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Vietravel, a tourism company, has announced its intent to divest its 14.1% shareholding in Vietravel Airlines by the end of the current year. The details of the prospective investor are yet to be disclosed. Background of Vietravel Airlines Established in…
Vietravel Airlines has appointed Dao Duc Vu, who has 35 years of experience in the aviation industry, as its new CEO. Vu took office on Sept. 4 after his predecessor Nguyen Minh Hai resigned for personal reasons, according to a company statement Tuesday. Vu…
Vietravel Airlines, which has leased one aircraft from Cambodia Airways, has asked the carrier for three more this year. In June, Vietravel Airlines took delivery of an Airbus A319 to increase its fleet to four. It will get an Airbus A320 from the Cambodian…
Rookie carrier Vietravel Airlines wants to gradually increase its charter capital nearly sixfold to VND7.64 trillion ($323.66 million) by 2025. The airline recently made this proposal to the government after two years of operating with a charter capital of…
Tourism company Vietravel has sold a 55.58 percent stake in Vietravel Airlines to an unspecified investor as it seeks more funding amid Covid financial pressures. “Vietravel is no longer the parent company of Vietravel Airlines,” it stated recently. In a…
Leading tourism company Vietravel, which has only now published its first-half earnings report, saw losses triple year-on-year to VND293.3 billion ($12.75 million) due to Covid-19 travel restrictions. Revenues were down by nearly half to VND545 billion while…
Vietravel Airlines will reopen domestic flight ticket sales next Monday to tap year-end travel demands, after remaining grounded for about three months owing to pandemic restrictions. The carrier, which belongs to leading tourism company Vietravel, announced…
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…
Vietravel is seeking to sell an unspecified stake in its new airline which began flying earlier this year. The travel giant will seek shareholders’ approval at the annual general meeting at the end of this month to sell the stake. Vietravel Airlines is wholly…
Tourism company Vietravel has already posted a loss of VND72.8 billion ($3.15 million) this year, or 81 percent of the loss it suffered in the whole of last year. Revenues fell nearly 65 percent to VND277 billion as the Covid-19 outbreaks in the first quarter…
Vietravel Airlines is scheduled to make its maiden flight on January 25, and began ticket sales on Tuesday, its CEO, Vu Duc Bien, said. Vietnam’s newest carrier will operate one or two flights a day each from HCMC and Hanoi to major tourist destinations like…
Vietravel is nurturing a plan to launch its own airline to meet the demand that it predicts will keep rising in the future. The company’s CEO Nguyen Quoc Ky said the domestic aviation market is still “full of potential.” With a population of more than 100…
