Fees for takeoff and landing and aircraft operating services for domestic flights will continue to be cut by 50 percent for the next six months to support airlines affected by the COVID-19 pandemic, according to a Transport Ministry circular.
Vietjet Aviation Joint Stock Company (HoSE: VJC) recorded lower-than-expected loss of 1.44 trillion VND (about 62 million USD) for its air transport activities in the first half of 2020.
The second wave of COVID-19 that began at the end of July, the peak summer travel period, has disillusioned airlines that had earlier begin to hope for a recovery.
National flag carrier Vietnam Airlines has forecast a consolidated pre-tax loss for 2020 of nearly 15.18 trillion VND (over 650 million USD) due to COVID-19.
The impacts of the novel coronavirus disease (COVID-19) pandemic have been felt across the aviation industry in Vietnam, as flights have been canceled and travellers still choose to stay off airplanes amidst the ongoing pandemic.
Amid the global crisis sparked by COVID-19, Vietjet Aviation Joint Stock Company (HOSE: VJC) has created a foundation for recovery and will look to seize all opportunities for sustainable development from 2020 thanks to the resources of a robust management system, the airline’s modern fleet and flexible business strategies, especially its strong financial capacity.
Air transport operators of Indonesia recently estimated that the COVID-19 pandemic’s influence on the aviation industry may linger on, even until 2022.
The aviation industry and localities need to work together to push development, helping the industry gradually recover from the impact of the COVID-19 crisis, said economic experts.
Cambodia’s aviation industry is almost completely decimated due to travel restrictions triggered by the COVID-19, with air passenger numbers dropping more than 90 percent as of April this year, the Khmer Times reported.
Thai authority is using the rare hiatus of the aviation industry caused by the COVID-19 crisis to develop airport facilities in preparation for the post-pandemic world.
The eruption of the COVID-19 pandemic caused by the SARS-CoV-2 virus all over the world has made severe impacts on socio-economic development. In particular, transport enterprises are suffering from sizeable losses.
Japan will set up a framework for working with Malaysia in producing aircraft parts and training aviation industry personnel, its first such cooperation in Asia, government sources have said.
Airports Council International forecasts that Vietnam will have the fastest air passenger growth in the world in the period of 2018-2040 with an average annual growth rate of 6.2%.
Vietnam’s fleet of aircraft expanded 3.5 times over the last decade, Director of the Civil Aviation Authority of Vietnam Dinh Viet Thang told a recent seminar on Vietnam’s aviation industry in Hanoi.
Innovation and investment in infrastructure are required for Vietnam's aviation industry to develop, experts have told conferences at the Vietnam International Aviation Expo that opened on November 20 in Ho Chi Minh City.
Vietnam Airlines’ reception of the 100th aircraft of its fleet is an important milestone, affirming the leading position of the firm with the biggest fleet in Vietnam.
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