"Vietnam Airlines will go public in the first quarter of next year," its chief executive, Duong Tri Thanh, told the Financial Times. "We are making our target the first quarter of next year, and I think it is feasible." But he admitted the final decision rests with the government. The carrier’s shares are traded on Hanoi’s Unlisted Public Company Market (UPCoM) and it has a market capitalization of more than $2 billion. The government currently owns around 86 percent of Vietnam Airlines, but has said it wants to reduce this to 51 percent by 2020. The country’s largest airline by passengers carried now faces rising competition from budget carrier VietJet Aviation and others. Last month Vietjet became the second most valuable airline in Southeast Asia by market cap behind only Singapore Airlines. With the domestic market showing signs of saturation, Vietnam Airlines seeks to expand overseas. In October it started a daily service from central Da Nang City to Osaka … [Read more...] about Vietnam Airlines eyes stock market listing in 2019
Vietnam airlines singapore to hanoi
Vietnam Airlines launches largest promotional program
Vietnam Airlines has officially launched its largest promotional program, with the theme “The Gold Autumn 2018”, from August 15 until the end of the year. At a price of only VND299,000 ($13) one-way, passengers from Hanoi can begin their journey to Chu Lai Airport in central Quang Nam province while those from Da Nang can explore northern Hai Phong city. For the same price, passengers from Ho Chi Minh City will have the opportunity to visit Buon Ma Thuot, Da Lat, Nha Trang, and Phu Quoc Island. Other discounted rates for one-way domestic flights are VND399,000 ($17), VND499,000 ($21.5) and VND799,000 ($34). International tickets are selling for only VND210,000 ($9) for a return journey from Hanoi to Yangon in Myanmar. Passengers can go to Laos, Cambodia or Northeast Asia and return from just VND1.159 million ($50). Destinations in Southeast Asia such as Bangkok and Singapore are priced from VND689,000 ($29) to VND2.329 million ($101). Tickets on long routes from … [Read more...] about Vietnam Airlines launches largest promotional program
Vietnam Airlines slips three places in world rankings
By Nguyen Quy  July 27, 2018 | 08:53 am GMT+7 Passengers wait to check in at Noi Bai International Airport in Hanoi. Photo by Reuters/Kham National carrier Vietnam Airlines is the nation’s sole presence in the top 100 carriers list, but it has slipped to the 50th position. Skytrax, a U.K.–based airport and airline rating organization, released these figures as it announced winners at the 2018 Skytrax World Airline Awards. It bills these awards as “the Oscars of the aviation industry.” The top carriers list is based on reviews by more than 24 million passengers from over 100 countries. Vietnam Airlines is 50th on the list, down three spots from last year while Singapore Airlines continued to remain on top, followed by Qatar Airways and ANA All Nippon Airways. Making it to the top 10 are other world-famous airlines like Emirates, EVA Air, Cathay Pacific, Garuda Indonesia, Hainan Airlines, Thai Airways. Vietnam Airlines, the fourth … [Read more...] about Vietnam Airlines slips three places in world rankings
Vietnam Airlines, ST Aerospace set up aircraft maintenance firm
Vietnam Airlines and Singapore Technologies Aerospace Ltd (ST Aerospace) signed a memorandum of understanding (MOU) on April 26 to establish a joint venture for aircraft maintenance. Representatives of ST Aerospace and Vietnam Airlines at the Vietnam-Singapore Business Forum in Singapore. (Source: channelnewsasia.com) Taking place at the Vietnam-Singapore Business Forum in Singapore, the signing of the MOU was witnessed by Vietnamese Prime Minister Nguyen Xuan Phuc, who is on the second day of his official visit to the country. The joint venture is earmarked to be headquartered at the Noi Bai International Airport in Hanoi and to provide Vietnam Airlines and other airlines across the region with ST Aerospace’s Maintenance, Repair and Overhaul (MRO) solutions, with an average capacity of 17,500 aviation machines a year. The partnership will enable Vietnam Airlines to save time and costs as its planes’ maintenance and repairs will be done in Vietnam instead of … [Read more...] about Vietnam Airlines, ST Aerospace set up aircraft maintenance firm
Vietnam Airlines named among TripAdvisor list of best Asian airlines
Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam Airlines has been selected as one of the global TripAdvisor community's favourite airlines along with other 4- and 5-star airlines of Asia such as Singapore Airlines, Japan Airlines, Cathay Pacific, and EVA Air. The world’s biggest travel website announced the list of its Travelers’ Choice Major Airlines – Asia 2018 on April 9, which is an annual prestigious award that TripAdvisor set up basing on the quantity and quality of passengers’ reviews and ratings for airlines worldwide in 12 months. The traveler community on TripAdvisor evaluated airlines basing on eight criteria, namely customer service, seat comfort, legroom, cleanliness, food and drink, flight procedures, entertainment, and value matching cost. “Great service, comfortable lie flat beds. Good food with great choices, clean toilet. Smoothest landing ever! We also flew with them from Yangon to Hanoi and back to Paris, same … [Read more...] about Vietnam Airlines named among TripAdvisor list of best Asian airlines