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Update news CAAV
The number of passengers traveling by air has increased rapidly and more air carriers have joined the market, but infrastructure conditions have not developed proportionally.
VietNamNet Bridge - Bamboo Airways, the newly established airline, faces a lack of qualified workers and weak infrastructure, according to experts.
If the flight operation process is changed and advanced technologies are used to improve organizational and management capability, the capacity of Tan Son Nhat Airport will improve, experts say.
In the latest report to the Ministry of Transport (MOT), the Civil Aviation Authority of Vietnam (CAAV) proposed two options for aviation security assurance at Van Don, the first privately operated airport of Vietnam.
VietNamNet Bridge - Aviation infrastructure still cannot catch up with the pace of the development of airlines.
If it opens direct air routes to the US by 2018 as planned, Vietnam Airlines may bear a loss of up to $50 million per annum.
VietNamNet Bridge - A number of official statements to establish new airlines in Vietnam have been issued recently by domestic and foreign investors.
VietNamNet Bridge - The news that Thai Aerospace Services has been chosen by Honda as the distributor of HondaJet in the SE Asian market has caught public attention.
VietNamNet Bridge - Everyone complains that airports are getting overloaded, but economists and businesspeople say this is a good sign that the national economy is robust.
VietNamNet Bridge - In December 2003, the Vietnam-US Bilateral Air Transport Agreement was signed, allowing air carriers to open direct air routes between the two countries.
Vietnam Airlines continues to be a traditional airline which provides full-service flights, but it will cooperate with Jetstar Pacific to exploit the lower-end market. Vietjet Air targets a hybrid model between traditional and low-cost airlines.
Vietnam Airlines, the nation’s flag air carrier, has decided to join hands with Jetstar Pacific to market cheap air tickets priced from VND11,000 to VND1 million for both domestic and international routes.
Analyst continue to draw comparisons between Vietnam Airlines, the nation’s flag air carrier, and the low cost carrier Vietjet Air, as both of them have listed shares on the stock market.
VietNamNet Bridge - The Vietnamese aviation sector has become more attractive as well as more challenging as many investors are expressing interest in the market.
VietNamNet Bridge - Vietjet Air has launched its IPO and plans to list its shares at the HCMC Stock Exchange (HOSE) on February 28. It is also considering issuing bonds in the international market.
Vietnam Airlines, the national flag air carrier, unexpectedly lost its Number 1 position in terms of domestic passenger transport during Tet to Vietjet Air. However, it remains a favorite air carrier thanks to high OTP (on-time performance).
In the first quarter of 2017, FAA will send staff to Vietnam to assess Civil Aviation Authority of Vietnam’s (CAAV) safety supervision capability in preparation for Vietnamese air carriers to open direct air routes to the US.
VietNamNet Bridge - Minister of Transport Truong Quang Nghia’s view that it is necessary to tighten control over flight licensing to pave the way for development of other modes of transport has raised controversy.
VietNamNet Bridge - Vietnam’s air carriers are trying to expand their fleets by purchasing new aircraft in large quantities, but poor infrastructure is hindering their work.
The sharp price increase of aviation companies’ shares is attributed to their good business performance and investors’ high expectations for Airports Corporation of Vietnam (ACV), Vietnam Airlines and Vietjet Air.