Vietnam Airlines Gaining Altitude in Global Market

Having exceeded its business targets in 2017, Vietnam Airlines has recorded strong growth in terms of both revenue and profits. Along with its member airlines including Jetstar Pacific and VASCO, Vietnam Airlines flew around 180,000 flights in 2017 and transported 26.5 million customers. This represented an impressive increase of 6.7% compared to the previous year.

Explaining its strong performance, Vietnam Airlines said it had been led by “its direction for development of modern aircraft, extensive flight networks, continuous improvement of services, strengthening of bilateral and multilateral cooperation, and trading promotion.” Also of note, the carrier exceeded its On-Time Performance (OTP) target, bringing it into line with the world’s leading airlines.

2017 was also a significant year in terms of fleet development, with the addition of four Airbus A350-900 XWBs and one Boeing 787-9 Dreamliner. In addition, 2017 saw Vietnam Airlines sign a $1.5bn agreement with US aerospace manufacturer Pratt & Whitney, with a selection of aircraft engines and support services for 20 Airbus A321NEO aircraft included in the deal.

Duong Tri Thanh, President and CEO of Vietnam Airlines, said: “I believe the agreement between Vietnam Airlines and Pratt & Whitney will further reinforce the important economic, trade and investment partnership between Vietnam and the United States”.

Hall 26c / Stand 313