Vietnam Airlines raises salary for its pilots

The Vietnam Airlines Corporation has decided to increase the salary of pilots on Boeing B787 and Airbus A350 by 22 percent, nine months ahead of schedule.


Illustrative image (Photo: Vietnam Airlines)
Hanoi (VNS/VNA) - The Vietnam Airlines Corporation has decided to increase the salary of pilots on Boeing B787 and Airbus A350 by 22 percent, nine months ahead of schedule.

The pay rise was announced in the context of a fiercely competitive aviation market and shortage of pilots.

A pilot and instructor who fly 85 hours a month will have a new monthly salary of 116 million VND (5,000 USD), increasing by 21 million VND, while a co-pilot earns 56 million VND, up 10 million VND.

This salary does not include other income items such as title salary, responsibility allowance, flight supervisor allowance (if any), overtime pay, telephone, stationery and aviation security money.

Thus, if increasing the salary by 21 million VND for pilots and instructors and 10 million VND for co-pilots, the average income is 229 million VND and 136 million VND, respectively. 

CEO of Vietnam Airlines Duong Tri Thanh said the earlier pay rise is part of great efforts by the corporation, aiming to ensure the income level for pilots in the face of constraints from management mechanisms, especially strict regulations on salaries and bonuses under the guidance of competent authorities.

“To the extent permitted, Vietnam Airlines has made efforts to improve the salary, bonus and special preference policies applicable to the aircraft pilots,” Thanh said.

On June 1 this year, Vietnam Airlines reformed the salary for Vietnamese aircraft pilots, in which the net income of Vietnamese pilots and instructors is equal to 75 percent of foreign counterparts, while that of co-pilots equal to 65 percent of their foreign counterparts.

“We will continue to implement wage reforms until 2025,” Thanh said.

 

A source told VnExpress that although the 2019 salary had not been announced, the income for pilots at Vietjet ranges between 140 million VND and 240 million VND. For Jetstar Pacific, this figure is between 100 million VND and 180 million VND.

According to Vietnam Airlines, it takes four years to train an A321 pilot and seven to eight years for an A350, with high training costs. The average income of each pilot is about 150 million VND per month.

The carrier is operating 115 aircraft, with more than 20,000 employees. About 1,200 are pilots, of which 800 were trained by Vietnam Airlines.

A report by the Civil Aviation Authority of Vietnam shows that Vietnamese airlines are operating more than 170 aircraft. The figure is expected to rise to 250 units in 2020, with an annual increase of about 200 pilots.

Concluding a governmental conference in June this year, Prime Minister Nguyen Xuan Phuc asked that the establishment or expansion of airlines must ensure the maintenance and improvement of aviation safety, as well as the ability to supply human resources including pilots, engineers, and repair and maintenance staff./.VNA

Vietnam’s airlines industry still lacks a large number of pilots

Vietnam’s airlines industry still lacks a large number of pilots

Great pressure is being placed upon the airlines industry’s manpower as a consequence of ambitious schemes to expand aviation fleets and open more runways to cater to new airlines.  

Time for pilot training schools to prosper

Time for pilot training schools to prosper

The fleet expansion of airlines and the appearance of new airlines in the market have led to a pilot shortage in Vietnam.

Vietnamese pilot who shot down seven American aircrafts dies aged 83

Vietnamese pilot who shot down seven American aircrafts dies aged 83

Senior Colonel Nguyen Van Bay, famous for shooting down seven enemy planes during the war against the US, passed away in HCM City after a stroke. He was 83.

 
 

Other News

.
Pandemic has no impact on plastic firm
Pandemic has no impact on plastic firm
BUSINESSicon  27/03/2020 

The global spread of COVID-19 has had an insignificant impact on An Phat Bioplastics JSC’s performance in the first three months, shareholders were told on March 25.

Payment deadline extension proposed for over $3 bln in taxes
Payment deadline extension proposed for over $3 bln in taxes
BUSINESSicon  27/03/2020 

The Ministry of Finance has proposed the payment deadlines for $3.4 billion in taxes be extended to support enterprises, business households and individuals doing business that are directly affected by COVID-19 pandemic.

National food reserves always sufficient for emergencies: authority
National food reserves always sufficient for emergencies: authority
BUSINESSicon  27/03/2020 

National food reserves are enough to cater for emergency situations, the General Department of State Reserves (GDSR) said on March 26.

Rapid growth forecast for solar rooftop energy industry
Rapid growth forecast for solar rooftop energy industry
BUSINESSicon  27/03/2020 

Technological advances, preferential credit policies and pricing incentives have set the stage for solar rooftop energy to become the next big thing in clean energy in Vietnam, according to industry insiders.

