Vietnam airline business

Corporate Vietnam Airlines’ direct flights to the U.S. face difficulties By Lan Nhi Thursday,  Dec 12, 2019,15:10 (GMT+7) Vietnam Airlines’ direct flights to the U.S. face difficultiesBy Lan Nhi A Vietnam Airlines aircraft is seen gaining altitude. Vietnam Airlines is now the only air carrier in Vietnam that is eligible to operate direct flights to the United States, but it is facing insurmountable difficulties – PHOTO: VIETNAM AIRLINES HANOI – Vietnam Airlines is now the only air carrier in Vietnam that is eligible to operate direct flights to the United States after many years of preparation. However, the national flag carrier is facing insurmountable difficulties. Apart from winning the Category 1 rating, which means Vietnam’s civil aviation authority meets the International Civil Aviation Organization’s (ICAO’s) standards for personnel licensing, operations and airworthiness, … [Read more...] about Vietnam Airlines’ direct flights to the U.S. face difficulties

Vietnam is already negotiating with other countries and territories for assistance, said Dinh Viet Thang, director general of the Civil Aviation Authority of Vietnam (CAAV) at a conference on Wednesday. Taiwan and South Korea have agreed to grant Vietnamese airlines fifth freedom traffic rights, which would allow them to carry passengers and goods from their territory to a third country. The CAAV has been recognized by the U.S. as achieving a Category 1 rating, which means it meets the International Civil Aviation Organization’s standards for personnel licensing, operations and airworthiness. Technical capability is still an issue for Vietnamese carriers since to operate flights to the U.S. they would need long-haul aircraft. They would need to meet the ETOPS-180 standard for operating twin-engine aircraft across oceans, which requires them to fly for 180 minutes on just one engine. In the country, only Vietnam Airlines has achieved this standard. Carriers seeking to fly to the … [Read more...] about Vietnamese carriers flying to US will face fierce competition: aviation officials

International financiers may have no room to join Long Thanh International Airport project, with the lack of a government loan guarantee creating a major obstacle for would-be investor Airports Corporation of Vietnam to ensure bankability. The National Assembly (NA) has issued a resolution on a feasibility study for the first phase of the Long Thanh International Airport project, in which the government will offer no loan guarantee and the selected investor will instead have to manage the fund itself. The move is seen as a blow for interested lenders, often requiring such a government guarantee for initiatives of this magnitude. Vietnam has recently been working with Sweden on the possibility of mobilising a $1 billion loan from the Scandinavian country in order to invest in Long Thanh International, along with air traffic management. Like other groups, the Swedish Export Credit Corporation (SEK) is concerned about the possible risk without a government loan guarantee. Per … [Read more...] about Vietnam Airports Corporation facing risks in airport venture

Amid opinions that Vietnam’s aviation market has developed too rapidly, Mr. Dinh Viet Thang, head of the Civil Aviation Administration of Vietnam (CAAV), said that the aviation market has been posting good growth and under control with ensured safety and profits for carriers. The Vietnamese aviation market still reflects correctly rising demand of the economy and is in line with annual economic growth rate. However, representatives of state management agencies, experts and enterprises thought that although the development of Vietnam’s aviation market is still under control, rapid development has been causing intense pressure on infrastructure. If this issue is not solved soon, it will cause lots of consequences. Among the network of 22 airports, overloading situation mainly happens at two major airports Noi Bai and Tan Son Nhat, of which the situation is worse at Tan Son Nhat Airport. Mr. Lai Xuan Thanh, chairman of the Board of Management of the Airports Corporation of … [Read more...] about Congestion in aviation infrastructure needs resolving