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Vietjet records solid 5M business performance

Released at: 14:07, 28/06/2017 BUSINESS SPOTLIGHT

Vietjet records solid 5M business performance

Photo: Vietjet

Budget carrier sees business indicators increasing in first five months of 2017.

by Doanh Doanh

Vietjet operated nearly 39,100 safe flights and transported more than 6.5 million passengers in the first five months of 2017, an increase of 29 per cent year-on-year. In May, it carried over 1.5 million passengers.

As at the end of May, Vietjet had its own online ticket distribution channel and consumer services at 21,378 sales points, an increase of 2,803 points compared to December 31, 2016.

Revenue from its operation increased 44 per cent year-on-year in May and exceeded its forecast by 9 per cent.

Vietjet received three new aircraft in May, joining its new generation, modern fleet. It launched new international routes and increased the frequency of international flights to meet the increasing travel demand among domestic passengers in the peak travel season.

It launched the Da Nang - Seoul route in May and opened a sales campaign for the route between Hanoi and Yangon, Myanmar, which is expected to begin on August 31. It also increased the frequency of international routes to eleven return flights a week from July 21 on the Hanoi - Taipei, Taiwan route and 14 return flights a week from August 2 on the Hanoi - Seoul, South Korea route.

During the visit by Prime Minister Nguyen Xuan Phuc to the US in late May, Vietjet signed agreements with CFM International, GECAS, and Honeywell Aviation, witnessed by the Prime Minister and the US Secretary of Commerce, Wilbur L. Ross, Jr. The agreements totaled $4.7 billion.

Later, in Tokyo, Japan, Vietjet and Mitsubishi UFJ Lease & Finance (MUL), a member of Japan’s leading finance group Mitsubishi UFJ Financial Group (MUFG), signed a strategic agreement that will pave the way for MUL to finance Vietjet’s acquisition of three brand new A321 aircraft worth $348 million.

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