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Vietjet Receives IATA Membership And Investment For Centre of Aviation Technology

February 21, 2017 Aviation No Comments Email Email

Vietjet Aviation Joint Stock Company (“Vietjet Air”) has received full membership from The International Air Transportation Association (IATA), affirming the new-age carrier’s role and position in the aviation community, both in Vietnam and overseas.

Prior to attaining this membership, Vietjet had been certified by the IATA Operational Safety Audit (IOSA), an internationally recognised and accepted evaluation system designed to assess the operational management and control systems of an airline.

“I am honoured to congratulate Vietjet on receiving IATA’s full membership,” said Antony Tyer, Director General & CEO of IATA in a letter to the airline. “IATA’s mission is to represent, lead and serve the airline industry and is the collective voice of some 272 airlines from over 117 countries worldwide. Our vision is to be the force for value creation and innovation driving a safe, secure and profitable air transport industry that sustainably connects and enriches our world. I believe in Vietjet and hope the airline will continue to have more fruitful achievements by maximizing the benefits of being an IATA member.”

In addition to the IATA membership acceptance, Vietjet recently received investment approval from the People’s Committee of Ho Chi Minh City for its Aviation Technology Centre project, which is part of a program to develop the Vietjet Aviation Academy in Saigon Hi-Tech Park. The project will break ground in March 2017 and will be open for operation from December this year. Phase one will see the install of the Full Flight Simulator Centre for pilot training, which will run in cooperation with aircraft manufacturer, Airbus.

This comes in quick succession of Vietjet’s recently announced successful growth throughout 2016, with revenue of US$1.21 billion and profit of US$105 million. With its commitment to tapping increasing demand for air travel, the airline achieved a load factor of 88.9%, flying more than 14 million passengers last year alone.

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