National carrier Vietnam Airlines safely delivered more than 3.83 million passengers in the first half of this year, a year-on-year increase of 16.5 percent.
The figure includes 2.22 million domestic passengers, a rise of 23.9 percent over the same period last year, and 1.6 million international passengers, a year-on-year increase of 6.9 percent.
The airlines also carried over 53,385 tonnes of cargo, fulfilling 44.7 percent of its set targets and operated 31,140 safe flights.
During the six-month period, Vietnam Airlines posted estimated revenues of 9.38 trillion VND (586.3 million USD). Its contribution to the State budget was close to 120 billion VND (7.5 million USD).
Source: VNA
Showing posts with label Vietnam Airlines. Show all posts
Showing posts with label Vietnam Airlines. Show all posts
Wednesday, July 11, 2007
Vietindebank plans to buy 4 Boeing 787s
Vietnam's state-run Vietindebank said on Wednesday it planned to purchase four Boeing 787 planes to lease to domestic airlines.
"We have applied for permission from the government to establish a company to lease planes," a spokesman for the Hanoi-based bank said.
He said the company would be fully operational by 2015.
The country's flag carrier Vietnam Airlines has placed an order for four Boeing 787 planes with the first delivery scheduled next year.
The bank, Vietnam's second-largest bank by assets, said on Wednesday it planned to issue shares to the public for the first time in the last quarter of this year.
Vietindebank, which has hired U.S. investment bank Morgan Stanley as an adviser on its initial public offering, said it planned to list overseas after its domestic listing, but declined to give further details.
Source: Reuters
"We have applied for permission from the government to establish a company to lease planes," a spokesman for the Hanoi-based bank said.
He said the company would be fully operational by 2015.
The country's flag carrier Vietnam Airlines has placed an order for four Boeing 787 planes with the first delivery scheduled next year.
The bank, Vietnam's second-largest bank by assets, said on Wednesday it planned to issue shares to the public for the first time in the last quarter of this year.
Vietindebank, which has hired U.S. investment bank Morgan Stanley as an adviser on its initial public offering, said it planned to list overseas after its domestic listing, but declined to give further details.
Source: Reuters
Friday, May 18, 2007
PetroVietnam and Vietnam Airlines sign new deal
The Viet Nam National Oil and Gas Group (PetroVietnam) and the Vietnam Airlines Corporation (Vietnam Airlines) came to terms on a strategic investment cooperation agreement, on May 18.
Under the deal, the two companies will jointly invest in projects in the fields of transport infrastructure, banking, terminals, airports, trade centres, buildings and entertainment complexes.
PetroVietnam and Vietnam Airlines would also look into purchasing shares or contributing capital to become shareholders of their respective subsidiary companies.
The first order of business for the two State owned firms is to ask government departments for permission to coordinate with the Ministry of Defence to establish a personal taxi aviation service company.
The two sides also plan to look at producing and selling Jet A1 gasoline that is used for planes in the aviation industry.
Source: VNA
Under the deal, the two companies will jointly invest in projects in the fields of transport infrastructure, banking, terminals, airports, trade centres, buildings and entertainment complexes.
PetroVietnam and Vietnam Airlines would also look into purchasing shares or contributing capital to become shareholders of their respective subsidiary companies.
The first order of business for the two State owned firms is to ask government departments for permission to coordinate with the Ministry of Defence to establish a personal taxi aviation service company.
The two sides also plan to look at producing and selling Jet A1 gasoline that is used for planes in the aviation industry.
Source: VNA
Thursday, January 04, 2007
Vietnam Airlines profit lower than expected
Vietnam Airlines reported below-target profits for 2006 Wednesday despite increased flights, passenger numbers and turnover, partly blaming higher fuel costs for it.
Turnover was 17.5 trillion VND (nearly 1.1bio US$), 5% higher than expected and up 12.4 percent year-on-year.
But profits were only 304.5 billion VND (19mio US$), or 8% below the target. The statement did not indicate year-on-year change in profit.
"The price of oil was 18.25 percent higher than expected, leading to an increase of 767 billion VND in fuel costs."Higher aircraft leasing costs, fierce competition from international airlines, bad weather, bird flu risks, and security concerns were also factors.
Vietnam Airlines transports nearly 7mio passengers
Vietnam Airlines has transported over 6.8 million passengers in 2006, nearly 1 million more than the previous year, and 106,600 tonnes of cargo.
The airlines recorded a seat occupancy rate of 71.9%.
Last year, Vietnam Airlines signed a contract with American Airlines to conduct flights to the US and opened a direct route between Ha Noi and Luong Prabang in Laos. It plans to open a non-stop route to the US by the end of 2007.
Source: VNA
The airlines recorded a seat occupancy rate of 71.9%.
Last year, Vietnam Airlines signed a contract with American Airlines to conduct flights to the US and opened a direct route between Ha Noi and Luong Prabang in Laos. It plans to open a non-stop route to the US by the end of 2007.
Source: VNA
Tuesday, January 02, 2007
Vietnam Airlines' IPO this year
National carrier Viet Nam Airlines will be equitised by next year according to a Prime Minister's decision.
Viet Nam Airlines has a registered capital of 5.74 trillion VND (358.8mio US$) and runs 18 other units, three affiliates, nine joint-stock concerns, and four joint ventures.
Source: VNA
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