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Carriers struggle to ease aircraft shortage

Carriers struggle to ease aircraft shortage

Vietnamese airlines have been taking various measures in the face of a fleet contraction triggered by the manufacturer’s engine recall, including adding and replacing aircraft.
CEO's 'ambitious' target: Bamboo Airways to break even in 2025

CEO's 'ambitious' target: Bamboo Airways to break even in 2025

Bamboo Airways hopes to break even in 2025 and become profitable in the following years, CEO Luong Hoai Nam has said.
July 17, 2024 | 11:14 pm PT
Vietnamese airlines told to rent planes amid global shortage

Vietnamese airlines told to rent planes amid global shortage

The Civil Aviation Authority of Vietnam (CAAV) has requested airlines to rent planes to replace those that were suspended after being recalled due to malfunctioned engines.
July 1, 2024 | 02:09 am PT
Aviation policy panned as not conducive to attracting foreign investment

Aviation policy panned as not conducive to attracting foreign investment

The aviation market only has domestic players after the low foreign ownership cap and high risk of losses have caused foreign players to exit over the years, analysts said.
June 20, 2024 | 08:37 pm PT
High aircraft lease prices make carriers reluctant to expand: Bamboo Airways CEO

High aircraft lease prices make carriers reluctant to expand: Bamboo Airways CEO

Rising jet leasing prices make Vietnamese airlines reluctant to expand their fleets since they fear their losses might then increase, Bamboo Airways CEO Luong Hoai Nam said.
June 13, 2024 | 03:02 pm PT
Vietnam issues search warrant for former Bamboo Airways chairman amid criminal allegations

Vietnam issues search warrant for former Bamboo Airways chairman amid criminal allegations

The Ministry of Public Security is searching for Dang Tat Thang, former chairman of property giant FLC and Bamboo Airways, to verify a Sacombank's report about signs of him committing crimes.
May 23, 2024 | 07:06 am PT
Why airfares won't drop anytime soon

Why airfares won't drop anytime soon

Bringing down fares now is nearly impossible for Vietnamese carriers as a shortage of jets poses operational headaches and post-Covid difficulties still linger, industry insiders have said.
May 19, 2024 | 03:19 pm PT
Night flight discounts cool down summer airfares

Night flight discounts cool down summer airfares

The average domestic airfare during the peak summer season between June and August has decreased with carriers rolling out discounts on night flights on popular routes.
May 16, 2024 | 08:32 pm PT
Why do airfares surge?

Why do airfares surge?

Airfares in Vietnam have risen in double-digits year-on-year, driven by a shortage of aircraft.
May 9, 2024 | 11:00 pm PT
High fares boost airlines' revenues, profits in Q1

High fares boost airlines' revenues, profits in Q1

Airlines’ revenues increased sharply in the first quarter of this year mainly due to high fares, with some even making profits for the first time since the Covid-19 outbreak.
May 7, 2024 | 08:54 pm PT
Sacombank assures no loss on $141M loan to Bamboo Airways

Sacombank assures no loss on $141M loan to Bamboo Airways

Sacombank has assured that it will not lose the VND3.58 trillion (US$141 million) it has lent to Bamboo Airways, citing that the loans are secured by high-value assets.
April 26, 2024 | 09:20 pm PT
Airlines race to lease jets amid global shortage

Airlines race to lease jets amid global shortage

Vietnamese airlines are racing to lease aircraft as the peak travel season approaches but they are concerned of a shortage in supply and high prices.
April 5, 2024 | 12:45 am PT
Domestic airfares begin cooling down

Domestic airfares begin cooling down

North-south airfares, including on the Hanoi-HCMC route, have halved from a week ago.
March 10, 2024 | 11:01 pm PT
Why domestic air services are contracting and fares are rising?

Why domestic air services are contracting and fares are rising?

Aircraft shortages, rising costs and airlines’ shift towards international travel means the number of flights between the north and south has declined and airfares have shot up.
March 4, 2024 | 12:44 am PT
Bamboo Airways to suspend flights to Con Dao island

Bamboo Airways to suspend flights to Con Dao island

Bamboo Airways is set to suspend flights from Hanoi and Ho Chi Minh City to travel hotspot Con Dao Archipelago in southern Vietnam starting from April.
February 23, 2024 | 05:18 am PT
Several air routes fully occupied despite new jet leases

Several air routes fully occupied despite new jet leases

Vietnamese airlines leased 12 aircraft last month to meet high travel demand during the upcoming Lunar New Year holiday, but many routes are still sold out.
February 1, 2024 | 03:00 pm PT
Vietnam Airlines to employ Bamboo Airways’ excess staff

Vietnam Airlines to employ Bamboo Airways’ excess staff

Vietnam Airlines is planning to employ pilots and flight attendants terminated during downsizings at other airlines, including Bamboo Airways, said Le Hong Ha, CEO of the national flag carrier.
December 30, 2023 | 03:00 am PT
Deputy PM tells ministries to help resolve Bamboo Airways' woes

Deputy PM tells ministries to help resolve Bamboo Airways' woes

Deputy Prime Minister Le Minh Khai has instructed government agencies to help Bamboo Airways resolve its difficulties by year-end.
December 24, 2023 | 07:41 pm PT
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