Vietjet Air

Vietjet Air
Airline	Vietjet Air
Fleet size	105
Destinations	125
Founded	2007
Commenced	2011
Headquarters	Ho Chi Minh City, Vietnam
Key people	Nguyen Thi Phuong Thao
Hubs	Tan Son Nhat, Noi Bai

Vietjet Air. It is a privately-owned low-cost carrier based in Vietnam, playing a transformative role in the regional aviation market. Founded in 2007 and commencing operations in late 2011, the airline has rapidly expanded its network across Asia and to international destinations. Known for its dynamic marketing and competitive pricing, it has significantly increased air travel accessibility within Vietnam and beyond.

History

The airline was established in 2007, receiving its air operator's certificate from the Civil Aviation Authority of Vietnam. Operations began on December 25, 2011, with a maiden flight from Ho Chi Minh City to Hanoi. A major milestone was reached in 2017 when it conducted an initial public offering on the Ho Chi Minh City Stock Exchange. The carrier has pursued aggressive international expansion, launching numerous routes to countries including Thailand, South Korea, Japan, and Australia. Its growth has been a key factor in the development of tourism in Vietnam and has intensified competition with the national flag carrier, Vietnam Airlines.

Fleet

As of recent data, the airline operates an all-Airbus fleet, predominantly consisting of modern, fuel-efficient models. The backbone of its operations is the Airbus A320 family, including the Airbus A320neo and the larger Airbus A321 variants. This standardized fleet strategy simplifies maintenance and training, with major checks often performed at facilities like Singapore Technologies Aerospace. The airline has placed substantial orders with Airbus for additional aircraft, including the Airbus A330 for longer routes, supporting its continued network growth across Asia-Pacific markets.

Destinations

The airline serves an extensive network covering major domestic points and international destinations across Southeast Asia and East Asia. Key domestic hubs include Tan Son Nhat International Airport in Ho Chi Minh City and Noi Bai International Airport in Hanoi, with connections to cities like Da Nang and Nha Trang. Internationally, it flies to popular tourist and economic centers such as Bangkok's Suvarnabhumi Airport, Seoul's Incheon International Airport, Tokyo's Narita International Airport, and Sydney Airport. New routes are frequently announced to cities in India, China, and Central Asia.

Business model and services

Operating under a strict low-cost carrier model, the airline focuses on high aircraft utilization, direct online sales, and unbundled services. Revenue is supplemented by ancillary sales from services like seat selection, onboard SkyBistro catering, and priority boarding. The airline is notable for its vibrant marketing campaigns and distinctive cabin crew uniforms, which have garnered significant media attention. It also offers a frequent flyer program and has explored diversifications into sectors like flight training and air cargo services.

Corporate affairs

The company is a joint-stock company, with a significant portion owned by its founder and CEO, billionaire Nguyen Thi Phuong Thao. Its corporate headquarters are located in Ho Chi Minh City. The airline is a publicly traded entity on the Ho Chi Minh City Stock Exchange and has attracted investment from various international funds. It maintains commercial partnerships and interline agreements with other carriers and is a member of the International Air Transport Association. Subsidiaries and affiliates under the parent Sovico Group are involved in sectors including finance, real estate, and hospitality.

Accidents and incidents

The airline maintains a clean safety record with no hull losses or fatal accidents since its inception. It has experienced minor incidents typical of airline operations, such as runway excursions and technical malfunctions, which have been investigated by the Civil Aviation Authority of Vietnam. The carrier's operations comply with international safety standards and it has successfully passed International Air Transport Association operational safety audits. Its safety protocols and pilot training are managed through its affiliated Vietjet Aviation Academy.

Category:Airlines of Vietnam Category:Low-cost airlines Category:Companies listed on the Ho Chi Minh City Stock Exchange