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Vietjet announces mid-year business performance, receives three new aircraft and launches new international routes

Vietjet is pleased to provide a business update on its performance and market movements as 2017 reaches its halfway point. In May this year, Vietjet received three new aircraft to contribute to building a new generation modern air fleet. Vietjet also launched new international routes and increased frequencies of flights to meet the increasing travel demand of domestic passengers and Thai domestic passengers throughout the high season.

In May, Vietjet launched a Da Nang–Seoul route, and opened a sales campaign for the route between Hanoi and Yangon (Myanmar), which is expected to operate as of August 31st, 2017. Vietjet also increased frequencies of international routes to 11 return flights/ week from July 21st, 2017 and 14 return flights/ week from August 2nd, 2017 for Hanoi–Taipei (Taiwan) route and Hanoi–Seoul (Korea) route respectively.

Along with launching a series of new routes, Vietjet maintained its high load factor of over 88%. In the first five months of 2017, Vietjet operated nearly 39,100 safe flights, had transported more than 6.5 million passengers, an increase of 29% compared to the same period of 2016. In May, it carried over 1.5 million passengers.

Up to the end of May, Vietjet had its own channel for online ticket distribution and consumer services with 21,378 offline sales points/ticketing offices, an increase by 2,803 points compared to that by December 31st, 2016.

The airline’s revenue from operations in May stood at VND8,352 billion, (around USD367 million) an increase of 44% compared to the same period of the preceding year and exceeded budgeted forecast by 9%.

During a visit by Prime Minister Nguyen Xuan Phuc to the US in late May, Vietjet signed agreements with CFM International, GECAS and Honeywell Aviation, as witnessed by Prime Minister Nguyen Xuan Phuc and US Secretary of Commerce Wilbur L. Ross, Jr. Those agreements were worth USD 4.7 billion.

Later, in Tokyo, Vietjet and Mitsubishi UFJ Lease & Finance (MUL), a member of Japan’s leading finance group Mitsubishi UFJ Financial Group (MUFG), signed a strategic agreement which would pave the way for MUL to finance Vietjet’s acquisition of three brand new A321 aircraft, worth US$348 million.

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About Vietjet Group:
 
Vietjet is the first airline in Vietnam to operate as a new-age airline with low-cost and diversified services to meet customers’ demands. It provides not only transport services but also uses the latest e-commerce technologies to offer various products and services for consumers. Vietjet is a member of the International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. The airline was also named as one of the Top 500 Brands in Asia 2016 by global marketing research company Nielsen and “Best Asian Low Cost Carrier” at the TTG Travel Awards 2015, which compiles votes from travelers, travel agencies and tour operators in throughout Asia. The airline was also rated as one of the top three fastest growing airline brands on Facebook in the world by Socialbakers.

Currently, the airline boasts a fleet of 45 aircraft, including A320s and A321s, and operates 350 flights each day. It has already opened 63 routes in Vietnam and across the region to international destinations such as Thailand, Singapore, South Korea, Taiwan, Malaysia, China and Myanmar. It has carried nearly 40 million passengers to date.

Vietjet Thailand currently operates three new and modern A320 aircraft, one of which is emblazoned with Thailand’s dynamic tourism symbol “Amazing Thailand”. The carrier’s flight network includes three domestic routes, Bangkok-Phuket, Bangkok-Chiang Mai and Phuket-Chiang Rai, and three international routes from Bangkok to Ho Chi Minh City, Hanoi and Hai Phong.

Looking ahead, Vietjet plans to expand its network across the Asia Pacific region. To prepare for this plan, Vietjet has signed agreements with the world’s leading aircraft manufacturers to purchase more brand-new and modern aircraft.

Like Vietjet on Facebook, https://www.facebook.com/VietjetThailand, follow us on Twitter, https://twitter.com/vietjetvietnamand watch our videos at:

https://www.youtube.com/user/vietjetvietnam

 



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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