Passenger flow at Hanoi airport surges as domestic tourism recovers
The domestic aviation market has gradually recovered in the past two months.
The domestic aviation market has gradually recovered in the past two months.
Vietnam Airlines will hold 98% stake in Jetstar Pacific after purchasing Qantas’ share.
The figure saw a sharp increase from the previous estimated loss of VND10 trillion (US$429.1 million) in early February and VND25 trillion (US$1.07 billion) in late February.
The Vietnamese aviation market has been recording double-digit growth in the last four years, but the growth rate is slowing.
Over the past few years, Vietnam’s aviation market has been sustaining a two-digit growth rate, while the introduction of new airlines has also put high quality personnel in the industry on high demand.
Vingroup’s investment in the aviation industry could lead to a surplus in supply, while the group needs to focus its resources on the industrial and technology businesses.