Jetstar Pacific invests in aircraft fleet expansion By Binh Nguyen - The Saigon Times Daily HCMC - Jetstar Pacific said on Thursday its shareholders have passed an initial investment injection of US$25 million into its fleet development in a move to strengthen this loss-making low-cost carrier. The new investment, including A$7.5 million from the Jetstar Pacific shareholder Qantas Group, will also go to Jetstar Pacific’s fleet renewal, with its current Boeing 737-400s replaced with new Airbus 320s from the middle of this year. The shareholders support the airline’s fleet to grow to 15 Airbus 320s configured with 180 seats within the next few years. Jetstar Pacific now operates seven Boeing 737-400s and Airbus 320s for 250 weekly flights on domestic air routes linking HCMC, Hanoi, Danang, Vinh and Haiphong. In the years to come, the airline will focus on busy routes as well as perform international services. Jetstar Pacific will continue to follow a low-cost airline model … [Read more...] about Jetstar Pacific invests in aircraft fleet expansion
Jetstar pacific
Vietnam Airlines, Qantas in deal to develop Jetstar Pacific
Vietnam Airlines Corp. has clinched a deal with Australia’s Qantas Group to turn the loss-making Jetstar Pacific Airlines into a strong carrier with domestic and international services. The partnership was announced on Tuesday when Vietnam Airlines officially took over a 69.93% stake at Jetstar Pacific from State Capital Investment Corp. (SCIC) as approved by the Prime Minister in January this year. SCIC also signed an agreement on the same day in Hanoi to transfer the majority state stake that it had been holding at the Vietnamese low-cost carrier to Vietnam Airlines. The transfer made Vietnam Airlines the largest shareholder of Jetstar Pacific, followed by Qantas Group with 27%. The corporation will sell a further 3% stake to Qantas to bring the ownership of this Australian group at Jetstar Pacific to 30% in line with a deal that SCIC and the foreign partner struck in Hanoi in April 2007. Jetstar Pacific organized an extraordinary meeting for shareholders in Hanoi on Tuesday … [Read more...] about Vietnam Airlines, Qantas in deal to develop Jetstar Pacific
Jetstar Pacific seen as carrier of cheapest flights
Jetstar Pacific seen as carrier of cheapest flights By Mong Binh - The Saigon Times Daily Passengers board a Jetstar Pacific plane at Tan Son Nhat International Airport. This carrier has been announced as the world’s operator of cheapest short-haul flights - Photo: Mong Binh HCMC - Vietnam’s low-cost Jetstar Pacific Airlines has been named as operator of the cheapest short-haul flights in the world, according to a study of Spain-headquartered e-commerce travel company eDreams. The second largest airline of Vietnam after Vietnam Airlines ranked first in terms of average ticket price in the study in 2011, followed by Monarch Airlines of the United Kingdom and Blue Air of Romania. “Congratulations to Vietnamese airline Jetstar Pacific (BL) who offers the cheapest flights worldwide. UK contender Monarch (ZB) came in second and Romania’s Blue Air in third,” eDreams says on www.edreams.com/flights/cheap-flights. The company says results from its study for … [Read more...] about Jetstar Pacific seen as carrier of cheapest flights
70 percent of Jetstar Pacific stakes may fall into the hands of Vietnam Airlines
Vietnam Airlines would take over the 70 percent of Jetstar Pacific’s shares from the State Capital Investment Corporation (SCIC). With the stake transfer deal, Vietnam Airlines would hold up to 90 percent of the domestic aviation market. Saigon Tiep thi has quoted its sources as saying that the national flag air carrier-- Vietnam Airlines would have 70 percent of the stakes of the budget airline Jetstar Pacific, which would be transferred to it by SCIC. SCIC, well known as a state owned powerful general corporation which specializes in using the state’s money to invest in businesses, is now the biggest shareholder of Jetstar Pacific. Therefore, once taking over the 70 percent of stakes from SCIC, Vietnam Airlines will hold the controlling stakes of the budget airline. Established in 2004, Pacific Airlines, the initial name of Jetstar Pacific, was founded by Saigontourist, a travel firm, while Vietnam Airlines was a shareholder holding up to 86 percent of stakes. … [Read more...] about 70 percent of Jetstar Pacific stakes may fall into the hands of Vietnam Airlines
Jetstar Pacific suspends Hanoi-Nha Trang service
Jetstar Pacific suspends Hanoi-Nha Trang serviceBy Mong Binh - The Saigon Times DailyThe local low-cost carrier confirmed suspension of the flights between Noi Bai Airport and Cam Ranh Airport that it began in late May this year, attributing to low seating occupancy after the National Day holiday from September 2 to 4.According to airlines and travel firms, demand for air demand increased dramatically for the flights from Hanoi to Danang, Nha Trang, Hue, Phu Quoc and Con Dao, and vice versa last summer when tourists flocked to seaside sites for their vacations.Daily flights with high factor enabled Jetstar Pacific to register a year-on-year rise of 14% to around 1.3 million passengers in the first seven months of this year. In this period, the second biggest carrier operated more than 8,100 domestic flights. Jetstar Pacific said the Hanoi-Nha Trang service suspension had not impacted on passengers and travel companies as they were informed in advance of its plan to operate … [Read more...] about Jetstar Pacific suspends Hanoi-Nha Trang service