The international visitor volume through Vietnam’s airport has declined sharply because of the outbreak of coronavirus.
The transport ministry is seeking for approval to reacquire the Airports Corporation of Vietnam stakes once sold to non-state shareholders, in a bid to uphold the national aviation security.
The Vietnam Civil Aviation Authority (CAAV) has granted an Aircraft Operator Certificate (AOC) to Vietstar Airlines to carry out commercial flights in the country.
Vingroup is now spreading its wings further into aviation sector with the launch of an airline and other aviation training facilities.
Vietnam Airlines is struggling to retain its pool of qualified pilots amid the so-called excessive competition in the aviation industry, despite a heavy upfront cost poured into recruiting and training these pilots.
Domestic airlines may face difficulties in achieving high revenues in 2019 and profits are anticipated come mainly from the decline in oil prices and service fees from international visitors.
The new airline Bamboo Airways, owned by FLC Group, has just announced that its first commercial flight will be moved to the fourth quarter of this year other than on this October 10 as initially scheduled.
Forbes magazine has also ranked Hoa Phat Group and VietJet Aviation as rising stars to crack the Asia's Fab 50 Companies in the years ahead.
A series of resort property projects that FLC Group has been developing will enable Bamboo Airways to become more competitive in Vietnam's rapidly growing aviation market.
Inheriting the monopoly advantage in the aviation industry from its founding shareholders, ALS quickly harvests the rewards from choosing the right target to focus on, which is the demand for transportation of goods, components production of foreign direct investment (FDI) enterprises such as Samsung and LG to industrial parks around Hanoi city.
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At the end of the first trading session in this April, the total market capitalization of VietJet Aviation Joint Stock Company, currently coded as VJC reached roughly $4.5 billion one year after its listing.
The total investment capital which is required for the expansion and upgrading of Cat Bi airport is estimated at VND6 trillion (equivalent to US$264.55 million).
Vietnam has emerged as one of the world’s fastest growing aviation markets, which creates a lot of opportunities for airlines, espcially Low-Cost Carriers (LCCs) such as Vietjet. However, whether Vietjet can take advantage of these is another question.
The Civil Aviation Administration of Vietnam (CAAV) said that people who illegally exchange and use passenger information on the aircraft would be strictly fined.
