Dealstreet Asia has reported that Air Asia, teaming up with Gumin Co Ltd, Hai Au Aviation JSC (HAA) and businessman Tran Trong Kien, will set up a joint venture airline with capital of $44 million.

Vingroup, owned by Pham Nhat Vuong, and Vietjet, owned by Nguyen Thi Phuong Thao, two dollar billionaires on Forbes’ 2017 list of the world’s billionaires, had good business performances in 2016. 

 It may seem the sky’s the limit for Vietjet Air following its recent IPO but some turbulence may lie ahead.

Analyst continue to draw comparisons between Vietnam Airlines, the nation’s flag air carrier, and the low cost carrier Vietjet Air, as both of them have listed shares on the stock market.

 Endorsed by a February 28 Hochiminh Stock Exchange (HOSE) decision on listing which marked the first transaction day of Vietjet Aviation Joint Stock Company’s VJC shares, Vietjet has become the first aviation company to be listed

Nguyen Thi Phuong Thao, CEO of Vietjet Air, has officially become the richest Vietnamese female, after Vietjet Air put its shares into transactions on the bourse.

VietNamNet Bridge - Low-cost taxi and air transport services have changed the way Vietnamese travel and live.

VietNamNet Bridge - The Vietnamese aviation sector has become more attractive as well as more challenging as many investors are expressing interest in the market. 

VietNamNet Bridge - Vietjet Air has launched its IPO and plans to list its shares at the HCMC Stock Exchange (HOSE) on February 28. It is also considering issuing bonds in the international market.  

Vietnam Airlines, the national flag air carrier, unexpectedly lost its Number 1 position in terms of domestic passenger transport during Tet to Vietjet Air. However, it remains a favorite air carrier thanks to high OTP (on-time performance).

VietNamNet Bridge - The airfares set by Vietnam Airlines, the nation’s flag air carrier, are among the highest  compared with other regional air carriers and Vietnamese rivals.

In order to be listed among top 10 stock billionaires by December 21, 2016, an individual must have stock assets of at least VND2.2 trillion, a figure higher than the total assets of many listed companies.

VietNamNet Bridge - Vietnam’s air carriers are trying to expand their fleets by purchasing new aircraft in large quantities, but poor infrastructure is hindering their work.

VietNamNet Bridge - With high growth in the domestic market, Vietnamese airlines saw their international market share decreasing sharply in the first six months of the year. 

The sharp price increase of aviation companies’ shares is attributed to their good business performance and investors’ high expectations for Airports Corporation of Vietnam (ACV), Vietnam Airlines and Vietjet Air.

VietNamNet Bridge - While Vietjet Air plans an IPO (initial public offering) by the end of the year, Vietnam Airlines, which has just shifted from a state-owned enterprise to a joint stock company, has vowed to enter the bourse soon.

VietNamNet Bridge - Targeting the middle-class consumer and clients who have demand to travel abroad at low cost, a series of foreign airlines have scored initial success with new air routes from Vietnam. 

VietNamnet Bridge - With a powerful fleet which has been expanding recently, Vietnam is expected to play a role in the international aviation market.

 VietNamNet Bridge – The national flag carrier, Vietnam Airlines, said it has canceled ten domestic flights as from August 19 as tropical storm Dianmu, the third of its kind to hit the country so far this year, is approaching near.

 Vietjet Air and the Incheon Tourism Organisation (ITO) of the Republic of Korea (RoK) on June 30 signed an agreement to promote strategic cooperation in developing products and services, to facilitate travel between the two countries.