Vietjet aims to clinch leading position in domestic market

A Vietjet Aircraft (Source: Vietjet)

Hanoi (VNA) - Vietjet aims to maintain its leading position in terms of passenger volume and efficiency in Vietnam in 2023, heard the airline’s general meeting of shareholders on April 26.

This year, the new-age carrier plans to reach agreements with aircraft manufacturers Airbus and Boeing, ensuring on-time delivery of planes, while expanding business activities in ground services, training services and digital business, and optimising operations and financial solutions to cut costs while improving efficiency.

Participants at the meeting agreed on the goals of turning Vietjet a leading airline in digital technology, raising its capital to meet the development demand, and prioritising asset growth and financial capability improvement, paving the way for its sustainable development.

Vietjet will expand its fleet to 87 aircraft (including nine Airbus A330 wide-body aircraft) to operate 139,513 flights carrying 25.7 million passengers. This year, the airline expects a revenue of 50.17 trillion VND (2.14 billion USD, and an after-tax profit is of 1 trillion VND (42.8 million USD).

Addressing the meeting, Deputy Minister of Transport Le Anh Tuan hailed the business outcomes of Vietjet in 2022, winning 40% of the domestic market share. He said he hopes Vietjet will continue to maintain the strong performance in 2023.

Meanwhile, Ho Minh Tan, Vice Director of the Civil Aviation Authority of Vietnam, highlighted Vietjet’s outstanding development in aviation safety.

Last year, amid great difficulties and challenges of the economic situation as well as the world and domestic aviation market after the COVID-19 pandemic, Vietjet still stayed firm and maintained its growth and major balances, especially in the finance, creating an important premise for its sustainable development in 2023 and the following years.

An overview of Vietjet's general meeting of shareholders on April 26 (Source: Vietjet)

In 2022, Vietjet operated more than 116,261 flights, up 186% year on year, transporting 20.5 million passengers, a year-on-year surge of 283%, becoming the leading Vietnamese airline in terms of passenger volume. Vietjet has also put its wide-body Airbus A330 fleet into operation for long-range routes to Kazakhstan, India and Australia.

Vietjet has successfully developed a tablet-based check-in project, helping ground staff to be flexible in supporting customers to check-in, while integrating systems such as HD Insurance, Galaxy Pay to provide customers with more options in products and services.

It has also launched the brand-new loyalty programme SkyJoy with endless rewards together with the in-flight POS payment system for ancillary purchase.

It posted a revenue of 40.14 trillion VND (1.71 billion USD) in 2022, a year-on-year increase of 212%.

The new-age carrier Vietjet has not only revolutionized the aviation industry in Vietnam but also been a pioneering airline across the region and around the world. With a focus on cost management ability, effective operations, and performance, applying the latest technology to all activities and leading the trend, Vietjet offers flying opportunities with cost-saving and flexible fares as well as diversified services to meet customers’ demands.

Vietjet is a fully-fledged member of International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. As Vietnam’s largest private carrier, the airline has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years. The airline has also been named as Best Low-Cost Carrier by renowned organisations such as Skytrax, CAPA, Airline Ratings, and many others./.