Business

Vietnam faces serious shortage of aircraft: CAAV Director

Airplane engine manufacturer Pratt & Whitney (PW)’s recalling of a number of A321Neo aircraft operated by Vietnam Airlines and Vietjet Air has caused the domestic aviation industry to face a serious shortage of aircraft, said Director of the Civil Aviation Administration of Vietnam (CAAV) Dinh Viet Thang at a conference held by the Ministry of Transport on April 1.
Vietnam faces serious shortage of aircraft: CAAV Director ảnh 1Aircraft at Noi Bai International Airport (Photo: VNA)
Hanoi (VNA) – Airplane engine manufacturer Pratt& Whitney (PW)’s recalling of a number of A321Neo aircraft operated byVietnam Airlines and Vietjet Air has caused the domestic aviation industry to face a serious shortage of aircraft, said Director of the Civil AviationAdministration of Vietnam (CAAV) Dinh Viet Thang at a conference held by theMinistry of Transport on April 1.

The official said due to the recall, the aircraft will stopoperating in 2024 and 2025, beginning from January 2024.

As of March 31, Vietnam had a fleet of 205 aircraft, ofwhich 159 are operating, 20 are under regular maintenance, and 26 are havingtheir engines checked and repaired following the request of the manufacturer.

From now until the end of the year, 42 aircraft of the domestic airlines will have to stop operating to fix the manufacturer's engineerrors, said Thang, adding that normally, the work takes about 18 months.

However, the number of aircraft in the world with engineerrors is huge, causing the manufacturer's supply chain to be broken. Besides,some airlines had to restructure their debts, pushing aircraft rental prices upand creating a scarcity of aircraft and difficulties in renting.

Vietnam faces serious shortage of aircraft: CAAV Director ảnh 2The aviation sector is implementing many measures to meet the travel demands of passengers in summer. (Photo: VNA)
It is forecast that until 2026 or even 2027, the repair ofthe engines of the Vietnamese aircraft will be completed, enabling their normaloperations, said the CAAV leader.

He warned that due to the airplane shortage, air fares inthe peak summer season will be high. The official affirmed that the aviationsector is implementing many measures to deal with the issue, includingreviewing procedures to reduce aircraft turnaround time at airports from 45minutes to 35 minutes.

In September 2023, engine manufacturer Pratt & Whitney(PW) announced that it must recall the PW1100 engine on Airbus A321Neo aircraftto carry out in-depth inspection and repair to fix production errors. It isestimated that there are about 600-700 PW1100 engines operating onfleets affected worldwide./.
VNA
#Civil Aviation Administration of Vietnam (CAAV) #Pratt & Whitney (PW) #A321Neo aircraft #air fares #Vietnam #Vietnam news #Vietnam News Agency
Follow VietnamPlus

Related News

See more

Vietnamese Ambassador to India Trinh Minh Manh discusses potential areas and strengths for cooperation between Vietnam and India’s Gujarat state. (Photo: VNA)

Vietnam, India’s Gujarat state seek to unlock cooperation potential

Vietnam attaches importance to strengthening cooperation with Indian states boasting strong economic potential, including Gujarat, to further advance the two countries’ Enhanced Comprehensive Strategic Partnership, particularly in the economy, trade and investment, said Ambassador Trinh Minh Manh.

At Nestlé Vietnam factory in Hung Yen province (Photo: VNA)

Vietnam seeks to build stronger ecosystem for FDI

The World Bank has stressed the need to connect global companies with domestic suppliers, improve the business climate and develop supply-chain finance solutions. Those steps will let domestic firms gradually meet requirements on quality, technology, costs and delivery times, and position them to become suppliers to multinational corporations.

Construction of technical infrastructure facilities serving APEC 2027 in Phu Quoc Special Zone, An Giang province. (Illustrative photo: VNA)

Vietnam enters investment grade credit rating category for first time

Vietnam has maintained robust growth, outperforming other Southeast Asian economies. Its ongoing government reforms aimed at streamlining the state apparatus, promoting the private sector, improving the institutional framework and developing capital markets will strengthen the country’s growth potential and economic resilience.

Vietnamese Prime Minister Le Minh Hung and Lao Prime Minister Saleumxay Kommasith witness the presentation of investment certificates and investment cooperation agreements between businesses of the two countries. (Photo: VNA)

Vietnam, Laos strengthen “strategic cohesion” in economic sector

The great friendship, special solidarity, comprehensive cooperation and strategic cohesion between Vietnam and Laos, and between Laos and Vietnam, are an invaluable asset of the Vietnamese and Lao Parties, States and people. It is the responsibility of today's generation to transform this invaluable political asset into new resources for the development of the two countries’ people.

West Food Hau Giang JSC’s factory at the Nam Song Hau Industrial Park – Phase 1, Can Tho city (Photo: VNA)

Southern industrial property market enters new phase of competition

Industrial site selection was previously driven largely by land prices, location and access to markets. However, as supply chains become more complex and manufacturing projects face higher technical requirements, businesses are increasingly assessing sites based on their long-term operational capabilities.

Members of the RoK delegation visit booths showcasing signature agricultural products of Da Lat – Lam Dong. (Photo: VNA)

Lam Dong seeks stronger economic, tourism links with RoK

Lam Dong is particularly interested in sectors in which Korean businesses have strengths, including agriculture, green energy, the circular economy, high-quality tourism, healthcare, education, human resources training and digital transformation, an official said.

Illustrative image (Photo: EVNNPT)

EVNNPT seeks over 224 mln USD in bank loans for grid expansion

Three projects account for part of the financing need, including 13.3 million EUR for the 220kV Ung Hoa substation and connection lines, 18.6 million EUR for the 220kV Tan Viet substation and the 220kV Tan Viet–Gia Loc–Pho Noi line, and 35.3 million EUR for the 220kV substation connecting the Dong Anh–Van Tri transmission line.

At a farm produce supermarket in Hue city (Photo: VNA)

Inflation control key to maintaining growth momentum

Average consumer price index (CPI) rose 4.52% in the first nine months, roughly in line with the National Assembly (NA)'s full-year target, while core inflation climbed 4.26%, the National Statistics Office (NSO) reported. CPI in some localities ran above the national average, including economic hubs Hanoi and Ho Chi Minh City.

According to experts, Vietnam’s relatively attractive valuation could help draw active investors. (Photo: VNA)

Capital-market channels widened after FTSE upgrade: expert

Vietnam officially entered FTSE Russell’s Secondary Emerging Market category on September 21 after reforms to trading, settlement and foreign-investor access. The reclassification gives Vietnamese equities access to a much larger pool of international capital, but also puts them in direct competition with other emerging markets.

Lao products are promoted at a trade fair in Dien Bien province in September 2026. (Photo: VNA)

Vietnam, Laos seek to expand room for trade, investment cooperation

Vietnam and Laos aim to boost bilateral trade in 2026 towards the milestone of 10 billion USD by 2030, a target said to be challenging but feasible as both Governments work to remove trade barriers, improve border-trade mechanisms, and strengthen transport and logistics connectivity.

At a garment company in Bac Ninh city. (Photo: VNA)

Bac Ninh maintains its lead nationwide in import-export scale

Exports totaled almost 87.5 billion USD while imports hit 90.3 billion USD. The figures show output at the electronics manufacturing hub is still expanding. They also underscore the need for local companies to build capacity and capture more value in supply chains.