VietJet Air, a Vietnamese start-up carrier, and Sukhoi Civil Aircraft Company signed (22-Oct-2009) a protocol confirming the readiness of the Vietnamese airline to consider the Sukhoi Superjet 100 regional aircraft. The agreement was signed within the framework of the 13th regular session of the Russia-Vietnam intergovernmental commission on commercial, technical and scientific cooperation. [more]
Sukhoi Civil Aircraft Company welcomes new Sukhoi Superjet 100 potential customer
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VietJet Air 2017 outlook: IPO to fund accelerated international expansion as competition intensifies
VietJet Air is poised for another year of milestones and rapid growth in 2017. The Vietnam based airline group’s fleet will reach 50 aircraft and should surpass 20 million annual passengers in 2017 – remarkable achievements for a company that is only six years old.
VietJet also plans to complete an initial public offering in Feb-2017 with a listing on the Ho Chi Minh Stock Exchange. The IPO raises capital to help finance a massive order book of nearly 200 additional aircraft.
However, the airline faces challenges in 2017 as the group accelerates expansion in a highly competitive international marketplace. VietJet, which turned five years old on 25-Dec-2016, has focused mainly on domestic services in Vietnam but is banking on its JV in Thailand and a much larger international operation to drive its next phase of growth.
VietJet Air Part 3: international expansion accelerates as IPO approaches and order book grows
Vietnamese LCC VietJet Air is accelerating international expansion with at least five new routes in 4Q2016. VietJet will end 2016 with at least 14 international routes, compared with only seven at the beginning of 2016.
The Vietnamese LCC turns five years old in Dec-2016 and is approaching a critical juncture as it starts to pursue faster international expansion and prepares for an initial public offering (IPO). VietJet has been very successful in the Vietnamese domestic market, driving rapid growth and quickly capturing a 40% share.
With international expansion come higher risks and more challenges. VietJet is betting it can succeed internationally after placing orders for another 120 aircraft in recent months, raising its order book to 200.