VietNamNet Bridge - The national flag air carrier Vietnam Airlines and the private Vietjet Air continue to dominate the domestic aviation market, but newcomers may begin to take away some market share. Vietnam Airlines and Vietjet continue to dominate the domestic market VIRAC, a market analysis firm, said the Vietnamese air transport market includes 63 foreign airlines from 25 countries and territories which provide routine flights to and from Vietnam. According to VIRAC, Vietjet, with 43 percent of market share, and Vietnam Airlines, with 42 percent in 2017, are the biggest market share holders and most profitable. According to VIRAC, Vietjet, with 43 percent of market share, and Vietnam Airlines, with 42 percent in 2017, are the biggest market share holders and most profitable. US$1=VND23,000 RELATED NEWS Bamboo Airways receives Airbus A321neo At least three more local airline carriers lining up to fly Kim Chi … [Read more...] about How will Bamboo Airways affect the aviation market?
The Hanoitimes - Vietnam Airlines’ on-time performance in the last two months of 2018 has improved significantly, reaching the fifth place among 35 airlines in the Asia – Pacific in terms of punctuality, VnExpress reported. Vietnam Airlines reports net profit down 13% in 9 months SCIC, MobiFone, Vietnam Airlines handed over to “super committee” Vietnam Airlines to move listing to larger bourse in April 2019 National flag carrier Vietnam Airlines has the best on-time performance (OTP) among domestic airlines operating in Vietnam in 2018, according to the Civil Aviation Authority of Vietnam (CAA). Illustrative photo. Vietnam Airlines recorded an OTP rate of 89.2%, higher than the average rate of Vietnam’s civil aviation market of 86.6%, in which Vietnam Airlines, Vietjet, Jetstar Pacific, and Vietnam Air Services (VASCO) are the players. The statistics showed that 10.8% of Vietnam Airlines’ flights were delayed … [Read more...] about Vietnam Airlines tops on-time performance in Vietnam aviation market in 2018
VietNamNet Bridge - A deal worth $6 billion is expected to be officially inked in Washington DC at the end of June between Bamboo Airways, belonging to FLC Group, and Boeing. Trinh Van Quyet, president of FLC Group Bizlive quoted its sources as reporting that the Vietnamese aviation market may expect a large deal under which the US aircraft manufacturer Boeing will provide 10 latest-generation aircrafts. The planes are Boeing 787-9 with 5-star interiors which will be used for long distance from Vietnam to Europe and the US, commencing from 2020. According to the Civil Aviation Authority of Vietnam (CAAV), by the end of June 2017, Vietnam had 157 aircraft registered under its name, or 17 aircrafts more than the same period of 2016. Of these, 96 aircraft belong to the nation’s flag air carrier Vietnam Airlines, 13 to Jetstar Pacific and 40 to Vietjet Air. Meanwhile, Vasco, Hai Au, Hanh Tinh Xanh and Ngoi Sao Viet own the remaining eight aircraft. By the end of June 2017, … [Read more...] about VN aviation market: billion-USD deal to be made public this month
VietNamNet Bridge - Sixty-three foreign airlines from 25 countries and territories will have 105 international air routes to Vietnam by October 2018, a sharp increase compared with 2016 when there were 78 air routes. Air carriers have been expanding their air route networks Nguyen Thanh Binh, who works for a construction company in Go Vap district, HCMC, is from Thach That district in Hanoi. She returns to her home village once a year. Previously, she used to take a train or coach. However, it was inconvenient. It took her three days to travel and she could stay home for two days before returning to HCMC. In recent years, Binh has travelled by air, because tickets are only slightly higher than rail tickets booked several months before the departure day, VND1.5 million vs VND1 million. It takes only two hours to fly from HCMC to Hanoi. Vietnam air carriers have been expanding their air route networks and flight frequency. There are 52 domestic air routes linking Hanoi, Da Nang and … [Read more...] about Vietnam’s aviation market heats up
Bamboo Airways to try new model in high-stakes local aviation market In late April, Vietnamese real estate, investment, and business service conglomerate FLC Group and its unit Bamboo Airways officially made their debut with a brand identity pack. The step is one part of the airline’s preparations for its historical step to turn the dream into a reality. It is now completing necessary legal procedures to get a licence. Bamboo Airways plans to base its business model on medium-level prices and routes to newly emerging tourism destinations to compete with national carrier Vietnam Airlines and the budget airline Vietjet. The newcomer plans to run a ‘hybrid’ business model, between traditional and low-cost airlines. It will provide services of both these models. Its ticket prices are also an average of the two models. However, it may not be easy for Bamboo Airways to compete with Vietjet, which has its image imprinted in Vietnamese people’s minds with its cheap … [Read more...] about Bamboo Airways to try new model in high stakes local aviation market