Jeju Air to launch new S.Korea-Vietnam air route in DecemberBy Dao Loan Yang Seong Jin (R), head of Public Relations at Jeju Air, at the Danang-Daegu air route launch and the carrier’s development plan introduction ceremony, held in HCMC on November 15 – PHOTO: DAO LOAN HCMC – Jeju Air, a South Korean low-cost airline, will open a new air route to link Danang City and South Korea’s Daegu City on December 22, taking the total air services connecting the two countries to seven, a representative from the carrier said. Speaking at the Danang-Daegu air route launch and the carrier’s development plan introduction ceremony, held in HCMC on November 15, Yang Seong Jin, head of Public Relations at Jeju Air, said that the new air route is expected to operate seven weekly flights, with flying time lasting four and a half to five hours. Apart from the launch of the new air service, the carrier will increase the number of flights from Muan County to the … [Read more...] about Jeju Air to launch new S.Korea-Vietnam air route in December
Vietnam airlines in vietnam
Chinese tourists spend VND77 trillion in Vietnam
Chinese tourists spend VND77 trillion in VietnamBy Dao Loan Chinese tourists are seen arriving at Tan Son Nhat International Airport - PHOTO: DAO LOAN HCMC – Chinese visitors spent up to VND77 trillion in Vietnam last year, making up 23.9% of the total earnings of VND316 trillion from international tourists visiting the country. A 2017 report released by the Vietnam National Administration of Tourism indicated that the number of Chinese arrivals accounted for the lion’s share of 31% of the 12.9 million international travelers to Vietnam last year. Data from the conference on Vietnam-China tourism cooperation, held in early September, show that as many as 10 airlines operate a total of 500 flights, mainly chartered flights, per week on 30 air routes to transport passengers from 20 localities in China to Vietnam’s tourist attractions. Khanh Hoa Province reportedly welcomed the highest number of tourists, receiving 173 flights per week. The number of Chinese … [Read more...] about Chinese tourists spend VND77 trillion in Vietnam
Domestic airlines’ punctuality better than world average
Vietnam Airlines is reported to have had 10,520 delayed flights in the January-August period, or 12 per cent of all flights. — Photo VNA The number of delayed or cancelled flights operated by national flag carrier Vietnam Airlines and budget carriers Vietjet and Jetstar Pacific in the first eight months of the year was lower than the world average of 25 per cent. According to the Civil Aviation Authority of Viet Nam, the three carriers reached 75 per cent of flights on time. Vietnam Airlines was reported to have operated 87,555 flights, 12 per cent of which were delayed. Jetstar Pacific operated 24,598 flights, with 17 per cent delayed, and Vietjet Air ran 80,767 flights with 17 per cent delayed. Delayed flights are frequent in aviation, which is a priority for safety. According to experts, this is the area that does not allow any compromise to take off or land in unsafe conditions. According to FlightStats, which provides flight status and airport information to mobile web and … [Read more...] about Domestic airlines’ punctuality better than world average
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
BUSINESS NEWS IN BRIEF 22/8
Mekong Capital divests from Asia ChemicalsMekong Enterprise Fund II, a unit of Mekong Capital, has completely divested from Asia Chemicals Corporation (ACC) and taken in US$8.9 million, a 2.6-fold increase over its initial investment, after a seven-year holding period.According to a press release issued by Mekong Capital on August 10, in 2011, MEF II invested US$3.8 million in ACC, which was its 10th investment, after others in Mobile World Investment Group (The Gioi Di Dong), Golden Gate, Vietnam Australia International School and International Consumer Products.However, MEF II has now divested from all of its 10 earlier investments. The divestments have helped the fund generate a gross return multiple of 4.5 and a gross internal rate of return of 22.5%.Early this year, MEF II sold five million shares at Mobile World, generating a gross return multiple of 56.9 and an IRR of 61.1%, making it one of the most successful investments in Asia.Also, the fund’s full exit from Vietnam … [Read more...] about BUSINESS NEWS IN BRIEF 22/8