Econ
Vietjet Air’s CEO named in Bloomberg 50
The CEO expected Vietjet Air to take on regional giants such as Indonesia’s Lion Air and Malaysia’s AirAsia Group Bhd.
Chairman of Sovico Holdings and CEO of budget carrier Vietjet Air Nguyen Thi Phuong Thao has been named in the annual Bloomberg 50, highlighting those who changed the game in global business in 2018.
Vietjet Air forecasts that the number of passengers it serves this year will soar 40% to 24 million, as it begins tapping into Vietnam’s growing middle class by aggressively expanding overseas routes.
According to Bloomberg, Thao wants to take on regional giants such as Indonesia’s Lion Air and Malaysia’s AirAsia Group Bhd.
VietJet’s scheduled inter-national capacity is expected to grow as much as 70% in 2018, according to the CAPA Centre for Aviation, and the airline has become one of Asia’s largest customers of Boeing Co.’s 737 Max, doubling an order it announced two years ago during a visit to Vietnam by then- US President Barack Obama.
The expansion further upends an aviation market long dominated by state-owned national carrier Vietnam Airlines, as VietJet offers millions of Vietnamese customers who have never seen the inside of an airplane the chance to buy a cheap ticket.
Vietnam currently has five airlines, including national carrier Vietnam Airlines, budget operator Jetstar Pacific Airlines (partly owned by Vietnam Airlines), budget carrier Vietjet Aviation, Vietnam Air Services (VASCO) and the startup carrier Bamboo Airways.
The Bloomberg 50 this year included Fed’s chairman Jerome Powell, Microsoft’s CFO Amy Hood, Go-Jek’s CEo Nadiem Makarim, CEO of Royal Dutch Shell Ben van Beurden, and Chrystia Feeland, Canadian minister of foreign affairs, among others.
Thao previously was honored in the annual list of the world’s 100 most powerful women recently released by US Forbes magazine. Notably, Thao is the only representative of Vietnam honored in the list, ranking 44th, up 11 places compared to the last year with net worth of US$2.6 billion.
Chairman of Sovico Holdings and CEO of budget carrier Vietjet Air Nguyen Thi Phuong Thao.
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According to Bloomberg, Thao wants to take on regional giants such as Indonesia’s Lion Air and Malaysia’s AirAsia Group Bhd.
VietJet’s scheduled inter-national capacity is expected to grow as much as 70% in 2018, according to the CAPA Centre for Aviation, and the airline has become one of Asia’s largest customers of Boeing Co.’s 737 Max, doubling an order it announced two years ago during a visit to Vietnam by then- US President Barack Obama.
The expansion further upends an aviation market long dominated by state-owned national carrier Vietnam Airlines, as VietJet offers millions of Vietnamese customers who have never seen the inside of an airplane the chance to buy a cheap ticket.
Vietnam currently has five airlines, including national carrier Vietnam Airlines, budget operator Jetstar Pacific Airlines (partly owned by Vietnam Airlines), budget carrier Vietjet Aviation, Vietnam Air Services (VASCO) and the startup carrier Bamboo Airways.
The Bloomberg 50 this year included Fed’s chairman Jerome Powell, Microsoft’s CFO Amy Hood, Go-Jek’s CEo Nadiem Makarim, CEO of Royal Dutch Shell Ben van Beurden, and Chrystia Feeland, Canadian minister of foreign affairs, among others.
Thao previously was honored in the annual list of the world’s 100 most powerful women recently released by US Forbes magazine. Notably, Thao is the only representative of Vietnam honored in the list, ranking 44th, up 11 places compared to the last year with net worth of US$2.6 billion.
