Vietjet Air takes 40 percent domestic market share in Q1

Hanoi (VNA) – Private low-cost carrier Vietjet Air took almost 40 percent of the domestic aviation market share in the first quarter of 2016 and grew by 6 percent from a year earlier.

The firm reports that it currently owns 36 A320 and A321 airplanes and operates nearly 250 flights every day on about 50 domestic and foreign routes.

It has provided services for more than 20 million passengers since its inception in 2007.

Nearly 1,700 flights carrying some 300,000 passengers were conducted by the airline during the four-day holiday marking the National Reunification Day (April 30) and May Day.

That number of flights increased by 686 compared to the same period last year, the airline said.

Vietjet Air plans to launch its initial public offering in the next three months to sell 30 percent of its shares. It hopes to raise 800 million USD through that IPO, CEO Nguyen Thi Phuong Thao told Bloomberg.

In 2015, Vietjet Air received the International Air Transport Association’s certificate for operational safety audit. It also won the “Best Asian Low-Cost Carrier” title at the TTG Travel Awards.-VNA