In an air cargo environment where freighters continue to idle in many locations around the world and airline cargo bosses lose sleep worrying about how to fill those still operating, Vietnam offers a studied contrast. It is – at least for now – a market in want of more maindeck capacity. One of the rising stars of the global economy, Vietnam was one of Asia’s fastest growing economies in 2014, driven largely by manufacturing and aided by rising personal consumption. In 2014 Vietnam’s GDP was … [Read more...] about Vietnam fuels cargo growth
Vietjet
VietJet in talks over joint ventures
Vietnam-based low-cost carrier (LCC) VietJet Air is looking to expand its north Asian reach using alliances and joint ventures (JV) with other airlines, rather than extend its existing route network. The airline said it initially wants to establish JVs with other carriers in South Korea, Japan and Taiwan. Speaking to Reuters, VietJet managing director Luu Duc Khanh said the north Asian market holds more appeal for the Vietnamese budget carrier as it is relatively less competitive. … [Read more...] about VietJet in talks over joint ventures
Thailand recovers from devastating floods
Thailand recovers from devastating floods Thailand’s recovery from the floods has seen a historic reversal of inbound and outbound traffic. Thailand’s gateway airport, Suvarnabhumi, usually has been export led by a margin of fractionally over two to one as major industrial estates near Ayutthaya, just north of the capital Bangkok, turned out a large part of the world’s hard drives and other high tech products, as well as automotive. However flooding at five of these seven … [Read more...] about Thailand recovers from devastating floods
Cargo matters at AirAsia
on cargo is not a simple matter, nor something that happens overnight. Indeed, cargo is an activity precious few low cost carriers (LCCs) dare to dirty their hands on. The very idea runs smack in the face of the LCC business model, one premised around high utilisation via very short turn-around times and of course, low overheads.“Cargo matters,†the head of cargo for Malaysia-based AirAsia group, Sathis Manoharen says emphatically. “Cargo presents an unique opportunity for the … [Read more...] about Cargo matters at AirAsia
VIETNAM: AirAsia takes plunge into Vietnam
AirAsia is set to begin operating from Vietnam after reaching an agreement to take a 30 per cent stake in VietJet Aviation Joint Stock Co. which has only just recently been licensed as the country’s first entirely private airline, but is not yet flying. The new company is aiming to be flying by June under the brand VietJet AirAsia. The new AirAsia sibling joins the carrier’s other brands: Thai AirAsia, Indonesia AirAsia and long-haul operator AirAsia X. The move comes … [Read more...] about VIETNAM: AirAsia takes plunge into Vietnam
VIETNAM: First privately-owned airline for Vietnam
The Vietnamese government has licensed the country's first privately owned airline, Vietjet. The new carrier says initially it will operate domestic routes between Hanoi, Ho Chi Minh City and Danang next year and is aiming to eventually offer flights to Hong Kong, Singapore and Bangkok. It joins the country's three state-owned airlines: Vietnam Airlines, Pacific Airlines and Vasco. … [Read more...] about VIETNAM: First privately-owned airline for Vietnam