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Aviation market records stable growth

Aviation market records stable growth

The number of passengers going through Vietnamese airports is estimated to hit 106 million by the end of this year, a rise of 12.9 percent year-on-year, according to the Civil Aviation Authority of Vietnam (CAAV).

Boeing foresees steady growth in Southeast Asian aviation market

Boeing foresees steady growth in Southeast Asian aviation market

Buoyed by a fast-growing economy and increasing demand for long-range passenger services, Boeing (NYSE: BA) projects that airlines in Southeast Asia will need 940 wide-body aircrafts over the next 20 years, which will cost approximately $280 billion.

Aggressive aviation growth sparks concern

Aggressive aviation growth sparks concern

While Vietnam does not appear to be hitting the breaks on its aircraft buying spree, the country’s aviation market is beginning to feel the effects of accelerated growth marred by overloaded airports, crowded airspace, and stressed flight attendants.

Air travel surges 20 percent in 9 months

Air travel surges 20 percent in 9 months

The aviation market in the past nine months saw a year-on-year increase of more than 20 percent in the number of passengers, estimated the Civil Aviation Administration of Vietnam.