Vietjet reported continuous growth in its business performance in May with the addition of three new aircraft to its new generation fleet, the launch of new international routes and increased frequencies of international flights to meet the increasing travel demand of domestic passengers in the high season.
In May, Vietjet launched the Da Nang – Seoul route; opened sales for Hanoi – Yangon route, which is expected to operate as of August 31, 2017. Besides, Vietjet increased the frequencies of Hanoi – Taipei route to 11 return flights/ week from July 21, 2017 and Hanoi – Seoul route to 14 return flights/ week from August 2, 2017.
Along with the series of new route launches, Vietjet maintained its high load factor, with a rate of over 88%. In the first 5 months of 2017, Vietjet operated nearly 39,100 safe flights, transported more than 6.5 million passengers, an increase of 29% as compared to the same period of 2016. In May, it carried over 1.5 million passengers
Up to the end of May, Vietjet had its own channel for online ticket distribution and consumer services with 21,378 offline sales points, an increase by 2,803 points compared to that by December 31,2016.
With this result, the revenue from airline operation of Vietjet in May approximately stood at VND8,352 billion (around USD3.6 billion), an increase of 44% compared to the same period of the preceding year and exceeding the budget forecast by 9%.
On the international scene, on the visit of the Vietnamese Prime Minister Nguyen Xuan Phuc to the US in late May, Vietjet signed agreements with CFM International, GECAS and Honeywell Aviation, worth a total of USD 4.7 billion.
Later, in Tokyo, Vietjet and Mitsubishi UFJ Lease & Finance (MUL), a member of Japan’s leading finance group Mitsubishi UFJ Financial Group (MUFG), signed a strategic agreement, which would pave the way for MUL to finance Vietjet’s acquisition of three brand new A321 aircraft, worth US$348 million.
