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Vietjet Announces Positive Business Updates, Receives 3 New Aircraft & Launches New International Routes

June 30, 2017 Aviation No Comments Email Email

In May, Vietjet Aviation Joint Stock Company (“Vietjet”) received three new aircraft, launched new international routes and increased frequencies of international flights to meet the increasing travel demand of domestic passengers in high season.

In May, Vietjet launched the Da Nang – Seoul route; and announced the new route between Hanoi and Yangon (Myanmar), which is expected to commence operations on August 31st, 2017. Vietjet also increased the frequencies of international routes to 11 return flights per week from July 21st, 2017 and 14 return flights per week from August 2nd, 2017 for Hanoi – Taipei (Taiwan) route and Hanoi – Seoul (Korea) routes respectively.

Along with launching a series of new routes, Vietjet retained its high load factor of over than 88%. In the first 5 months of 2017, Vietjet operated nearly 39,100 safe flights and transported more than 6.5 million passengers, an increase of 29% as compared to same period of 2016. In May, it carried over 1.5 million passengers.

Up to 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.

The revenue from airline operations in May stood at approximately USD 367 million, an increase of 44% compared to the same period of the preceding year, exceeding the budgeted forecast by 9%.

At the visit of Prime Minister Nguyen Xuan Phuc to the United States in late May, Vietjet signed agreements with CFM International, GECAS and Honeywell Aviation, as witnessed by Prime Minister Nguyen Xuan Phuc and US Secretary of Commerce Wilbur L. Ross, Jr. Those agreementswere worth USD 4.7 billion.

Later, in Tokyo, Japan, Vietjet and Mitsubishi UFJ Lease & Finance (MUL), 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.

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