Vietnam Airlines has joined Qatar Airways as the only two operators of Airbus’ new-generation A350 XWB to date, following the handover of the Xtra Wide Body jetliner on Tuesday. The 305-seat aircraft will enter commercial revenue service later this week, operated on lease from AerCap, the world's largest aircraft leasing company, the French planemaker said in a press release the same day. A ceremony was held at the Airbus facilities adjacent to Toulouse-Blagnac Airport in France to celebrate the milestone delivery, which makes the Vietnamese flag carrier the world’s second A350 XWB operator after Qatar Airways, according to Airbus. With the A350 XWB in its fleet, Vietnam Airlines will bring a new level of service to passengers while also benefiting from enhanced profitability and increased competitiveness in the long-haul premium sector. Airbus Vietnam is a key growth market in Asia and is expected to continue to record much higher-than-average growth in … [Read more...] about Vietnam Airlines becomes world’s second operator of Airbus A350 XWB
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Citibank, Vietnam Airlines unveil credit card deal
HCM CITY (Biz Hub) — Vietnam Airlines announced today a partnership with Citibank under which customers using the bank's cards can accrue miles.In September the US bank has issued a Visa credit card called Citi PremierMiles, and following the new deal, they can transfer the miles to Vietnam Airlines's frequent flyer programme, Lotusmiles.A slew of new initiatives are currently under discussion between the two companies, with the award of bonus miles for spending on Vietnam Airlines agreed and scheduled for launch in early 2016.Raul Paredes, Citibank Viet Nam's consumer business manager, said, "The partnership is expected to deliver significant value to affluent travelers who can benefit from Citi's extensive retail network and Vietnam Airlines' world-class aviation services."Vietnam Airlines flies on 94 routes to 21 domestic and 29 international destinations with more than 360 daily flights.It has a fleet of 86 aircraft comprising Boeing 787 Dreamlines, Airbus A350-900 XWB, … [Read more...] about Citibank, Vietnam Airlines unveil credit card deal
Vietnam Airlines to boost co-operation
Viet Nam News HÀ NỘI - Eighty-eight per cent of flights operated by national carrier Vietnam Airlines (VNA) and its members Jetstar Pacific Airlines and Việt Nam Air Service Company (VASCO) in the first two months of this year, including during the peak Tết (Lunar New Year) holiday period, were on time. The airlines said the figure, an increase of 10 per cent compared with the same period last year, was cause for celebration, as the airlines had to operate in overloaded infrastructure, especially at Tân Sân Nhất International Airport. VNA reported that its carriage of passenger was up 20 per cent during the period, a slight drop compared with last year's recorded growth of 34 per cent. VNA and VNA Group have pushed operations in key routes from Hà Nội, Hồ Chí Minh City and Đà Nẵng with a market share of between 64 and 67 per cent, and maintained its domestic route market share at 61 per cent. While the firm's costs remained stable over the first two months, the price of oil … [Read more...] about Vietnam Airlines to boost co-operation
Vietnam Airlines acquires Jetstar Pacific
HA NOI - Vietnam Airlines Corporation will co-operate with Australia's Qantas Group to develop Jetstar Pacific (JPA), the first low-cost airline in Viet Nam, according to an agreement announced in Ha Noi yesterday. Vietnam Airlines also reported that it has become a 70 per cent stakeholder in JPA while Australia's Qantas Group, the JPA's parent company, retains 27 per cent. As planned, Vietnam Airlines will sell the remaining three per cent to Qantas Airways. On the same day, JPA also held a meeting with its shareholders to reach agreement on strategic orientation and necessary measures to help it develop and become the top low-cost airline firm in the country. JPA will focus on exploiting domestic and international routes with high capacity. It is expected to receive initial capital of AUD25 million (US$26 million) to replace its current Boeing 737 fleet in favour of new Airbus A320 aircraft by the middle of this year and expand its fleet to 15 planes. General Director of … [Read more...] about Vietnam Airlines acquires Jetstar Pacific
PVFC and CUB to finance Vietnam Airlines
HA NOI - PetroVietnam Finance Corporation (PVFC) and Cathay United Bank (CUB) will loan US$7.225 million to Vietnam Airlines to develop operations, according to the carrier. Vietnam Airlines intends to purchase standby engines for Airbus 321, part of a 10-plane investment project. This is expected to help the firm take initiative in operating its flights, maintaining service quality and ensuring business stability. As planned, Vietnam Airlines will expand its squadron to 115 planes by 2015 and 170 by 2020, mainly with aircrafts of the following types: Boeing 777; Airbus A330, A321, A320, A350 XWB; and Boeing 787-9. These are technologically advanced, fuel efficient and eco-friendly. Last May, Vietnam Airlines received a loan of more than $7 million from the Ocean Bank to buy standby engines made by the International Aero Engine AG for Airbus 321. -- VNS … [Read more...] about PVFC and CUB to finance Vietnam Airlines