Flight delays, cancellations can lead to slot loss for airlinesBy Le Anh Passengers crowd a terminal at Tan Son Nhat Airport. Flight delays and cancellations spark passengers’ concerns - PHOTO: LE ANH HCMC – As flight delays and cancellations remain a chronic problem, the Ministry of Transport has warned domestic airlines that they may lose their take-off and landing slots if they delay or cancel too many flights without good reason. At a meeting of the ministry on August 22 on slot allocation, Dinh Viet Thang, head of the Civil Aviation Authority of Vietnam (CAAV) and head of the slot management council, which includes representatives of Airports Corporation of Vietnam, Vietnam Air Traffic Management Corporation and air carriers, noted that airlines are allocated slots equivalent to 85% of their capacity, a level in line with the recommendation of the International Civil Aviation Organization. According to the council, Tan Son Nhat International Airport, for … [Read more...] about Flight delays, cancellations can lead to slot loss for airlines
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Vietnam Airlines shares to be auctioned in May
The Ministry of Transport will auction 371.5 million Vietnam Airlines shares on May 22 to increase the national flag carrier’s chartered capital. illustrative image The starting price will be VND6,026 per share. It is estimated that the shares will bring in VND2.38trn (USD104.83m). In July 2017, Vietnam Airlines planned to issue over 191 million shares to existing shareholders at the ratio of 15.57% which means those with 100 purchase rights can buy 15,57 more shares at the price of VND10,000 per share. However, the plan hasn't been implemented. Vietnam Airlines became a joint-stock company in 2015 with chartered capital of VND11.19trn (USD493m). Its chartered capital was raised to VND12.27 in 2016. In January 2017, Vietnam Airlines traded more than 1.2 billion shares, listed as HVN, on UpCOM. The Ministry of Transport holds an 86.16% share and ANA Holding Inc. owns an 8.77%-plus stake. Vietnam Airlines has several subsidiaries companies including the Vietnam Air Petrol … [Read more...] about Vietnam Airlines shares to be auctioned in May
Vietnam Airlines receives third Skytrax certificate
Vietnam Airlines has been recognized as a four-star international airline for the third consecutive year, meeting the rigorous assessment of Skytrax after choosing to improve the quality of its products and services to reach further into the international aviation market. Photo: Vietnam Airlines On July 17 in London, Vietnam Airlines again received the four-star international airline certificate from Skytrax. This third time was no surprise and demonstrates its efforts to satisfy customers. Positioning itself as a world-class airline, plans to upgrade the quality of its products and services from ground to air were put together in 2014 and 2015. From the convenience of its website, ticketing services, the friendliness of its staff at check-in counters, and comfort and convenience in its domestic and international lounges to safety, to cleanliness and comfort, business class dinners, seating arrangements, and entertainment programs on long journeys; all have undergone … [Read more...] about Vietnam Airlines receives third Skytrax certificate
Vietnam Airlines increases pilot salaries
National carrier Vietnam Airlines have raised salaries for the firm’s pilots from June 1 with rises depending on different kinds of airplanes. According to its report submitted to the Ministry of Transport, for B787 and A350 aeroplanes, domestic captains will be paid a salary of VND205-246 million (USD9,318-11,181) per month, while the salary for Vietnamese first officers will be VND124 -150 million per month. National carrier Vietnam Airlines have raised salaries for the firm’s pilots from June 1 with rises depending on different kinds of airplanes … [Read more...] about Vietnam Airlines increases pilot salaries
Vietnam Airlines opens flight simulator complex
Vietnam Airlines opened the first flight simulator complex in Vietnam on August 21, marking a milestone in its investment strategy for pilot training. Located at its training center in Ho Chi Minh City’s Tan Binh district, the complex comprises four simulators purchased by the airline in cooperation with Canadian flight simulator manufacturer CAE. Two are for Airbus A321 training, one for Airbus A350, and one for Boeing 787. The construction of the complex will bring many benefits to Vietnam Airlines in particular and the airline industry in general. The localization of training for pilots of the three aircraft will help Vietnam Airlines take the initiative in training, ensuring the quality and quantity of pilots are at the highest level according to international standards in safety and quality. Vietnam Airlines will also save more than VND285 billion ($12.3 million) over ten years. Strategically, the flight simulator complex is the basis for affirming Vietnam … [Read more...] about Vietnam Airlines opens flight simulator complex