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The air travel market grew in the first half of this year, however the growth rate slowed down compared to the same period last year, according to the Civil Aviation Authority of Vietnam (CAAV). Passengers make check-in procedures at the Noi Bai International Airport. A CAAV report on aviation service quality in the first half of this year found that aviation sector, including local and international airlines, transported 38.5 million passengers, up 9.4 per cent year-on-year. Vietnamese airlines operate 48 domestic routes connecting 22 airports, of which national carrier Vietnam Airlines runs 33 routes, budget carrier Vietjet Air 35 routes, Jetstar Pacific 23 routes, Vietnam Air Services (VASCO) manages nine routes and newly-opened Bamboo Airways with 24 routes. Total passengers transported by Vietnamese airlines reached 18.3 million, up 6.2 per cent year-on-year, with the national carrier Vietnam Airlines accounting for 35.9 of market share, VASCO at 2 per cent, Vietjet Air 44 … [Read more...] about Vietnam aviation sector growth slows

Increasing numbers of airlines and aircraft are putting serious pressure on Viet Nam’s aviation infrastructure. Aircraft at Tan Son Nhat International Airport in HCM City. Competition in Viet Nam's aviation sector looks to soar as more new players enter the fray. — Photo vnfinance.vn As competition for market share and skilled labour intensifies, the Government must take measures to ensure a fair playground and long-term development, said industry experts and authorities. The Civil Aviation Authority of Vietnam (CAAV) has recently approved an air operator’s certificate (AOC) submitted by Vietstar Airlines, bringing the total number of licensed air operators in the country to seven. CAAV also confirmed two more AOC applications submitted by Vinpearl Air and Vietravel Airlines were pending. Vinpearl Air said it would field a fleet of six aircraft in July next year and bring in 30 more by 2025 to fly both domestic and international routes. Vietravel Airlines said … [Read more...] about Competition in Vietnam’s airline industry set to intensify

The Ministry of Transport has asked the prime minister to consider a plan to buy out the Airports Corporation of Vietnam (ACV), turning ACV into a wholly State-owned company to ensure national security and defense interests are secured. A deteriorating taxiway is seen at Hanoi-based Noi Bai airport, but ACV cannot use its funding to repair it due to mechanism barriers - PHOTO: VNA In particular, the State should weigh the option to repurchase a 4.61% stake in ACV that it had sold to private shareholders, to retake full control of the firm, according to the ministry. Before the equitization of the ACV, aviation infrastructure assets managed by the State were included in the firm’s asset value. The transport ministry at the time had approved ACV’s development plan, allowing the firm to invest, manage and exploit airport projects and perform maintenance on the country’s aviation infrastructure facilities, in line with the Law on Enterprises and relevant … [Read more...] about Transport ministry proposes State takeover of Airports Corporation of Vietnam

Royal Khmer Airlines Boeing 727-200 abandoned at Noi Bai airport, Hanoi. Photo courtesy of CAAV. The valuer, a local company, was hired recently by the Civil Aviation Authority of Vietnam (CAAV) to conduct an appraisal of the aircraft in accordance with Vietnam’s law on public property, said Dinh Viet Thang, Director General of CAAV. It had been said earlier that it was difficult to value the aircraft because of its lack of documentation, and because the B727-200 is a model that is no longer popular. Built decades ago, there was no aircraft to compare the abandoned plane to. The CAAV had said that they would not hire foreign consultants to determine the value of the aircraft because it would cost more than what the aviation authority would get from auctioning the aircraft, Thang said. Earlier, Hanoi-based TiffSon, a company that provides inventory solutions through bartering goods and services, had offered VND3 billion ($129,000) worth of beer, wine and … [Read more...] about Aircraft abandoned in Hanoi airport worth over $73,000