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Vietjet launches Singapore-Phu Quoc direct flight route

By Wei ZhangSingapore
1 min read
Vietjets new and modern aircraft
Vietjets new and modern aircraft
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Party General Secretary To Lam and leaders of Vietnamese ministries, agencies and localities witnessed the announcement of Singapore – Phu Quoc direct flight service on Tuesday, as part of his official visit to the city state.

Starting May 30, Vietnam’s budget carrier Vietjet Air will operate the new route with four weekly flights, connecting Singapore with Vietnam’s largest island. This addition brings the total number of weekly flights between Vietnam and Singapore to 78, catering to an estimated half a million passengers a year.

It is the fourth direct air service between the two countries, joining existing routes to Ho Chi Minh City, Hanoi, and Da Nang. It is expected to not only boost tourism but also strengthen economic, trade, and cultural cooperation between the two nations.

Chairwoman of the Vietjet Air Board of Directors Nguyen Thi Phuong Thao stressed that Vietjet is more than just an airline, it drives economic growth, trade, investment, education and cultural exchanges.

Vietjet Air and its Singaporean partners, handling billions of USD in annual transactions, are deepening collaboration in finance, trade, and innovation to build a sustainable and prosperous future, she said.

On this occasion, Vietjet Air and Carlyle Aviation Partners signed a US$300 million financing agreement to support the purchase of aircraft scheduled for delivery between 2025 and 2026. This deal is a pivotal step in Vietjet Air’s plan to acquire more than 400 new aircraft, as part of its fleet expansion strategy.

Furthermore, Vietjet Air and Satair, an Airbus Group subsidiary, inked a cooperation deal on the use of Integrated Material Services (IMS), a comprehensive material supply solution for Vietjet’s entire fleet of Airbus A320 and A330 aircraft.

Questions & Answers

Q.

What specific benefits does Vietjet expect from the new Singapore-Phu Quoc flight route?

A.

Vietjet expects the new route to not only boost tourism but also to strengthen economic, trade, and cultural cooperation between Singapore and Vietnam. The airline views itself as a driver of wider economic growth and exchanges.

Q.

What is the significance of the financing agreement between Vietjet Air and Carlyle Aviation Partners?

A.

The US$300 million financing agreement supports Vietjet's plan to acquire more than 400 new aircraft, specifically for purchases scheduled for delivery between 2025 and 2026. This deal is crucial for its fleet expansion strategy.

Q.

How will the cooperation deal with Satair benefit Vietjet Air's operations?

A.

The cooperation deal with Satair, an Airbus Group subsidiary, is for the use of Integrated Material Services. This comprehensive material supply solution will support Vietjet's entire fleet of Airbus A320 and A330 aircraft.

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