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Update news Bamboo Airways
Despite the "Covid-19 storm" that swept through the world which result was that domestic airlines suffering heavy losses, Bamboo Airways had an impressive comeback in 2020 with a pre-tax profit of VND400 billion ($17.4 million).
In February 2021, Bamboo Airways increased its charter capital from VND7,000 billion (US$303.7 million) to VND10,500 billion ($455.5 million).
Vietnamese airlines have recently unveiled plans to resume air routes following the containment of the second coronavirus outbreak, showing the fact that the aviation market has begun to pick up again.
The Civil Aviation Authority of Vietnam (CAA) released a report on the operation of flights on time (OTP) as well as delayed and cancelled flights across Vietnam in the first half of the year.
The Civil Aviation Authority of Vietnam (CAAV) confirmed on June 28 that it has licensed a total of 27 Pakistani pilots to work in Vietnam, but only 12 of them are currently flying for local airlines.
Local airports are required to keep applying safety protocol against Covid-19 as the pandemic has not been radically wiped out.
The upcoming repatriation flights will help roughly 2,000 people fly home.
Bamboo Airways has set targets of doubling its domestic air routes to 60 by the end of 2020, and raising the number of international routes from six to 25, with that to the US expected to be re-launched in late 2021 or early 2022.
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.
Vietnam’s airlines have halted providing flights on most international air routes because of the Covid-19 crisis. This is causing big losses to air carriers and land service companies.
Bamboo Airways, Vietnam’s newest airline, has announced it will reduce the frequency of domestic flights amid the critical time of COVID-19 fight as directed by the Government and Ministry of Transport.
The first direct flight between Vietnam and the Czech Republic carried 204 Czech and 82 other European passengers home and tens of tonnes of medical equipment and materials to support COVID-19 prevention and control in the European country.
The Ministry of Transport (MoT) has proposed the Government allow Bamboo Airways to increase its fleet instead of restricting the firm’s aircraft number to 30 like at present.
Bamboo Airways and resort operator Vinpearl on February 27 signed a strategic cooperation agreement in the field of air-tourism service.
Twenty passengers from the Republic of Korea were flown back to their home country on February 25 night, one day after their arrival in the central city of Da Nang.
Billionaires made big money in the Year of the Pig.
The Vietnamese aviation market has been recording double-digit growth in the last four years, but the growth rate is slowing.
Deputy Transport Minister Le Anh Tuan has said CAAV allowed the Vietjet Air to run four flights from the central province of Khanh Hoa to the Chinese city of Wuhan – the epicenter of corona virus outbreak, to fly Chinese tourists back home.
Airports Council International forecasts that Vietnam will have the fastest air passenger growth in the world in the period of 2018-2040 with an average annual growth rate of 6.2%.
Economists are concerned that Bamboo Airways' sale of shares to foreigners could affect national security.