Tag: Vietnam Airlines

  • Economy Vietnam Airlines’ NASCO to list on UPCoM

    Economy Vietnam Airlines’ NASCO to list on UPCoM

    The Nội Bài Airport Services Company (NASCO) will list its 8.3 million shares on the Unlisted Public Company Market (UPCoM) under the code NAS, according to the Hà Nội Stock Exchange.

    NASCO, an affiliate of Vietnam Airlines, the country’s largest aviation corporation, has a chartered capital of VNĐ83 billion (US$3.7 million). Currently, its parent company Vietnam Airlines holds 51 per cent of NASCO’s capital and Saigon Thương Tín Commercial Joint Stock Bank (Sacombank) holds another 10 per cent.

    The company, which is headquartered at Nội Bài airport in Hà Nội, offers various services at airports such as duty-free shops, restaurants, VIP lounge, and travel and transport services.

    In the first nine months of 2016, NASCO’s revenue touched around VNĐ400 billion, down 8 per cent year-on-year. Its post-tax profit was around VNĐ24.5 billion, roughly the same as in 2015.

    Of its total revenue, the income earned from the transport service segment was the highest at VNĐ200 billion. Though the revenue gained from restaurants was lower, its profit accounted for half of the company’s total profit.

    NASCO is currently the only firm at Nội Bài airport that offers a business-class lounge with its interiors meeting 4-5 star standards.

    In 2016, NASCO faced business challenges after Terminal 2 became operational at Nội Bài airport as it affected the number of tourists using its services. The restructuring and upgradation of T1 has narrowed NASCO’s spaces at the airport, as well as thrown up fierce competition from new rivals.

    Two other companies that operate in Việt Nam’s airport service sector are Tân Sơn Nhất Airport Services Joint Stock Company (SASCO) and Đà Nẵng Airport Service Joint Stock Company (MASCO), both subsidiaries of Vietnam Airlines.

  • 1,300 more domestic flights to operate for Tet

    1,300 more domestic flights to operate for Tet

    Special flights will be introduced from January 16 to February 12, the Civil Aviation Authority of Viet Nam (CAAV) said.

    Vietjet has been allowed to increase its number of flights by 8.9 per cent, so it will operate 560 flights, or 100,800 seats. National carrier Vietnam Airlines will offer 330 more flights, or 76,785 seats. Jetstar Pacific will have an additional 330 flights, or 59,400 seats.

    HCM City’s Tan Son Nhat International Airport, which is the busiest airport among the 21 airports nationwide, is estimated to receive 1,065 extra flights during the holiday season, 7.7 per cent more than its normal schedule.

    The flights will be operated in the slots or the duration during which the aircraft usually remain grounded at airports. It is estimated to have 38 flights per day.

  • Vietnam Airlines conquers French market

    Vietnam Airlines conquers French market

    At a customers and agents meeting on December in Paris, Phuong reported that Vietnam Airlines’ revenue in France has increased by 10 percent against last year, in which business class turnover upped 20 percent.

    The carrier’s flights from France to Vietnam made up 54 percent of the market share, posting a year-on-year increase of 1 percent, Phuong said.

    He also noted that the national flagship will continue use Airbus A305 on Hanoi/Ho Chi Minh City – Paris routes, adding that the modern planes and service improvement have helped Vietnam Airlines meet requirement of passengers and gain a SkyTrax’s four-star airlines title.

    Vietnam Airlines is always the first choice of Vietnamese living in France and French customers, said representatives from many agents.

    It has made a record of transporting over 20 million passengers in 2016.

  • Vietnam Airlines switches Australian routes to all-787 operation

    Vietnam Airlines switches Australian routes to all-787 operation

    Australia has become an all Boeing 787 destination for Vietnam Airlines after the Skyteam alliance member switched both its Melbourne and Sydney services to the next-generation Dreamliner.

    Vietnam Airlines’ first 787 flight to Australia arrived on Friday morning, when VN781 operated by 787-9 VN-A865 touched down at Melbourne Tullamarine at about 0930, after an eight hour and 20 minute journey from Ho Chi Minh City. The route was previously served with Airbus A330-200 equipment.

    The airline is the eighth carrier to serve Melbourne Tullamarine with the 787 alongside Air India, Air New Zealand, Jetstar, Royal Brunei Airlines, Scoot, United and Xiamen Airlines.

    And Melbourne is due to get another 787 operator with LATAM announcing the start of Melbourne-Santiago nonstop flights from October 2017.

    Meanwhile, Vietnam Airlines’ first 787 service to Sydney arrived less than an hour after the flight to Melbourne landed.

    Flight VN773, operated by 787-9 VN-A870, arrived at Sydney Kingsford Smith Airport a little after 1010, with passengers taken on a scenic fly over Sydney Harbour prior to landing.

    Vietnam Airlines previously operated Boeing 777-200ERs on the Ho Chi Minh City-Sydney route. The switch to the Dreamliner brings to nine the number of carriers operating the aircraft at Sydney – Vietnam Airlines joins Air India, Air New Zealand, ANA, Jetstar, LATAM Airlines, Scoot, United and Xiamen Airlines.

    Qantas places its QF airline code on Vietnam Airlines’ two Australian routes.

  • Vietnam Airlines prepares for Czech launch

    Vietnam Airlines prepares for Czech launch

    Vietnam Airlines has appointed a new General Sales Agent (GSA) in Prague, ahead of the launch of its first ever flights to the Czech Republic.

    A ceremony was held on 14 December 2016 to mark the occasion, attended by Vietnam’s Ambassador to the Czech Republic, Truong Manh Son. While details of the national carrier’s planned Prague services have not been confirmed, they are likely to make use of Vietnam Airlines’ new fleet of long-haul aircraft, including the Airbus A350 and Boeing 787 Dreamliner.

    These modern jets have already been deployed on routes to several European cities, including London, Paris and Frankfurt.

    The new route, which would likely be served from Hanoi, would mark the first direct connection between the Czech Republic and Southeast Asia. The only other Asian carriers operating to Prague’s Václav Havel Airport at present are China Eastern Airlines, Hainan Airlines, Korean Air and Sichuan Airlines.

    Vietnam Airlines and Czech Airlines are partners in the SkyTeam alliance and the new flights could also open up codeshare opportunities.