Bamboo Airways eyes fleet expansion
In this article (5)
Bamboo Airways plans to have a fleet of 100 aircraft by 2024 with the majority of them being Boeing 787-9 or Airbus A321.
The carrier said in a statement Thursday it would lease the first Boeing 787-9 in October since the 10 it has ordered would not be delivered until the fourth quarter of 2020.
Bamboo has received permission from the Ministry of Transport to operate 30 aircraft, and it plans to achieve this number by the end of the first quarter of 2020. The airline, which began flying in January, has yet to break even.
Its chairman, Trinh Van Quyet, has said that with 30 aircraft the carrier could get into the black by the first quarter of 2020. The carrier now flies 10 aircraft on 26 domestic routes besides international charter flights.
Vietnam hopes to grow its aviation market by 16 percent a year in 2015-20 and 8 percent in 2020-30.
This means there will be a possible 117 million air travelers by 2023, 85 percent by Vietnamese carriers, which will require 340 aircraft, according to the Civil Aviation Authority of Vietnam.
Questions & Answers
Q.What is Bamboo Airways' target fleet size by 2024 and which aircraft types will dominate it?
What is Bamboo Airways' target fleet size by 2024 and which aircraft types will dominate it?
Bamboo Airways aims to operate a fleet of 100 aircraft by 2024. The majority of these will be Boeing 787-9s or Airbus A321s, supporting their expansion plans for domestic and international routes.
Q.When does Bamboo Airways expect to start receiving its ordered Boeing 787-9 aircraft?
When does Bamboo Airways expect to start receiving its ordered Boeing 787-9 aircraft?
The 10 Boeing 787-9 aircraft ordered by Bamboo Airways are not expected to be delivered until the fourth quarter of 2020. However, the airline plans to lease its first 787-9 in October.
Q.How many aircraft is Bamboo Airways permitted to operate, and when do they plan to reach this number?
How many aircraft is Bamboo Airways permitted to operate, and when do they plan to reach this number?
Bamboo Airways has permission from the Ministry of Transport to operate 30 aircraft. The airline plans to achieve this number by the end of the first quarter of 2020, significantly increasing its current fleet.
Q.What is the projected growth for Vietnam's aviation market, and how many aircraft will Vietnamese carriers need by 2023?
What is the projected growth for Vietnam's aviation market, and how many aircraft will Vietnamese carriers need by 2023?
Vietnam's aviation market is expected to grow by 16 percent annually until 2020, then 8 percent until 2030. By 2023, 85 percent of 117 million air travellers are expected to use Vietnamese carriers, requiring 340 aircraft.
Reader pulse
Is Bamboo's aggressive expansion strategy viable?
24,564 votes so far