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Vietjet adopts fuel efficiency solution

Released at: 14:08, 22/06/2017 BUSINESS SPOTLIGHT

Vietjet adopts fuel efficiency solution

Photo: Vietjet

Budget carrier signs agreement at Paris Airshow to acquire Safran's SFCO2 fuel efficiency solution.

by Linh San

Vietjet Air signed an agreement with Safran, the provider of the SFCO2 fuel efficiency solution, during the Paris Airshow 2017 on June 21. The SFCO2 service contract spans five years and covers Vietjet’s entire fleet.

“As an important element of Vietjet’s fuel efficiency program, Safran’s SFCO2® service will enable us to meet our fuel consumption efficiency objectives so that we can combine economic and environmentally-friendly performance,” said Mr. Dinh Viet Phuong, Vietjet’s Vice President.

The agreement will help the budget carrier improve its operational efficiency by reducing fuel consumption and CO2 emissions. It also provides for operational recommendations, along with a special SFCO2 web application that enables the carrier to track its progress and potential savings.

The SFCO2 solution combines the expertise of Safran Aircraft Engines, one of the world’s leading aero-engine manufacturers, with the long-standing experience of Safran Electronics and Defense in flight data analysis.  

“We are proud to win this contract to support Vietjet’s day-to-day performance and dynamic growth over the next five years,” said Mr. François Planaud, Safran’s Vice President of Services & MRO. “Our selection confirms the effectiveness of our SFCO2® service and provides further recognition of our global expertise in fuel efficiency solutions.”

Applying advanced technology and environmentally-friendly solutions in daily operation is one of the top priorities of Vietjet. By analyzing both operational and maintenance aspects, Safran’s SFCO2® service develops procedures and recommendations to address the need for greater fuel efficiency, which can reduce Vietjet’s fuel consumption by up to 5 per cent, for annual savings in the tens of millions of US dollars.

Safran is an international high-technology group and tier-1 supplier of systems and equipment in the aerospace and defense markets. Operating worldwide, it has nearly 58,000 employees and generated sales of $17.5 billion in 2016. Safran is listed on the Euronext Paris stock exchange and its share is part of the CAC 40 and Euro Stoxx 50 indices.

Established in 2007, Vietjet took to the skies in December 2011. Five and a half years on, it has flown over 35 million passengers and received 32 domestic and nine international accolades, such as being among the Top 500 Brands in Asia 2016 and named “The Best Asian Low Cost Carrier 2015” at the TTG Travel Awards 2015.

It operates 63 routes in Vietnam and across the region to international destinations such as Hong Kong, Thailand, Singapore, South Korea, Taiwan, Malaysia, Cambodia, China, and Myanmar.

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