Garuda Indonesia, the national flag carrier of Indonesia, and Singapore Airlines plan to enter into a joint venture (JV) to increase passenger capacity between the two countries as post-COVID tourism in Southeast Asia ramps up.
Vietjet, SOVICO Group and Changi Airports International (CAI), the international arm of Changi Airport Group, have signed a strategic partnership agreement worth 1.5 billion USD to develop the provision of aviation services at airports in Vietnam and in the region.
Vietnam's aviation market will play a key role in the aviation growth in Southeast Asia in the next 20 years, and the country’s fleet is expected to quadruple by 2038, according to an official from Boeing Commercial Airplanes.
The Airports Corporation of Vietnam (ACV) has targeted earning 19.1 trillion VND (820 million USD) in revenue and 8.2 trillion VND (355 million USD) in pre-tax profit in 2019, representing year-on-year increases of 7 percent and 9 percent.
The aviation transport market is approaching saturation and showing signs of slowing down after years of high growth, according to the January-May business report of the Airports Corporation of Vietnam.
World
