The second wave of COVID-19 that began at the end of July, the peak summer travel period, has disillusioned airlines that had earlier begin to hope for a recovery.
The Planning and Investment Ministry has suggested that the PM delays his approval to new carrier KiteAir’s investment proposal over COVID-19 impacts.
It is undeniable that the aviation industry has contributed greatly to the development of the global economy, accounting for roughly 3.6% of total global GDP.
Amid the global crisis sparked by COVID-19, Vietjet Aviation Joint Stock Company (HOSE: VJC) has created a foundation for recovery and will look to seize all opportunities for sustainable development from 2020 thanks to the resources of a robust management system, the airline’s modern fleet and flexible business strategies, especially its strong financial capacity.
VOV.VN - Hundreds of aircraft have crammed themselves into the parking area of a deserted Noi Bai International Airport as the trade and travel restrictions caused by the novel coronavirus (COVID-19) has seen tourism activities come to a halt and the majority of flights cancelled.
VOV.VN - The Vietnam Aviation Science and Technology Association, working in collaboration with GK Wintron Co., Ltd., hosted the first Vietnam International Aviation Expo (VIAE 2019), which opend in Hanoi on November 26.
Over the past few years, Vietnam’s aviation market has been sustaining a two-digit growth rate, while the introduction of new airlines has also put high quality personnel in the industry on high demand.
Vietnam’s aviation industry has seen its strongest growth in the past decades with double-digit growth set in five consecutive years, but it is still faced with sustainable development issues.
Buoyed by the positive impacts of landmark free trade agreements and new amendments to the rules, the Vietnamese aviation industry will offer expanded opportunities for foreign investors.
Vietnamese provinces are proposing new airports without realizing that the country is already overloaded with these facilities, experts say.
The Ministry of Transport plans to spend VND350.5 trillion (US$15.4 billion) to develop the country’s aviation industry from now until 2030.
Airlines transported an estimated 52.2 million passengers in 2016, up 29% from the previous year, according to a report by the Civil Aviation Administration of Vietnam.
The military-run telecom group, Viettel and national carrier Vietnam Airlines signed a strategic co-operation agreement in Hanoi on February 24.
Airline stocks may ride a rising wave this year with the debut of budget airline Vietjet on the HCM Stock Exchange later this month, in a scenario similar to the impact of Sabeco’s 2016 listing on of beer stocks in general.
VOV.VN - The successes of VietJet Air, the first private airline in Vietnam, have been closely attached to the image of the company’s dynamic CEO, Nguyen Thi Phuong Thao.
GE Aviation is providing the newest technologies to Vietnamese airlines, treating Vietnam as a focal point as the country grows into a regional hub of business and tourism.
Vietnam’s aviation industry has scored new grade promotions recently with high revenue growth rate and rapid development of modern fleets.
Aerospace Engineering Services JSC (AESC), a Vietnamese joint stock company, has proposed joining with the Vietnamese Government to develop the country's aviation industry, with support from the Airbus Group.
Vietnamese carriers are constantly upgrading capacity, facilities and air fleets to establish a better position among other Southeast Asian carriers following the regional integration that will be finalized this month.
(VOV) - Vietnam will become one of the world’s third fastest growing aviation markets, according to Lianhe Zaobao (United Morning) newspaper in its October 23 edition.