Vietnam Airlines is soaring to new heights, aiming to bolster its fleet with a minimum of 50 additional aircraft as part of a robust strategy to expand its operations amidst a global jet shortage. During an extraordinary general meeting on Thursday, Chairman Dang Ngoc Hoa revealed that these acquisitions are vital for the airline’s recovery from the pandemic, as it prepares to launch or resume services on 15 international routes this year.
As part of its ambitious plans, the state-owned carrier recently received government approval for the procurement of 50 narrow-body aircraft and 10 spare engines, with an eye-popping price tag of nearly US$3.7 billion. Currently boasting a fleet of 100 aircraft, Vietnam Airlines anticipates reaching 137 by 2030 and 164 by 2035.
However, the clock is ticking. With soaring global demand for commercial aircraft, the airline must act swiftly to place orders that ensure delivery before 2030. Failing to do so may push Vietnam Airlines into a tricky situation, where it will have to lease planes starting in 2027—a scenario none would prefer.
Adding to the urgency are ongoing technical difficulties with Pratt & Whitney engines, which have grounded 15 narrow-body Airbus A321 aircraft while four wide-body Airbus A350 are undergoing maintenance. As a result of this aircraft shortage, the remaining planes are working overtime, averaging 11.5 flight hours each day—a significant jump from the pre-Covid average of 10 hours.
In a nod to its expansion ambitions, shareholders have also endorsed a move for Vietnam Airlines to issue more shares, raising VND22 trillion (approximately $848 million) in 2025 and 2026.
With eyes set firmly on the future, the airline not only hopes to strengthen its fleet but also to reclaim its position as a key player in the competitive skies.
Who knew managing a fleet could be as complex as a game of chess?
What is the purpose of Vietnam Airlines’ plan to acquire new aircraft?
The plan to acquire new aircraft aims to support the airline’s ambitious expansion plans and boost its recovery post-Covid by launching or resuming services on 15 international routes this year.
What approval did Vietnam Airlines recently receive?
Vietnam Airlines received government approval for the purchase of 50 narrow-body aircraft and 10 spare engines at a cost nearing US$3.7 billion.
How many aircraft does Vietnam Airlines currently operate?
The airline currently operates a fleet of 100 aircraft and plans to expand to 137 by 2030 and 164 by 2035.
