The Vietnamese aviation market is forecast to fully recover by the end of this year, according to a global outlook for the aviation industry released by the International Air Transport Association (IATA) recently.
The Vietnamese aviation market is expected to see 55 million passengers by the end of this year, an increase of 3.7 times compared to the previous year, recovering by nearly 70% compared to 2019, pre-COVID-19 pandemic.
Real estate and entertainment firm Sun Group has launched its Sun Air, the first luxury airline in Vietnam, providing private jet management and air charter services, and sightseeing flights using helicopters and seaplanes.
The Vietnamese aviation market is predicted to begin recovering by the middle of the third quarter with this year’s total estimated capacity of over 70 million passengers.
National flag carrier Vietnam Airlines and the Qantas Group from Australia have recently agreed on changes to their joint venture, Jetstar Pacific, to improve the operations and profits of the budget airline.
Vietnam Singapore Technologies Engineering Aerospace Co. Ltd. (VSTEA) officially made its debut on September 26, becoming the first joint venture of its kind in the Vietnamese aviation market.
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