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Update news vietnam aviation
The Ministry of Transport has issued a circular which will increase ceiling airfares for domestic routes from March 1, 2024, after the peak travel time of Lunar New Year holidays.
Hanoi has approved the planning of a second airport with the construction expected to be started in 2040 and completed in 2050.
The Ministry of Transport has issued a circular allowing domestic airlines to raise the ceiling prices of domestic air tickets on airlines’ request.
Authorities in the Central Highlands province of Lam Dong proposed to launch an air route connecting its Lien Khuong Airport and Singapore on Monday.
Authorities in the northern central province of Thanh Hoa have proposed that airlines resume and increase flights from the Tho Xuan Airport to other domestic airports to meet rising local demand.
The Ministry of Transport has requested that Vietnamese airlines arrange more night flights to meet the increasing demand for passenger transportation in the coming New Year and lunar New Year holidays.
Vietnamese airlines have enjoyed better business results on the back of the tourism sector’s strong recovery. However, high oil prices and fierce competition from foreign competitors are among the grave concerns for domestic carriers.
Domestic airlines in Vietnam have experienced a decline in the on-time performance (OTP) during the first 10 months of this year, with only two airlines maintaining OTP rates above 90%, compared to four airlines in the previous year.
The slow recovery of the global aviation market and sliding regional demand for air travel could prolong the path to recovery for local airlines.
Slower recovery in international markets and lower demand in domestic air travel have been hindering the recovery of Vietnam's airline industry, said industry insiders and policymakers.
In high season, the prices of air tickets fluctuate dramatically. They suddenly soar and then plummet, causing customers to lose confidence in airlines.
The airlines are expected to present plans outlining their intentions to increase capacity on specific routes during the Tet holiday season.
Ca Mau Provincial People's Committee proposed a plan to offer subsidies for airlines to the Provincial People's Council to encourage the operation of flights to the local airport.
Vietnam’s international aviation market has gradually recovered in the first nine months with an increase in the number of foreign passengers, said the Vietnam Civil Aviation Authority (CAAV).
The conference by the International Air Transport Association (IATA), with its first ever being hosted by VN, takes place under the theme of "Leadership in Action: Driving Safer and More Efficient Operations" in three days, September 19-21.
The World Safety and Operations Conference (WSOC) will take place in Hanoi from September 19-21 under the theme of “Leadership in Action: Driving Safer and More Efficient Operations”.
Mekong Aviation JSC stopped flying 10 years ago and left the market, but it still must pay VND5.5 billion it owes to Saigon Ground Service (SGN) as per the request of the Phu Quoc City Civil Judgment Execution Sub-department.
Located in an advantageous geographical position but with poor infrastructure, Vietnam remains uncompetitive in air cargo transport with Singapore, Thailand and Malaysia.
Vietnam is seen as a potential aviation market with increasingly high travel demand. However, Vietnam Airlines has reported an accumulated loss of VND34 trillion. In the past, many airlines had to leave the market, and some of them never launched.
The Ministry of Transport has issued a document on reviewing and amending circulars related to air transport, specifying the obligations of air carriers towards passengers in cases of cancellations and delays.