Vietnamese Tiếng Việt | Monday, May 21, 2018 | Advertise with Us
   
Text Size

Vietnam Airlines flourishes with ANA Holdings partnership

Share
(0 votes, average 0 out of 5)

Vietnam's flag carrier Vietnam Airlines has produced impressive business results following its strategic co-operation with Japanese airline group ANA Holdings.

Vietnam Airlines flourishes with ANA Holdings partnership, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Pham Ngoc Minh, chairman of Vietnam Airlines, told last week’s Nikkei-led forum on Vietnam’s growth outlook in Hanoi, “I am glad to announce that choosing ANA Holdings as a strategic partner was one of the most important decisions in the development of Vietnam Airlines.”

“After transforming into a joint stock company, Vietnam Airlines’ business activities have achieved satisfactory results in all fields,” Minh stressed.

Specifically, Vietnam Airlines has successfully put two new-generation aircrafts (Boeing 787-9 and Airbus A350) into operation. The airline's services has been qualified at four stars, while in the year’s first nine months, pre-tax profit exceeded 74% of the initial target.

The firm’s chartered capital has reached VND12.275 trillion (US$558 million), up 16% against the time before the firm launched its IPO.

“This has helped Vietnam Airlines to increase its financial capability and achieve reasonable financial balance to maintain its high growth rate in the next period of development,” Minh said.

The strategic partnership with ANA Holdings begun in July 2016 when the Japanese company successfully acquired an 8.77% stake in the Vietnamese carrier, became its biggest shareholder.

Besides signing a share subscription agreement, ANA Holdings also committed to accompany Vietnam Airlines in its development by signing a technical support agreement, pledging to support Vietnam Airlines in business administration, marketing and commerce, flight operation, customer service, IT, aircraft maintenance, and cabin crew training.

The two firms also inked agreements on commercial co-operation to co-ordinate and utilise the two airlines’ flight networks and enhance competitiveness in both international and domestic markets to maximise benefits for the two airlines’ customers.

Currently, Vietnam Airlines and ANA Holding are boosting codeshare co-operation on ten routes between Vietnam and Japan, 11 domestic routes in Japan, four domestic routes in Vietnam, and two flights between Vietnam and Cambodia.

“With the codeshare flights, the two airlines are able to connect each other’s flight networks and increase market penetration in Vietnam and Japan, as well as other markets without launching new routes,” Minh said.

 

 

Source: VIR 

Maybe You Also Interesting :

» Hanoi launches interactive tourism website

Hanoi’s downtown district of Hoan Kiem on May 20 launched its tourism website at different addresses of http://hoankiem360.vn , http://hoankiem360.com ,...

» Vietnam Airlines to build logistic hub in Cần Thơ

The Vietnam Airlines Corporation plans to build a logistics centre in the southern city of Cần Thơ this year, said Deputy General Director Trịnh Hồng...

» Vietnam Airlines flight fails to take off twice due to glitch

Passengers were very angry because Vietnam Airlines flight from Danang to Hanoi in the evening of May 14 was delayed several times, after which they were...

Popular News Categories:

- Asia & Asian  |  EU & Russia  |  America & US

- Facts  |  Urban  |  Faculty  |  Environment

- Business  |  Finance  |  Market Health

- Destination  |  Cuisine  |  Arts Music

- Cinema  |  Soccer  |  Sports  |  IT & Internet

Culture & Tourism:

-> About Vietnam  |  Things To Do

-> Destinations  |  Events Calendar

-> Visa Online  |  Flights & Transport

-> Accomodation  |  Tours & Cruise

-> Find more go to Travel.VN...

Login