Update news CAAV
VietNamNet Bridge - In December 2003, the Vietnam-US Bilateral Air Transport Agreement was signed, allowing air carriers to open direct air routes between the two countries.
Vietnam Airlines continues to be a traditional airline which provides full-service flights, but it will cooperate with Jetstar Pacific to exploit the lower-end market. Vietjet Air targets a hybrid model between traditional and low-cost airlines.
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.
Analyst continue to draw comparisons between Vietnam Airlines, the nation’s flag air carrier, and the low cost carrier Vietjet Air, as both of them have listed shares on the stock market.
VietNamNet Bridge - The Vietnamese aviation sector has become more attractive as well as more challenging as many investors are expressing interest in the market.
VietNamNet Bridge - Vietjet Air has launched its IPO and plans to list its shares at the HCMC Stock Exchange (HOSE) on February 28. It is also considering issuing bonds in the international market.
Vietnam Airlines, the national flag air carrier, unexpectedly lost its Number 1 position in terms of domestic passenger transport during Tet to Vietjet Air. However, it remains a favorite air carrier thanks to high OTP (on-time performance).
The sharp price increase of aviation companies’ shares is attributed to their good business performance and investors’ high expectations for Airports Corporation of Vietnam (ACV), Vietnam Airlines and Vietjet Air.
VietNamNet Bridge - Vietnam’s aviation industry has scored new grade promotions recently with high revenue growth rate and rapid development of modern fleets.
VietNamNet Bridge - The Civil Aviation Authority of Vietnam (CAAV) thinks a second Noi Bai airport is necessary, but aviation experts disagree.
VietNamNet Bridge - After four years of operation, Vietstar Airlines wants to increase its charter capital and expand the fleet. However, two ministries cannot reach agreement on the issue.