private airlines ask for zero interest loans

Private airlines ask for zero-interest loans

Private airlines have requested access to 0 percent interest loans, similar to the support Vietnam Airlines (VNA) - the country's flag carrier - is entitled to, heard a meeting among the State Bank of Vietnam (SBV), commercial banks and the airlines.
bamboo airways to purchase usd billion ge aircraft engines under witness of president

Bamboo Airways to purchase USD billion GE aircraft engines under witness of president

Bamboo Airways has signed an agreement to purchase GEnx engines for its Boeing 787-9 aircraft order of 10 firm and 20 options valued at close to $2 billion list price with GE Aviation (an operating unit of General Electric Company) of the US.
proposal to allow boeing 737 max aircraft to fly to and from vietnam

Proposal to allow Boeing 737 Max aircraft to fly to and from Vietnam

The proposal of the Civil Aviation Authority of Vietnam to allow Boeing 737 Max aircraft to fly to and from Vietnam would be the first step for these planes to join the fleets of Vietnamese airlines.
hoops still to jump through for pandemic travel passes

Hoops still to jump through for pandemic travel passes

The path for Vietnamese airlines to reopen for the international market remains narrowed because of the absence of a global standard for travel passes.
creating credit mechanism essential for banks to support the aviation industry

Creating credit mechanism essential for banks to support the aviation industry

The government has directed the State Bank of Vietnam to set forth a credit support scheme within this month to help local air carriers bolster liquidity.
scic to hold 3108 per cent of charter capital of vietnam airlines

SCIC to hold 31.08 per cent of charter capital of Vietnam Airlines

State Capital Investment Corporation bought Vietnam Airlines (HSX: HVN) shares to hold at least 31.08 per cent of the charter capital to help the company overcome its difficulties amid the COVID-19 pandemic.
proposal tabled to resume stage based normal aviation transport in local routes

Proposal tabled to resume stage-based normal aviation transport in local routes

The Civil Aviation Administration of Vietnam has just submitted a proposal to the Ministry of Transport seeking approval for a plan on resuming conventional aviation transport in pandemic times.
caav proposes higher floor price for local flights

CAAV proposes higher floor price for local flights

The Civil Aviation Administration of Vietnam has submitted a draft circular on the price of air tickets for local passenger transportation.
germany offers 180000 covid 19 test kits to vietnam

Germany offers 180,000 COVID-19 test kits to Vietnam

A Vietnam Airlines flight carrying 180,000 rapid COVID-19 test kits worth 615,000 EUR (730,290 USD) donated by Germany to Vietnam left Frankfurt airport on September 3 and is scheduled to land in Cam Ranh International Airport, south central province of Khanh Hoa, on September 4 before being handed over to Pasteur Institute in Nha Trang.
vietnam airlines jsc would like to invite mros to join the bidding

Vietnam Airlines JSC would like to invite MROs to join the bidding

Vietnam Airlines JSC would like to invite maintenance, repair, and overhaul service providers (MROs) to join the bidding for repair and overhaul of GEnx engines for its Aercap B787-9 fleet during 2021-2023.
vietnamese tourism strives to reopen for business

Vietnamese tourism strives to reopen for business

The plan to receive vaccinated international tourists to Phu Quoc Island in October is facing serious challenges as the Delta variant of the coronavirus causes much of the country to implement social distancing, and airlines are forced to ditch flights.
authorities clamour for travel passes

Authorities clamour for travel passes

While a special travel pass and financial bailouts are expected to help airlines in Vietnam come back from the brink, questions over their feasibility remain.
making the right choices to save vietnam airlines

Making the right choices to save Vietnam Airlines

Is bankruptcy really in the offing for Vietnam Airlines? Airlines in general in Vietnam had a poor 2020. Vietnam Airlines itself operated over 96,000 flights in 2020, down about 50 per cent on-year both for passengers and cargo. The airline’s revenues in 2020 fell by 59 per cent on-year to about $1.75 billion, and it lost about $500 million last year.
vietnam airlines targets over 16 bln usd in revenue this year

Vietnam Airlines targets over 1.6 bln USD in revenue this year

Facing the complicated COVID-19 situation, Vietnam Airlines said it has built a feasible business plan with a view to earning 37.364 trillion VND (over 1.6 billion USD) in consolidated revenue this year, equivalent to 88.4 percent of the 2020 figure.
a global blueprint in saving airlines

A global blueprint in saving airlines

The national flag carrier Vietnam Airlines is expected to be saved as the government’s bailout package is being disbursed. However, some concerns remain. Vaibhav Saxena, CEO of NV Global Group, with consulting being one of the business lines, analyses the possibilities of the airline’s recovery and lessons from regional countries.