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Vietjet Annual Shareholders’ Meeting 2016 – 2017: Focus on Sustainable Development, Promotion of Tourism and Local Economic Growth

April 26, 2017 Business News No Comments Email Email

Vietjet Aviation Joint Stock Company’s  recent Annual Shareholders’ Meeting 2017 reported positive business results in 2016, with an annual turnover of 27,499 billion Dong and profit after tax of 2,496 billion Dong – an increase of 38.6 percent and 113.2 percent respectively compared to the previous year.

The airline exceeded its annual target by 3 percent and 9 percent respectively, while earnings per share stood at 9,586 dong.

The airline operated 84,455 safe flights, recorded high percentage of OTP at 83.57% with technical reliability at 99.57%, and was listed as one of the top airlines operating the A320/A312 family in the region. Its flight operations, ground operations and engineering safety indicators are listed as among the highest quality of airlines in the region.

Vietjet procured 12 new aircrafts last year, increasing its fleet to 41 aircrafts in total, including 30 A320 and 11 A321 aircrafts. This enabled the airline to transport a total of 14.05 million passengers, 50.9% more than 2015, allowing Vietjet to take the lead in the domestic market.

For 2017, the company intends to implement a sustainable development programme, invest in enhancing internal human resources, protect the environment, carry out its corporate social responsibilities in line with the national tourism development strategy, as well as promote local economic development, cultural practices and aviation civilization among passengers and the community.

“Vietjet remains committed to operating the airlines with utmost priority on safety and reliability, as we continue to innovate and improve on our service quality and operational efficiency, in line with international aviation standards and practices,” said Vietjet’s Chairwoman, Nguyen Thanh Ha.

“We are ready to conquer new heights! There is a bright future for Vietjet in the horizon and Vietjet is making every effort to make it a reality,” she added.

Vietjet shareholders’ meeting ended successfully with all reports and proposals being approved at the rate of 100%, including:

+ Agree to allocate profit with an average rate of 118.71%. Vietjet expects to pay 10% dividend in cash on 10 May 2017. In addition, the company will also pay BONUS share dividend of 40% to shareholders to bring back the best value to shareholders.

+ Set revenue target of 42,018 billion dong, profit after tax of 3,395 billion dong and pay cash and stock dividends of 50% in 2017.

+ Agree to request for scrapping the foreign ownership cap.

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