Hoi An and Nha Trang are becoming increasingly affable choices.

    In 2016, Vietnamese cities like Hanoi, Danang, Nha Trang and Ho Chi Minh added to their array of 4 and 5-star international hotels. Nha Trang’s airport was also recently expanded to include more regional and international flights.

    “Business travellers typically outspend the holiday traveller by four or fivefold. So we see plenty of opportunities in MICE tourism, and with the world economy getting back on its feet, there is a renewed demand for exhibitions, meetings and events. Vietnam has great potential in MICE tourism which we have to actively and strategically explore, in order to entice more international organisations to host their events on our shores,” said Vietjet founder and CEO, Nguyen Thi Phuong Thao.

    One way to do this, she adds, is to improve accessibility into Vietnam’s major cities apart from Hanoi and Ho Chi Minh City, which offer greater unexplored natural beauty and cultural experiences for travellers seeking more authentic experiences in business and leisure (B-leisure).

    In hopes to entice more travellers to visit the less-explored cities of Vietnam, Vietjet continues to expand its wings within the country and internationally. The airline currently operates over 350 flights per day connecting passengers to 38 local destinations including Nha Trang, Danang, Hanoi and Ho Chi Minh City, among others, as well as 35 international routes including Kuala Lumpur. In the coming months, Vietjet will continue adding new routes to its ever-expanding list of destinations, connecting passengers to even more destinations across the globe.

    Its innovative in-flight activities and seamless travel experience has garnered many fans across the region, making Vietjet one of Southeast Asia’s increasingly popular airlines for business and leisure.

    There is no denying the vast potential of Vietnam’s MICE industry. The country’s ancient, traditional culture, friendly and hospitable people, safe environment, rich natural resources and beach resorts certainly offer great opportunities for the country to tap into, as it surges ahead to take its place as a favourite MICE destination in this region.

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  • Vietjet to Operate International Flights at Terminal 4, Changi International Airport

    Vietjet to Operate International Flights at Terminal 4, Changi International Airport

    Vietjet will soon shift its operation of international flights from Terminal 3 to Terminal 4 (T4) of Changi International Airport, Singapore beginning 6 March 2018.

    The forthcoming shift in operation marks the expansion and growth of Vietjet in Singapore’s Changi Airport – the world’s best 5-star international airport in the five consecutive years and also helps to reduce travel time by bus from the aircraft parking area to the terminal.

    Since launching its first flights from Ho Chi Minh City in 2014, Vietjet has continually increased its frequency and launched new routes from Hanoi to Changi, serving the rapidly growing travel demands between the two countries which contributes to promoting regional trade and intergration.

    Officially launched on 31 October 2017, T4 – Changi International Airport has since received over 1.6 million passengers and covered more than 9,400 flights.

    The areas serving Vietjet’s inbound and outbound flights are synchronously designed, equipped with modern equipment and prominent branding signs. Vietjet’s check-in counters are located in the same area making ticket counters accessible and convenient for passengers. The opening time of check-in counters for international flights remains at 3 hours before departure time and the closing time is 50 minutes before departure time. Passengers should be aware of the operational change to the new terminal to ensure all travel formalities including check-in, immigration, customs clearance and security procedures are cleared on time.

    Modeling itself as a ‘Consumer Airline’, Vietjet continues to open new routes, expand its fleet, invest in modern technology and offer more value-added products and services to serve the demands of customers. The airline also offers diverse promotional programs on tickets and entertainment especially during the festive seasons.

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  • Vietjet IPO wins prestigious award for “Best Vietnam Deal” in 2017

    Vietjet IPO wins prestigious award for “Best Vietnam Deal” in 2017

    Vietjet Aviation Joint Stock Company (HOSE: VJC) has received the “Best Vietnam Deal” award from Asia’s leading publication, FinanceAsia, for its IPO held early 2017.

    The prestigious award not only highlighted Vietjet’s highly successful IPO but also the airline’s subsequent performance for the rest of the year, which boosted the position of Vietjet in particular but also Vietnam-based companies on the global capital market in general.

    The presentation ceremony for the FinanceAsia Awards, one of the world’s leading awards for the regional finance industry, took place at the Grand Hyatt Hong Kong on January 31, 2018. Mr. Chu Viet Cuong from the Vietjet Board of Directors represented the airline to receive the coveted award.

