The Vietnam Airlines Corporation reviewed the activities of the year and deploy implementing the set target for the year 2005. The Vietnam Aviation Corporation recorded a turnover of USD 1.1 billion in 2004 despite fierce competition with foreign carriers, epidemic outbreaks, soaring oil prices, and high plane rent. The corporation boasted surpassing its annual development plan by 13%, maintaining strict security, saving VND 60 billion and contributing VND 404 billion to the State budget. In its development plan for 2005, the corporation aims to raise its growth rate of between 16% and 18%, sharpen competitiveness, develop human resources and enhance training quality. BTA (According to Quan doi Nhan dan) … [Read more...] about Vietnam Airlines: Revenue surpassed USD 1 billion
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Vietnam Airlines to open new domestic route
Domestic Press Highlights (25-06-2009) Vietnam Airlines to open new domestic route Vietnam Airlines will launch a new domestic air link between HCM City and Dong Hoi airport in the central province of Quang Binh with three flights a week beginning on July 1. The route, served by Fokker 70 aircraft, will depart Dong Hoi at 8.30am and HCM City at 11.10am every Monday, Wednesday and Friday. The flight takes 90 minutes. Fares will be VND900,000-1.7 million (US$50.5-$95.5) each way. To promote the route, the company will offer reduced one-way fares of VND705,000 ($39.60) for flights from July 1-17. Nhan Dan (The People) Ba Ha hydroelectric plant begins operation The first turbine of the Ba Ha River Hydroelectric Plant in the central province of Phu Yen has been put into operation. The second turbine is scheduled to generate electricity in September this year. The VND4.2 trillion (US$236 million) plant construction, which began in April 2004, was designed to have two turbines, with a total … [Read more...] about Vietnam Airlines to open new domestic route
Boeing aircrafts keep Vietnam Airlines flying
Hanoi Times - Michael J. Fleming, the international sales director of the US aircraft manufacturer Boeing, spoke to Vietnam News about its expansion plans in Vietnam. About the Boeing's plans for Vietnam, he said:" Vietnam is an increasingly important aviation market and a future supplier. Boeing's long-range airplanes provide the greatest efficiency, reliability and passenger comfort in meeting the international service requirements of Vietnam Airlines and its passengers. Vietnam Airlines has a 10-airplane 777 fleet and has four 787s on order." Answering a question on Boeing's airplane selling business, especially in Asia and Vietnam, he said:"Boeing is working with Vietnam Airlines through facilitating international travel by Vietnamese citizens and by bringing people of all countries to Vietnam. Boeing is proud to have been selected to provide the airline's long-haul fleet and will work with Vietnam Airlines to earn the right to continue this relationship. Additionally, … [Read more...] about Boeing aircrafts keep Vietnam Airlines flying
Vietnam Airlines to market 20% of shares
Hanoi Times - As scheduled, Vietnam Airlines is planning to sell 10%-20% of its shares to foreign strategic investors. Currently, Vietnam Airlines is implementing the processes of equitization including taking consultancy, inventorying and classifying assets, auditing and reporting financial status, classifying labor, reviewing management and land use. Besides, the airline is going to submit its scheme on financial consultancy to the Prime Minister. Over the last few years, Vietnam Airlines has been reaching high growth in the number of passengers and turnover. In 2007, more than eight million people used Vietnam Airlines service, pushing the total turnover of the airlines to VND 20,300 billion, up by 15.5% against that in 2006. In 2008, Vietnam Airlines set the goal of carrying nine million of passengers, maintaining its growth rate of over 14%. - … [Read more...] about Vietnam Airlines to market 20% of shares
Vietnam Airlines to Acquire 10 A350 XWB And 20 Additional A321 Aircraft
Vietnam Airlines has signed a Memorandum of Understanding (MOU) for 10 A350-900 XWBs, as well as for 20 additional A321s. With this further commitment for Airbus aircraft, Vietnam Airlines becomes a strategic customer for the A350 XWB programme. Furthermore, with this commitment for the A350 and for additional A321s, Vietnam Airlines will become one of the largest Airbus operators in Asia. Vietnam Airlines currently operates a fleet of 23 Airbus aircraft, including 10 A320s, 10 A321s and three A330s (two -200s and one -300). Five previously ordered A321s are still to be delivered. "We thoroughly reviewed the A350 XWB programme, and we are very confident that this aircraft will set new standards of passenger comfort, operating economics and low emissions in our growing long-haul markets. The size of the A350-900 XWB responds very well to our expected traffic growth over the next decade," said Mr Nguyen Sy Hung, Chairman and CEO of Vietnam Airlines. "Our A330s already provide us with an … [Read more...] about Vietnam Airlines to Acquire 10 A350 XWB And 20 Additional A321 Aircraft