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Vietnam had 39 aircraft, or over 14 percent of its fleet, grounded in the first quarter after a new Covid-19 outbreak cut travel demand. Eighteen of the grounded aircraft belonged to national flag carrier Vietnam Airlines, 14 to budget carrier Vietjet, four…
Vietnam Airlines wants aviation authorities to set floor fares and increase the ceiling, saying it would ensure fair competition among carriers. In a proposal it sent to the Civil Aviation Authority of Vietnam, it wants the fare ceiling to be increased by…
Vietnam Airlines will reopen international commercial flights connecting Hanoi and HCMC with several Asian destinations including South Korea, Japan and Australia, starting this Saturday. The national flag carrier said flights from Hanoi to South Korea’s…
Vietnam Airlines is awaiting approval from the U.S. government to launch regular direct flights to the country to serve repatriation needs of the Vietnamese community. A representative of the national flag carrier told VnExpress that a large number of…
Vietnam Airlines plans to invest VND9.9 trillion ($430 million) in the under-construction Long Thanh International Airport to become a provider of ground services and in-flight meals. It plans to provide aircraft maintenance services, supply jet fuel and…
Vietnam Airlines reported a loss of over VND11.1 trillion ($483 million) last year as the Covid-19 pandemic grounded all its international flights. The figure was lower than its projection in December of over VND12 trillion. Revenues were down nearly 59…
The State Capital Investment Corporation said it is in discussions with Vietnam Airlines to invest VND8 trillion ($345.49 million) in the carrier through a rights issue. It follows a government resolution to resolve the difficulties faced by the airline due…
Vietnam Airlines deputy director Le Hong Ha will take over as the national carrier’s new CEO starting January 1, 2021. Ha, 48, will replace Duong Tri Thanh who retires Thursday after almost five years at the helm. Ha began working for Vietnam Airlines in 1994…
National carrier Vietnam Airlines expects 2020 losses of VND12 trillion ($521.11 million), about 17 percent lower than it had forecast in August. The carrier’s consolidated revenue this year is estimated at VND42.5 trillion, with parent company revenues…
Vietnam Airlines Group has called an extraordinary shareholders’ meeting next week to source low-interest loans to accelerate Covid-19 recovery. At the meeting, to be held on Dec. 29, the flag carrier will seek loans from its shareholders that comprise the…
The Vietnamese aviation industry has gone through one of its most challenging years ever as the Covid-19 pandemic restricted flights and caused airlines huge losses. The number of flights the country’s five commercial airlines operated fell 36 percent…
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…
The National Assembly has approved several measures to help national flag carrier Vietnam Airlines overcome the financial impacts of Covid-19. A parliamentary resolution passed Tuesday allows the State Bank of Vietnam to refinance and offer loan extensions no…
Vietnam Airlines has reported losses of VND10.7 trillion ($464 million) in January-September, hit hard by Covid-19. The national flag carrier recorded revenues of VND23.9 trillion in the first nine months of this year, down 58.3 percent year-on-year, it said…
The Hanoi Department of Planning and Architecture has recommended the construction of a second airport in the city to cope with the rising demand for air travel. The new airport should be built in the southern district of Ung Hoa, 40 kilometers from the…
Vietnam Airlines reported a loss of over VND4 trillion ($170 million) in the second quarter and cumulative first-half losses of over VND6.64 trillion ($286 million). In its consolidated financial statement for the second quarter of 2020, the carrier reported…
