Vietnam's Government plans to construct two new international airports in Hai Phong and Dong Nai (Thanh Nien, 26-Nov-2010). The government has ordered the Ministry of Transport to study the affect the airports will have on the economy. Southern Airports Corp is expected to commence construction on the USD6.74 billion Long Thanh International Airport in Dong Nai Province in 2018. The first phase of the project is expected to complete by 2020. By 2035, the airport will be able to serve 80-100 million passengers and handle 3 million tons of cargo p/a.
Vietnam to construct two new airports
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Jetstar Pacific is mainly a domestic airline but has started to focus more on the more profitable international market. Further international expansion is expected in 2017, with several new scheduled and charter flights using the additional A320s. Meanwhile new Australia-Ho Chi Minh flights from sister LCC Jetstar Airways will provide an opportunity to further grow interline and codeshare traffic.
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.