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Budget carrier Vietjet Air plans to sell a 15 percent stake in a private placement. It plans to sell 81 million shares at the average price of at least the last 10 sessions on the stock market but has not disclosed the timing or buyer’s identity. As of…
Budget airline Vietjet targets profits of VND1 trillion (US$43.14 million) this year, 10 times the 2021 figure, as it seeks to recover from a two-year slump caused by Covid-19. It eyes a 2.5-fold rise in revenues to VND32.72 trillion. At the company’s annual…
Vietnam Airlines has sold a 35 percent stake in Cambodia Angkor Air for US$35 million. It had bought a 49 percent stake in the Cambodian carrier in 2009 and promised to help it expand. But in 2020 it had expressed its intention to sell of its stake due to…
Tourism company Vietravel has decided to invest an additional VND593.5 billion ($25.8 million) in Vietravel Airlines this year. The additional capital lifts its total investment in the new carrier to nearly VND1.3 trillion. Based at the Phu Bai International…
National flag carrier Vietnam Airlines will operate its first regular direct flight to the U.S. on November 28, achieving a dream conceived nearly two decades ago. The flight will depart from HCMC in the evening and arrive at San Francisco 13 hours and 50…
Increased smartphone penetration and a rise in demand for over-the-top (OTT) content have driven the growth of the global direct carrier billing (DCB) market. Valued at US$29.8 billion in 2019, the global DCB market is estimated to reach US$70 billion by…
Vietnam’s aviation industry is gradually recovering with passenger numbers heading toward pre-pandemic levels after a months-long slump. Noi Bai International Airport in Hanoi handled 29,000 passengers daily during the weekend, nearly triple the daily average…
Indonesia AirAsia and Thai AirAsia are the latest among the AirAsia Group carriers to suspend operations, leaving just AirAsia Japan in service. Indonesia AirAsia will suspend domestic flights until 21 April and international flights until 17 May. Thai…
China Telecom announced that Yang Jie (pictured) has resigned from his role as chairman of parent company China Telecom Corporation, and has been re-designated as chairman of China Mobile Communications Group. Yang has also resigned from his positions as…
Korea’s No. 1 mobile carrier SK Telecom said Wednesday it will collaborate with U.S. software giant Microsoft for big data solutions to expand its presence in the global market. SK Telecom said it signed a development and global business cooperation agreement…
Vietnam, which is in a lowly 108th place in the International Telecommunication Union’s ICT Development Index, wants to improve its status. Speaking at a Ministry of Information and Communications (MoIC) conference Tuesday, Prime Minister Nguyen Xuan Phuc…
Flying cheap will soon also mean flying light for many Indonesians after the country’s largest airline, Lion Air, and its subsidiary, Wings Air, decided to start charging for checked baggage on all their domestic flights from today. The airlines, which…
Malaysian discount carrier AirAsia Group won’t open any new airline in the next three years and will focus on current operations after its proposed Vietnam launch, Group CEO Tony Fernandes said Wednesday. “After Vietnam, we will focus on what we have,”…
Samsung Heavy Industries said Monday that it has clinched a deal worth 210 billion won ($189 million) to build a liquefied natural gas (LNG) carrier. The contract, with a European shipper, calls for Samsung Heavy to deliver the vessel by March 2021, the…
Vietnam’s newest airline Bamboo Airways will not operate its maiden flight Thursday as scheduled, the second time it has been delayed. Its CEO Dang Tat Thanh said Bamboo Airways could not take off since it is going through “the most difficult examination…
National flag carrier Garuda Indonesia expects to end 2018 in profit and is targeting a net profit of Rp 1 trillion ($69 million) for 2019, its chief executive said on Friday. Garuda saved $96 million by working with lessors to restructure the financing of…
