VietNamNet Bridge – The first low-cost airline of Vietnam – Vietjet – conducted many important business activities in May, including the reception of three new aircraft, the launch of new international routes and the increase of frequencies of international flights to meet the increasing travel demand of domestic passengers in high season.

Particularly, Vietjet launched the Da Nang – Seoul air route and opened a sale campaign for the route between Hanoi and Yangon (Myanmar), which is expected to operate from August 31st. 

The firm also increased frequencies of international routes to 11 return flights per week from July 21st and 14 return flights per week from August 2nd for the Hanoi – Taipei (Taiwan) and Hanoi – Seoul (South Korea) routes, respectively. A long with launching new air routes, Vietjet remained its high load rate of over 88%. 

During Prime Minister Nguyen Xuan Phuc’s visit to the US in late May, Vietjet signed agreements with CFM International, GECAS and Honeywell Aviation worth $4.7 billion.

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

In the first five months of 2017, Vietjet operated nearly 39,100 safe flights, transported more than 6.5 million passengers, an increase of 29% compared to same period of 2016. In May alone, it carried over 1.5 million passengers.

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

With this result, the revenue from airline operation of Vietjet in May stood at approximately VND8,352 billion, an increase of 44% year on year and exceeded the budgeted forecast by 9%.

PV