It is undeniable that the aviation industry has contributed greatly to the development of the global economy, accounting for roughly 3.6 per cent of total global GDP. 

“I am overwhelmed with joy. But the worry about what to do to help the corporation overcome the pandemic is 20 or 30 times more,” said the newly appointed chair of Vietnam Airlines.

The development of Covid-19, plus the low season, has led to a serious drop in travel demand. Airfares have been slashed continuously, some of them next to nothing.

The Vietnam Aviation Business Association (VABA) has proposed the Government lend domestic airlines a credit package of VND25 trillion-VND27 trillion (US$1.07 billion-$1.16 billion) at a preferential interest rate for a three-four year term.

National flag carrier Vietnam Airlines has forecast a consolidated pre-tax loss for 2020 of nearly 15.18 trillion VND (over 650 million USD) due to COVID-19.

Vietnam Airlines is planning to sell nine A321CEO planes to optimize its fleet and improve its cash flow, as the national flag carrier’s revenue has dropped sharply due to the Covid-19 pandemic.

Vietjet Aviation Joint Stock Company has reported a loss of over VND2.11 trillion (approx. US$90.5 million) in air transportation business in the first half of this year.

The COVID-19 pandemic has severely dragged down revenues of the Vietnam Airlines Corporation (Vietnam Airlines) and the Airports Corporation of Vietnam (ACV) in the second quarter of this year.

“We’re about to go home” was something Vietnam Airlines’ flight attendants said repeatedly to Vietnamese citizens on a flight from Equatorial Guinea a couple of days ago.

To offset the decline in revenue from international flights, airlines have been trying to exploit more domestic air routes.

The Civil Aviation Authority of Vietnam (CAAV) has submitted to the Ministry of Transport (MOT) a plan to resume international air routes.

Pacific Airlines which was earlier known as Jetstar Pacific have apologised to passengers who have been affected by the change in its ticketing system.

The attempt by the government to rescue Vietnam Airlines with investment capital of VND12 trillion raises a question about the equality between state-owned and private enterprises.

The members of the Prime Minister’s Economic Advisory Council all agree that it is necessary for the State to help state-owned Vietnam Airlines overcome difficulties caused by Covid-19.

No new airlines will be allowed to open in Viet Nam until 2022 at the earliest, Deputy Prime Minister Trinh Dinh Dung has announced.

From now to the end of August 2020, the aviation sector will continue working with diplomatic and military agencies to conduct 50 more flights to bring over 13,000 Vietnamese citizens home, 

Dragged by the impact of the COVID-19 pandemic, the national carrier Vietnam Airlines is seeking measures to ease pressure on its cash liquidity.

The application made by Vietravel Airlines satisfies all conditions for licensing as an aviation transport business, according to the Civil Aviation Administration of Vietnam (CAAV).

The Civil Aviation Administration of Vietnam (CAAV) confirmed on July 17 that all Pakistani pilots working for Vietnamese airlines have valid licenses.

Though Vietnam has largely been recovering quite rapidly from the COVID-19 pandemic, the country’s aviation industry remains significantly affected, with national flag carrier Vietnam Airlines suffering the most damage.