    Leading “a series of successful deals” in 2017, Vietjet’s US$164 million IPO was professionally conducted, involving the consultation of world-renowned law firms and financial institutions for a period of nearly 800 days (due on the listing date, February 28, 2017), and following all the international IPO standards Regulation S.

    Earlier, Vietjet was also awarded for “The IPO Deal of the Year 2017” and named “The Company with Best M&A Information Disclosure” at the M&A Awards 2016-2017 Vietnam as part of the Vietnam M&A Forum 2017 in Vietnam.

    The airline’s 2016 annual report also received a Platinum Award in early 2017 at the Vision Awards 2016 organized by the League of American Communications Professionals (LACP) which ranked Vietjet fourth out of all awardees from the Asia Pacific region and 11th out of 100 worldwide participating businesses. Themed as “the flight to the future”, the 150-paged annual report received top scores for sub-categories, including First Impression, Letter to Shareholders, Report Financials and sustainable development programs.

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  • Vietjet 2017 pre-tax profit reaches approximately USD209 million

    Vietjet 2017 pre-tax profit reaches approximately USD209 million

    Vietjet Aviation Joint Stock Company (HOSE code: VJC) announced its consolidated pre-audited financial statement report for 2017 with all indicators growing strongly compared with 2016 and exceeding the plan approved at the company’s Annual Shareholder Meeting.

    Specifically, total net revenue in 2017 reached nearly VND42,258 billion (USD1.86 billion), an increase of 53.7% year on year and exceeded the annual plan by 0.6%. Pre-tax profit stood at approximately VND4,755 billion (USD209 million), up 75.9% year on year and achieved a 126% increase over its yearly plan. After-tax profit of parent company’s shareholders reached VND4,527 billion (USD199 million), equivalent to VND10,065 (USD0.44) earning per share (EPS).

    Thanks to the expansion of its fleet by 17 aircraft in 2017 (including a modern A321 NEO – the first Airbus A321 NEO in Southeast Asia), Vietjet opened 22 new routes (one domestic and 21 international ones), increased its total operating routes to 82, including 38 domestic and 44 international ones. Vietjet carried over 17.11 million passengers in 2017. Air transportation revenue of the year was VND22,577 billion (USD995 million), up 41.8% year on year and exceeded the yearly plan by 4.6%.

    Up to December 31st, 2017, its total fleet consisted of 51 Airbus A320 and A321 aircraft. Vietjet received 39 aircraft out of the total of 219 aircraft ordered from Airbus and Boeing. On time performance in 2017 was 85.59%.

    Cost per available seat kilometers (CASK) excluding fuel decreased to 2.25 US cent, reduced by 7.3% year on year and at the lowest in the world due to the efficient cost control in 2017. CASK including fuel decreased by 2.27% to 3.79 US cent.

    In 2017, Vietjet paid 10% cash dividend, 40% share dividend for 2016 and advanced 20% cash dividend payment for 2017. With its positive business results, Vietjet has increased its 2017 dividend payment from 50% to 60% and

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  • Vietjet Offers 500,000 Promotional Tickets to International Destinations

    Vietjet Offers 500,000 Promotional Tickets to International Destinations

    In continuation of Vietjet’s biggest promotional program of the year – “Enjoy Sky Festival”, the airline is offering 500,000 tickets priced from only VND0 (*) for three golden days starting 24 to 26 January 2018.

    The promotion is applied for all international routes flying from Ho Chi Minh City to Kuala Lumpur (Malaysia); Seoul, Busan (South Korea); Hong Kong; Kaoshiung, Taipei, Taichung, Tainan (Taiwan); Singapore; Bangkok, Phuket, Chiang Mai (Thailand);  Yangon (Myanmar); Phnom Penh and Siem Reap (Cambodia) from 1 March to 31 December 2018 (**).

    Passengers flying with Vietjet from now until 28 February 2018 will stand a chance to win a host of attractive prizes with a total value of up to VND1 billion. Moreover, lucky passengers on board selected flights will also have a chance to participate in a lucky draw and walk away with special prizes such as free domestic return tickets, “lucky money” prizes worth VND10,000,000 as well as a special cash prize worth VND100,000,000.

    On top of that, from 30 January to 28 February 2018, passengers will also have an additional opportunity to win domestic and international return tickets via the “Vietjet Sky Fun” game which can be downloaded from the Apple App Store and Google Play Store.

     

     

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