Vietravel

Retail Asia16/08/2023

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 carrier next month. If it can lease three more planes from Cambodia Airways […]

Retail Asia09/02/2023

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 VND1.3 trillion. It owns three narrow-body Airbus A321 jets. Viettravel made this proposal to boost development […]

Retail Asia21/12/2021

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 filing last month, Vietravel revealed it held a 99.5 percent stake in the carrier. Chairman […]

Retail Asia10/12/2021

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 costs rose 42 percent to VND65.6 billion. Its carrier, Vietravel Airlines, recently resumed operations after being grounded for […]

Retail Asia06/12/2021

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 it will reopen ticket sales from 9 a.m. Monday, with the first flight taking off next Thursday. The flights […]

Retail Asia22/11/2021

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 Airport in the central province of Thua Thien Hue, Vietravel Airlines was licensed in April 2020 with a […]

Retail Asia12/05/2021

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 owned by Vietravel. It began operating on several domestic routes amid […]

Retail Asia03/05/2021

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 hit travel. Its accumulated losses as of the end of […]

Retail Asia21/01/2021

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 Nha Trang, Phu Quoc, Da Nang, and Hue. It has […]

Retail Asia05/02/2019

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 […]

Tag: Vietravel

Vietravel Airlines seeks to lease three more aircraft from Cambodian carrier

Vietravel Airlines plans 6-fold increase in charter capital by 2025

Vietravel sells majority stake in airline

Vietravel loss triples in year’s first half

Vietravel Airlines to resume domestic flights

Vietravel invests $25.8 mln in its carrier

Vietravel eyes stake sale in new airline

Vietravel posts $3 mln loss in Q1

Vietravel Airlines to start flying next Monday

Vietnamese travel agency intends to invest in sixth airline: CEO