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.

Since the first coronavirus cases were detected in Vietnam in March, the outlook for air transport-related stocks has remained negative.

With two continuous tests of negative results after their entry, those who enter Vietnam to work for a period of over 14 days can go home or to their accommodations for self-isolation, according to the latest Ministry of Health’s temporary guide.

The aviation authorities of China, South Korea, Japan, and Taiwan (China) have asked Vietnam to clarify the immigration process, isolation and medical requirements for international flights.

The Civil Aviation Authority of Vietnam (CAAV) has proposed that certain air routes to and from China, Japan, the Republic of Korea (RoK), Taiwan (China), Laos, and Cambodia be resumed on September 15.

Fees for takeoff and landing and aircraft operating services for domestic flights will continue to be cut by 50 per cent for the next six months to support airlines affected by the COVID-19 pandemic, according to a Transport Ministry circular.

The Ministry of Planning and Investment has asked Prime Minister Nguyen Xuan Phuc not to approve plans to open a new airline in Vietnam.

A delay in land acquisition disbursement for the proposed Long Thanh international airport in the southern province of Dong Nai could affect its progress, experts have warned.

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. 

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 Ministry of Transport has urged the Civil Aviation Authority of Vietnam (CAAV) to finalize a plan to resume regular international flights to and from Vietnam, Deputy Transport Minister Le Anh Tuan told VNA on August 18.

Passenger transportation units, especially airlines and railways, had not yet recovered fully from the first COVID-19 outbreak when the second outbreak occurred and dealt another blow.

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.

The Civil Aviation Authority of Vietnam (CAAV) plans to build Quang Tri Airport in Quang Tri province, but experts disagree with the idea.

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.

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.

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

The Ministry of Planning and Investment has expressed concern that the Long Thanh airport project might not get off ground in 2021 as scheduled, as the disbursement of capital for site clearance works has met a mere 10% of the target.