Helicopter operator profits up 11 percent
Vietnam Helicopter Corporation’s profits rose by 11 percent to VND263 billion (US$11.3 million) last year despite the severe impact Covid-19 had on the aviation industry.
It saw a 6.7 percent drop in revenues to VND2.08 trillion.
The company transports cargo and people, trains pilots, imports aviation devices, and offers firefighting services.
Owned by the Ministry of National Defense, it has seven affiliates and subsidiaries and a charter capital of VND3.98 trillion.
It charges $3,650-7,300 for an hour of chartered flying.