Exporters advised to stay ready for orders from Europe
Exporters advised to stay ready for orders from Europe
BUSINESSicon  27/03/2020 

Vietnamese exporters have been advised to make preparations so as to stay ready for orders from Europe when the EU-Vietnam Free Trade Agreement (EVFTA) takes effect and the COVID-19 pandemic is stamped out.

COVID-19 shows pressing need for quicker digital transformation
COVID-19 shows pressing need for quicker digital transformation
BUSINESSicon  27/03/2020 

Minister of Information and Communications Nguyen Manh Hung has urged digital companies to develop platforms for online services as COVID-19 pandemic has sparked a pressing need for Vietnam to hasten digital transformation.

RoK banks expand presence in Southeast Asia
RoK banks expand presence in Southeast Asia
BUSINESSicon  27/03/2020 

Banks of the Republic of Korea (RoK) have strengthened their foothold in Southeast Asia by opening more branches in the rapidly-growing market, the Financial Supervisory Service (FSS) said.

Online sales rise sharply amid pandemic
Online sales rise sharply amid pandemic
BUSINESSicon  27/03/2020 

As Vietnamese are now favoring ‘contactless purchases’ in Covid-19, online sales have increased rapidly.

Covid-19 crisis leads to opportunity to expand markets
Covid-19 crisis leads to opportunity to expand markets
BUSINESSicon  27/03/2020 

2020 is a special year for Vietnam because of the 4.0 industry revolution and Covid-19 outbreak.

Are Vietnam’s securities cheap?
Are Vietnam’s securities cheap?
BUSINESSicon  27/03/2020 

The VN Index has decreased by 156 points, or 17.7 percent, since the beginning of March.

Securities service fees cut does help, but more drastic measures in need: experts
Securities service fees cut does help, but more drastic measures in need: experts
BUSINESSicon  26/03/2020 

The finance ministry’s recent cut and exemption of some securities service fees won't urgently help soothe investor nerves over the spread of the COVID-19 and more strong measures are needed to support businesses, analysts have said.

Banks slash fees for interbank fund transfers
Banks slash fees for interbank fund transfers
BUSINESSicon  26/03/2020 

Thirty-seven commercial banks have confirmed the reduction of fees for fast interbank fund transfers following the move of the National Payment Corporation of Vietnam (NAPAS) to halve the switching fees for local banks from Wednesday.

Foreign currency market eases following central bank’s intervention
Foreign currency market eases following central bank’s intervention
BUSINESSicon  26/03/2020 

The US dollar on Wednesday depreciated against the Vietnamese dong after the State Bank of Viet Nam (SBV) sold the greenback on the cheap to stabilise the local foreign exchange market.

Vietnamese currency more stable than other regional peers
Vietnamese currency more stable than other regional peers
BUSINESSicon  26/03/2020 

Though the unofficial value of the VND has now fallen about 3 percent against the USD, the rate is still a smaller depreciation than that seen by most of Vietnam’s regional peers and is expected to stabilise around that level.

VN garment-textile group to ask for permission to export anti-virus products
VN garment-textile group to ask for permission to export anti-virus products
BUSINESSicon  26/03/2020 

Vietnam National Garment and Textile Group (Vinatex) will ask for the Government’s permission to export anti-virus products as a measure to overcome difficulties caused by the novel coronavirus (COVID-19) pandemic.

COVID-19 affects Vietnam’s automotive industry
COVID-19 affects Vietnam’s automotive industry
BUSINESSicon  26/03/2020 

The spread of the COVID-19 pandemic in almost all countries and territories worldwide is likely to force automobile manufacturing and assembly firms in Vietnam to scale down operations and even close their factories.

COVID-19 brings more business to insurers
COVID-19 brings more business to insurers
BUSINESSicon  26/03/2020 

The COVID-19 pandemic has so far hurt many businesses in the country, except the insurance industry.

COVID-19 pandemic leaves Airbnb hosts thinking of the long-term
COVID-19 pandemic leaves Airbnb hosts thinking of the long-term
BUSINESSicon  26/03/2020 

There are many problems associated with COVID-19, but one major issue caused by the global pandemic is its virtual destruction of the travel industry.

Coronavirus: US Senate passes $2tn disaster aid bill
Coronavirus: US Senate passes $2tn disaster aid bill
BUSINESSicon  26/03/2020 

The largest government economic stimulus in US history is approved, despite a last-minute row.

Foreign currency market stabilised following central bank’s intervention
Foreign currency market stabilised following central bank’s intervention
BUSINESSicon  26/03/2020 

The US dollar on March 25 depreciated against the Vietnamese dong after the State Bank of Vietnam (SBV) sold the greenback on the cheap to stabilise the local foreign exchange market.

 
 
 
Leave your comment on an article

OR QUICK LOGIN