Vietnamese travel agency intends to invest in sixth airline: CEO
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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 million and the number of foreign visitors rising steadily year after year, hitting the highest ever at 15.5 million last year, it is still modest for Vietnam to have only five airlines, he said recently.
Vietravel wants to have its airline headquartered in the central town of Hue, he added.
“The plan of Vietravel will help create more new flight routes to and from Hue, and thus connect the city with more tourists,” said Nguyen Van Phuc, deputy director of Thua Thien – Hue Province, home to the imperial town of Hue.
This will also get along with a plan to upgrade Phu Bai International Airport in Hue to raise its annual capacity from 1.5 million passengers to 5 million.
Vietravel has taken the first steps into the airline industry through organizing charter flights with its partners.
For the past two years, it has operated around 300 charter flights both domestically and internationally each year.
Vietnam’s newest airline, Bamboo Airway, recently completed its maiden flight.
The four other carriers currently in Vietnam are Vietnam Airlines, Vietjet Air, Jetstar Pacific, and VASCO.
Together, the four of them transport more than 50 million passengers last year, up 14 percent against 2017, according to the Civil Aviation Authority of Vietnam.
The number of passengers through Vietnam airports during the year increased 12.9 percent to 106 million passengers.
“This will also get along with a plan to upgrade Phu Bai International Airport in Hue to raise its annual capacity from 1.5 million passengers to 5 million.”
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 million and the number of foreign visitors rising steadily year after year, hitting the highest ever at 15.5 million last year, it is still modest for Vietnam to have only five airlines, he said recently.
Vietravel wants to have its airline headquartered in the central town of Hue, he added.
“The plan of Vietravel will help create more new flight routes to and from Hue, and thus connect the city with more tourists,” said Nguyen Van Phuc, deputy director of Thua Thien – Hue Province, home to the imperial town of Hue.
This will also get along with a plan to upgrade Phu Bai International Airport in Hue to raise its annual capacity from 1.5 million passengers to 5 million.
Vietravel has taken the first steps into the airline industry through organizing charter flights with its partners.
For the past two years, it has operated around 300 charter flights both domestically and internationally each year.
Vietnam’s newest airline, Bamboo Airway, recently completed its maiden flight.
The four other carriers currently in Vietnam are Vietnam Airlines, Vietjet Air, Jetstar Pacific, and VASCO.
Together, the four of them transport more than 50 million passengers last year, up 14 percent against 2017, according to the Civil Aviation Authority of Vietnam.
The number of passengers through Vietnam airports during the year increased 12.9 percent to 106 million passengers.
Questions & Answers
Q.What is the primary reason Vietravel believes there is a need for a new airline?
What is the primary reason Vietravel believes there is a need for a new airline?
Vietravel predicts that demand for air travel will continue to rise. Its CEO states the domestic aviation market has significant potential, given Vietnam's population and increasing foreign visitors, despite already having five airlines.
Q.Where does Vietravel plan to base its new airline, and what local impact is expected?
Where does Vietravel plan to base its new airline, and what local impact is expected?
Vietravel intends to headquarter its airline in Hue. This is expected to create new flight routes to and from Hue, connecting the city with more tourists and aligning with plans to upgrade Phu Bai International Airport's capacity.
Q.Has Vietravel had any prior experience in the airline industry before this announcement?
Has Vietravel had any prior experience in the airline industry before this announcement?
Yes, Vietravel has previously organised charter flights with partners. Over the past two years, it has operated approximately 300 domestic and international charter flights annually, taking initial steps into the industry.
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