Vietnam Airlines retakes Jetstar Pacific from Qantas
Vietnam Airlines will hold 98% stake in Jetstar Pacific after purchasing Qantas’ share.
Vietnam Airlines will hold 98% stake in Jetstar Pacific after purchasing Qantas’ share.
The aviation authority has proposed allowing carriers to increase flight frequency between Hanoi and Ho Chi Minh City, and resume air connection from these two cities to other domestic destinations.
Northeast Asian markets such as China, Japan, Taiwan and South Korea make up a significant source of revenue for Vietnamese airlines.
As of present, four Vietnamese airlines are operating 14 flight routes to South Korean’s major cities.
Suspension of flights between Vietnam and China leads to potential losses of 400,000 passengers per month and VND10 trillion (US$430 million) in revenue for Vietnamese airlines.
Before the nCoV outbreak, three Vietnamese airlines namely Vietnam Airlines, Jetstar Pacific and VietJet operated 87 regular and charter flight routes to 54 destinations in China with a total of 401 flights per week.
Customers already booked a seat on those routes can get refunded or change to earlier flights free of charge, Vietnam Airlines informed.