Amid reports of Vietnam Airlines' plans to launch flights to the United States, Bamboo Airways Chairman Trinh Van Quyet expressed his interest in routes to the U.S., according to Reuters. The news stems from the Vietnamese carrier's plans to launch an initial public offering in the U.S., raising up to $200 million for the airline and helping it access a broad investor base in the country. Expansion Plans Quyet expressed his intentions to launch and relaunch international flights to the…
On Wednesday, Vietnam Airlines' Board of Directors approved a plan to initiate direct services to the United States. Under the plan, the Vietnamese-flag carrier will commence flights in two phases. Launching Flights to the United States Firstly, Vietnam Airlines will apply to the United States Department of Transportation for further…
According to a 2020 report by the Airports Council International, Vietnam is one of the fastest-growing aviation sectors worldwide. Vietnam's aviation industry has seen many new entrants in recent years, including notable upstart Bamboo Airways. The nation, however, got a new player on Monday, as Vietravel Airlines commenced commercial operations…
The aviation industry in Vietnam is growing fast. With new startups in Vietnam like Vietravel Airlines, Bamboo Airlines, and VietJet Airlines emerging, airports in Vietnam can handle limited passengers. For example, Ho Chi Minh City's main airport, Tan Son Nhat International Airport, is designed to handle 25 million passengers. However,…
Earlier this week, UPS Airlines announced its first-ever flights to Vietnam. The first flight, UPS flight number 146, arrived on September 15, 2020 at Ho Chi Minh City’s Tân Sơn Nhất International Airport and was operated with one of the shipping giant’s Boeing 767-34AF freighters. UPS Airlines' new route to…
As a result of the COVID-19 pandemic, Vietnam Airlines posted a $284 million loss in the first half of 2020 and expects its loss could reach $655 million by the end of the year. The airline recorded a remarkable year in 2019 and earned $4.3 billion. Vietnam has prevented the…
Vinpearl Air, a proposed Vietnamese airline set to launch in summer 2020, is being scrapped. Its would-be owner, Vingroup JSC, plans instead to focus on technology and manufacturing businesses, including developing electric vehicles (EVs). Plans for Vinpearl Air were announced last year. In Aug. 2019, Vingroup said the carrier had…
Vietnam's low-cost carrier, VietJet Air, has announced its third-quarter financial statement, revealing air transport revenues and profit before taxes were VDN 10,415 billion ($448 million USD) and VDN 1,310 billion ($56 million USD), respectively. The figures showed an increase of 17 percent year-on-year with average load factors around 88 percent.…
Vietnam's Bamboo Airways is adding another flight between Vietnam and Taiwan in time for the busy summer travel season. The Vietnamese carrier that started operating in January of this year will launch non-stop flights between Taiwan Taoyuan International Airport and the popular tourist destination of Ha Long Bay in Vietnam…
As a result of the rapid growth of Vietnam's aviation industry, Boeing has successfully made two deals in the country. Bamboo Airlines ordered 10 787-9 Dreamliners for $3 billion and VietJet announced that they would purchase 100 737 MAX jets worth 12.7 billion last week. Bamboo Airways provides domestic services…
