VOV.VN - Vietnamese budget airline Jetstar Pacific has made the decision to revert to its former name, Pacific Airlines, with its fresh logo and brand identity set to feature the dominant colours of national flag carrier Vietnam Airlines, according to a representative of Vietnam Airlines.
VOV.VN - All of the nation’s airlines are operating at between 80% and 90% of seating capacity following the removal of the seat distancing rule and the easing of restrictions on passenger numbers on planes.
Hospitality group Thien Minh says it’s carrier KiteAir could lose VND350 billion ($15.07 million) in the first three years of operations.
Vietnam will catch up with Thailand in the number of domestic air carriers, just second to Indonesia, when all air carriers that have applied for a license begin operation.
Bamboo Airways, a subsidiary of real estate developer FLC Group, began construction of an aviation training centre in the central province of Binh Dinh on July 28.
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).
Even though Vietnam’s aviation market anticipates the introduction of a new airline by the end of 2018 and more likely to come in the near future, experts are skeptical passengers will benefit from dropping airfares despite growing competition.
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.
While Bamboo Airways is making bold moves in high hopes of taking off in late 2018, there are doubts it could follow in the footsteps of previous losing efforts amid stiffening competition in the potential domestic aviation market.
VOV.VN - Zurich Airport is seeking cooperation with Vietnam in training and transfer of airport management experience and technology.
Vietnam Airlines, the nation’s flag air carrier, has decided to join hands with Jetstar Pacific to market cheap air tickets priced from VND11,000 to VND1 million for both domestic and international routes.
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.
Over 38,000 flights operated by Vietnam-based carriers were delayed or canceled in the first 11 months of 2016, according to a recent report by the Civil Aviation Authority of Vietnam (CAAV).
With a powerful fleet which has been expanding recently, Vietnam is expected to play a role in the international aviation market.
Air carriers have rushed to buy airplanes to expand their fleets, a reflection of the high growth rate of the Vietnamese aviation market, but this flurry of purchases has raised worries about overloading infrastructure.
According to the Center of Asia Pacific Aviation (CAPA), the domestic aviation market of Vietnam will suffer losses in the medium term, when the average fares fall because of competition.
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.