Vietjet is set to introduce several new cargo services this year as Vietnam’s largest budget airline solidifies its global position in cargo transportation. The cargo division’s standing VP Tran Quang Hoa said the carrier would closely follow the development of the logistics market to meet the demand. “These services will be developed based on our existing products in 2020 which have optimized our fleet and operation and raked in quite a considerable amount of revenue for Vietjet in the … [Read more...] about Vietjet eyes expansion in cargo business for 2021
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Air cargo makes profit for Asia’s smaller airlines
Whilst most carriers in Asia suffered dismal numbers for 2020 after witnessing the collapse of international airline operations brought about by the COVID-19 pandemic, there were some who banked on air cargo to rake in profits despite a challenging year. For the quarter ended 31 December 2020, Indian express operator Blue Dart posted ₹937.83 million (US$12.8 million) in profit after tax, from the previous year’s ₹330.80 million (US$4.5 million) loss, whilst revenue from operations stood at … [Read more...] about Air cargo makes profit for Asia’s smaller airlines
A toast to excellence, resilience at 7th Payload Asia Awards
On 22 January, the most outstanding companies in the air cargo supply chain were once again hailed at the 7th edition of the Payload Asia Awards. More than 60 industry professionals attended the digital awards ceremony, graced by representatives from airlines, cargo handlers, IT providers and express operators. In its 7th edition, the awards ceremony recognises the remarkable companies that have stayed resilient and kept the supply chain connected amidst a pandemic. In a unique format, … [Read more...] about A toast to excellence, resilience at 7th Payload Asia Awards
Vietjet, UPS team up to boost Asia-US cargo capacity
Vietjet Cargo and UPS have entered a “historic” agreement to leverage each other’s networks, a press release revealed, adding more air freight capacity on the Asia-US trade lane. Vietjet Cargo will gain access to UPS’ global network, whilst the express operator can tap on the airline’s regional network within Vietnam, Thailand and other Asian destinations to deliver shipments faster. “The cooperation with UPS paves the way for Vietjet to make Hanoi, Ho Chi Minh City and Bangkok regional … [Read more...] about Vietjet, UPS team up to boost Asia-US cargo capacity
Vietjet continues relief cargo flights to central Vietnam
Free delivery and priority for relief cargo will continue on Vietjet flights departing from Ho Chi Minh City and Hanoi to five airports in Vietnam’s central region as another typhoon approaches which could aggravate the region's “worst flooding in 40 years.” As of 21 October, the airline has delivered over 200 tonnes of emergency relief cargo to the five airports of Chu Lai (Quang Nam province), Da Nang, Phu Bai (Thua Thien Hue province), Dong Hoi (Quang Binh province) and Vinh … [Read more...] about Vietjet continues relief cargo flights to central Vietnam
Vietjet’s cargo revenue up 21 percent, driven by domestic market
Vietjet reported a surge of 23 percent in cargo volume between April and August this year compared to the pre-pandemic first quarter. Cargo volume increased from 16,133 tonnes between January and March 2020 to 19,872 tonnes in the following five months. The airline said such growth was disproportionately driven by the domestic market. Cargo transported within Vietnam grew 54 percent over the first quarter. Meanwhile, air cargo revenue increased 21 percent in the April-August period … [Read more...] about Vietjet’s cargo revenue up 21 percent, driven by domestic market
