Air carriers have reported profits for the first quarter of 2024 thanks to the strong recovery of the aviation market and sky-high airfares.

Developing a high-speed highway is a matter of special public concern. Under the 2021-2030 draft railway development plan, Vietnam’s railway would undertake the transport of 16.5 million tons of cargo and 30.9 million passengers by 2030.

Tin Nghia Corporation (TID) has passed a resolution to dissolve the Tin Nghia Express Aviation Joint Venture, a member of the company, after just two years of establishment as the aviation market has been struggling due to the Covid-19 pandemic.

The Civil Aviation Authority of Vietnam (CAAV) has asked airlines to quickly refund or exchange tickets for passengers who cannot fly to their destinations in areas under lockdown due to the COVID-19 pandemic.

Flights to other countries bring 50 percent of Vietnam Airlines’ total revenue, but the number remains modest. And domestic air transport has just begun to recover.

The debts incurred by enterprises in the aviation industry, due in 2020, if not payable, will have a big impact on public debt.

The MoT proposed to halt the establishment of new airlines, with new applications considered only once the aviation market rebounds to a normal state.

When passenger planes start flying again, the world of air travel will be very different.

The Civil Aviation Authority of Vietnam has asked Bamboo Airways to quickly report its debts, payment plan for aviation service providers and its financial situation.

Vietnamese airlines are having a hard time mitigating the impact of the coronavirus outbreak which is threatening to erase the nascent air-travel boom in the country.

Minister of Transport Nguyen Van The chaired a conference on February 27 to seek measures to counter difficulties caused by the COVID-19 epidemic.

Airline industry body IATA predicts global air travel demand will fall for the first time since 2009.

Vietnam Airlines is preparing to operate a dozen flights to repatriate more than 1,000 Chinese citizens who have got stuck in Danang, Nha Trang and Phu Quoc due to the suspension of air services between Vietnam and China.

Local carriers had incurred total losses of over VND10 trillion as of February 10, Tuoi Tre reported, citing the head of the Civil Aviation Authority of Vietnam (CAAV) Dinh Viet Thang.

Vingroup announced today, January 14, to call off its project to set up Vinpearl Air even though the Ministry of Planning and Investment had just sent this project to the prime minister for approval, the local media reported.

Minister of Planning and Investment Nguyen Chi Dung has submitted a new airline project to Prime Minister Nguyen Xuan Phuc for approval.

The underdevelopment of infrastructure is believed to be the main reason hindering the aviation industry.

Twenty two airports in Vietnam have the capacity equal to one airport in Thailand or Singapore. The overloaded infrastructure is affecting the aviation and tourism industries.

The Ministry of Transport held a roundtable to discuss the possibility of direct flights to the US, and the opportunities and challenges facing the Vietnamese aviation sector.