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Tag: Vietjet

Retail Asia21/02/2024
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ECS Group wins Thai VietJet cargo contract in Asia

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Low-cost carrier Thai VietJet Air has awarded the tender of its cargo operations to ECS Group with a signed master GSSA agreement with subsidiary AVS GSA Thailand, on 01 February 2024. ECS Group said it aims to increase revenue and cargo volumes for the airline, which operates flights across Thailand and Asia.  Thai VietJet Air […]
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Retail Asia28/09/2023
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Bamboo Airways set to downsize fleet

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After restructuring its flight network, Bamboo Airways has said it will also reduce the number of aircraft to lower costs. An executive at the airline said the restructuring in the past two months included discontinuing unprofitable routes. The airline has not yet announced the number or type of aircraft that will be grounded. According to […]
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Retail Asia13/09/2023
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Vietjet signs $550m funding deal for aircraft order

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Vietjet and Carlyle Group, a US-based financial firm, have signed an aircraft financing agreement worth US$550 million during the official visit of the US President Joe Biden to Vietnam. The agreement will see Carlyle Aviation Partners, a subsidiary of the Carlyle Group, finance the 200-aircraft order announced earlier between Vietjet and Boeing. The order is […]
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Retail Asia13/09/2023
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Vietjet partners 2023 Sydney Marathon

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Vietjet has become the air transport partner for the Sydney Marathon, and is offering free tickets to the event. The Sydney Marathon takes place from September 14 to 17 in the Australian city, and will feature many activities for athletes, locals and tourists. The runners will pass through famous landmarks like Milsons Point, the Sydney […]
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Retail Asia12/12/2022
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Aviation stocks rise amid expected industry recovery

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Stocks of Vietnam Airlines, Vietjet and other companies in the aviation industries have surged as the resumption of flights to China amid its relaxed Covid-19 policy boosted investors’ sentiment. HVN of state-owned Vietnam Airlines closed last week at a ceiling price in its third session in the green and returned to the mid-October price range […]
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Retail Asia25/07/2022
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Vietjet Air, Boeing restructure 200 aircraft deal

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Vietjet Air and Boeing have officially signed a restructuring agreement to continue a contract to purchase 200 Boeing 737 aircraft. Under the agreement signed at the 2022 Farnborough International Airshow from July 18-22, Boeing and budget carrier Vietjet Air have agreed on a flexible delivery schedule in line with Vietjet’s global business plan to complete […]
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Retail Asia12/04/2022
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Aviation yet to gain takeoff momentum

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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 confidence in a brighter picture for the aviation industry this year,” Nguyen Huu Nam, deputy director of the HCMC chapter of […]
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Retail Asia03/03/2022
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Airlines resume hiring as they embark on recovery

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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 expand its fleet and destinations. The airline is offering captains a monthly salary of US$13,300 for flying wide-body […]
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Retail Asia01/11/2021
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Vietjet, Rolls Royce ink $400-mln engine deal

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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. for the 26th United Nations Climate Change Conference, according to a statement from the […]
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Retail Asia28/07/2021
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Bamboo Airways, Vietjet suspend regular flights

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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 severe spread of the disease and social distancing measures imposed in major […]
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Retail Asia30/06/2021
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Vietjet eyes 15 pct stake sale

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Budget carrier Vietjet Air plans to sell a 15 percent stake in a private placement. It plans to sell 81 million shares at the average price of at least the last 10 sessions on the stock market but has not disclosed the timing or buyer’s identity. As of Tuesday, the average figure was VND115,700 ($5.02), […]
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Retail Asia07/06/2021
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Vietjet raises $43.6 mln from bonds

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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 56 percent year-on-year to VND4.05 trillion. In the same period, the company reaped post-tax […]
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Retail Asia10/03/2021
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Vietjet to sell 17.7 mln treasury shares

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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. Vietjet’s VJC shares closed at VND136,000 ($5.89) on March 8, and at this price […]
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Retail Asia23/02/2021
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Vietjet acquires 67 pct in express delivery startup

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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 Thi Phuong Thao, has a charter capital of VND47 billion. Its CEO, Ha Nang […]
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Retail Asia03/02/2021
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Vietjet earns $3 million profit despite pandemic

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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 said in its latest financial statement. The second-largest airline in Vietnam in terms of […]
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