return icon Vietnamnet.vn

Vietnamese aviation market to recover from middle of third quarter

The Vietnamese aviation market is forecast to begin recovering by the middle of the third quarter with this year’s total estimated capacity of over 70 million passengers.

{keywords}
The Vietnamese aviation market is forecast to begin recovering by the middle of the third quarter this year. — Photo vietnamplus.vn

Dinh Viet Thang, director of the Civil Aviation Authority of Vietnam (CAAV), said the forecast was made as the COVID-19 vaccination process had been accelerated in both Vietnam and around the world.

He said many key markets of Vietnam's aviation sector, including Northeast Asia and Europe, could achieve herd immunity soon as a basis for gradually reopening international air transport by the end of the third quarter or at the beginning of the fourth quarter of this year.

Statistics of the CAAV show that the aviation sector’s capacity in the first six months of this year was estimated to reach 26.8 million passengers, 19.4 per cent lower than the same period in 2020, and 668,000 tonnes of cargo, about 12.7 per cent higher than the same period in 2020.

According to a report by the CAAV, the COVID-19 pandemic has brought a tumultuous period to the world aviation industry.

The world aviation industry was estimated to have suffered a dramatic 60 per cent drop over 2020, equivalent to about 2.89 billion passengers, with a revenue deficit of US$327 billion, of which the Asia-Pacific region recorded the strongest drop of $107 billion, the report said.

For the Vietnamese aviation market, 2020 was a challenging time for the aviation industry due to the outbreak of the COVID-19 pandemic. The order restricting flights and social distancing to prevent the spread of the pandemic had caused many international routes to be suspended, the report said.

This year, the domestic aviation market has continued suffering ups and downs due to the pandemic’s developments.

There are about 30 foreign airlines from Northeast Asia, Southeast Asia, Middle East and France operating flights to transport diplomats, experts, investors, skilled workers, foreign students and cargo to and from Vietnam so far, the report said.

Thus, domestic airlines had already used most of their fleets to operate domestic routes with skyrocketing capacity in both frequency and number of routes, the report said.

Accordingly, the number of routes of domestic airlines had reached 62, an increase of 10 routes compared to 2019.

However, since May 31, domestic passenger transport by air had dropped seriously to only 20-30 per cent compared to the March-April period this year.

Due to the inactivity of many aircraft, parking space has been overloaded at Noi Bai International Airport and Tan Son Nhat International Airport.

The CAAV has to adjust the operating schedule so the aircraft could park overnight at other airports, the report said.

After international flight operations are gradually restored, 20-30 per cent of fleets of domestic airlines would no longer stay overnight at the airports because international routes to Europe and Northeast Asia would be run overnight, the report said.

Source: Vietnam News

Debts of three local airlines total VND36 trillion: VABA

Debts of three local airlines total VND36 trillion: VABA

The total short-term and due debts of Vietnam Airlines, Vietjet and Bamboo Airways have reached VND36 trillion and they are facing a shortage of cash flows, according to the Vietnam Aviation Business Association (VABA).

MORE NEWS

Vietnam considers giving visa waiver for golf tourists

Tourism experts have recommended allowing a unilateral visa waiver for 30 days for golf tourists and tourists travelers on special airplanes.

VN to universalize personal digital signature to develop digital economy

Many Vietnamese digital signature authentication service providers are seeking answers about the use of one digital signature for individual citizens.

Disbursement of public investments stuck, VND1 quadrillion deposited at banks

Minister of Finance Ho Duc Phoc said since capital for public investments cannot be disbursed, the Ministry of Finance has had to leave VND1 quadrillion worth of capital at banks with the interest rate of 0.8 percent per annum.

Russian film companies to join Telefim Vietnam 2023

Eighteen Russian firms will attend the International Exhibition of Film, Technology, Radio and Television (Telefim Vietnam) 2023 that will take place in Ho Chi Minh City from June 8-10.

VN to consider downgrading COVID-19 to flu-like status

According to the health ministry's statistics, to date, Vietnam has recorded over 11.6 million COVID-19 infections, with total recoveries logged at 10.63 million.

Bronze age artefacts found in Dak Nong

The Central Highlands province of Dak Nong has recently discovered numerous artefacts belonging to inhabitants dating back 3,500 years.

VIETNAM NEWS HEADLINES MAY 30/2023

Vietnamese nationals rescued from Philippine human trafficking ring return home

Nha Trang Sea Festival director dies in accident

A Khanh Hoa Television Station director has died after falling off a scaffold while conducting an inspection of the grandstands of the Nha Trang Sea Festival 2023 on Monday.

Khanh Hoa reclaims resort mansion of late King Bao Dai

Authorities in the central coastal province of Khanh Hoa have just reclaimed a complex of five French style villas which used to host late King Bao Dai and his family during their holidays for better preservation.

Vietnam among top three attractive destinations for RoK visitors

Vietnam is among the top three most favourite tourist destinations for Korean visitors in Asia, according to statistics from KB Kookmin Card of the Republic of Korea (RoK).

VIETNAM BUSINESS NEWS MAY 30/2023

Vietnam's GDP growth slows in Q1 ahead of expected recovery

VN received 4.6mil foreign visitors in five months, over half the year’s target

Vietnam welcomed nearly 4.6 million international arrivals in the first five months of 2023, soaring 12.6-fold from the same period last year, according to the latest report from the General Statistics Office (GSO).

Japanese dolls go on display in Da Nang

An exhibition of Japanese dolls celebrating the 50th anniversary of the establishment of diplomatic relations between Japan and Vietnam will open at the central city’s Fine Arts Museum on May 30.

International chess masters to play in Da Nang

The city’s culture and sports department said the tournament will see chess masters playing in a round-robin in four groups, with two top each qualifying in the quarter-finals.

380 new species discoveries in the Greater Mekong region: WWF report

With many of the species already under threat of extinction from human activities, WWF is calling on governments in the region to increase protection for these rare, amazing creatures and their habitats.
back_to_top