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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…
On Mar. 15, Vietnam fully reopened its borders to foreign tourists, allowing quarantine-free entry and reinstated its pre-pandemic visa policies, including waivers for nationals of 24 countries. “These positive moves have contributed to strengthening…
Bamboo Airways, Vietjet and Vietravel Airlines have started hiring again after an extended recruitment freeze due to Covid-19. Bamboo Airways has posted hiring announcements for many positions, including pilots, flight engineers and cabin crew aid plans to…
The VN-Index began the new lunar year with a 1.5-percent jump Monday morning, led by aviation and energy stocks. It gained 22 points to 1,503 points at 11.20 as the market reopened after the nine-day Tet break, reaching a near four-week high. It represents a…
Budget airline Vietjet has signed a $400-million agreement with British company Rolls Royce for aircraft engines for its wide-body fleet and engine servicing. The signing ceremony on Sunday was witnessed by Prime Minister Pham Minh Chinh, who is in the U.K.…
Bamboo Airways, Vietjet, and Pacific Airlines have suspended most of their regular routes amid a surging number of Covid-19 cases that have seen demand plunge. Bamboo Airways will cease all regular flights for two weeks from July 26 to August 7 amid the…
Budget airline Vietjet has raised VND1 trillion ($43.61 million) from a domestic company to expand operations amid the Covid-19 pandemic. The bonds are without collateral with a maturity of five years starting from May 24. Revenues in the first quarter fell…
Acquiring flight slots at U.S. airports is only the beginning of a challenging journey to making the Vietnam-U.S. direct route a reality, experts say. Private carrier Bamboo Airways recently acquired slots to operate regular direct flights from Ho Chi Minh…
The board of budget carrier Vietjet has approved a proposal to sell 17.7 million treasury shares equivalent to 3.28 percent of its charter capital. It would help fund expansion and preparations for recovery after the pandemic this year, the airline said.…
Budget airline Vietjet has invested VND31.5 billion ($1.36 million) to acquire a 67 percent stake in shipping startup Swift247 which seeks to improve the linkage between air and road delivery. The company, co-founded by Tommy Nguyen, son of Vietjet CEO Nguyen…
Budget airline Vietjet recorded a consolidated after-tax profit of VND70 billion ($3 million) in 2020 despite headwinds caused by the Covid-19 pandemic. This makes Vietjet one of the few airlines in the world that did not reduce its workforce, the carrier…
Budget carrier Vietjet Air plans to expand its investment in new aircraft and technical facilities this year after reporting a small profit in 2020 despite the Covid-19 pandemic. “In 2021, we expect to continue to receive new modern planes and will invest in…
Lawmakers have decided to continue the 30-percent cut in environment tax on jet fuel through next year to support the aviation industry. It will remain at VND2,100 (9.1 U.S. cents) per liter until the end of next year before returning to VND3,000 in 2022, the…
Budget airline Vietjet has recorded a loss of nearly VND925 billion ($39.83 million) in the first nine months due to pandemic-imposed flight restrictions. The second-largest airline in Vietnam in terms of market share saw Jan-Sept revenues fall 64 percent…
Thai Vietjet today inaugurated its maiden flight VZ210 from Thailand’s capital airport of Suvarnabhumi to Khon Kaen, the country’s commercial and political centre in the Northeastern region. Celebrating the new service, Thai Vietjet gave passengers a…
Vietjet has achieved another major accolade – winning the ‘Vietnam Brand, Global Impact’ award under the PR Newswire Awards 2020 in recognition of its achievement as a trailblazer in expanding its flight network and brand name proven by creative, meaningful…
