- VietJet Air
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VietJetAir 
IATA
-ICAO
VJCCallsign
VIETJETAIRFounded 2007 Alliance Partly owned by AirAsia Destinations Parent company 70% Privately held, 30% AirAsia Sdn Bhd. Headquarters Hanoi, Vietnam Website http://www.vietjetair.com/ VietJet Aviation Joint Stock Company (Vietnamese: Công Ty Cổ Phần Hàng Không VietJet), trading as VietJet Air, is a planned airline in Vietnam. It was granted its initial approval to operate by the Vietnamese Minister of Finance in November 2007,[1] but due to various logistical and legal complications, the airline has been unable to begin operating. Regional budget carrier AirAsia announced in February 2010 that it planned to purchase a 30% stake in the airline through a joint venture agreement, but retracted its plan in October 2011, citing "a failure to obtain Vietnamese regulatory approvals".[2]
Contents
Overview
The airline has its head office on the fourth floor of Flower Mansion in Tay Ho, Hanoi. The airline's Ho Chi Minh City office is on the ninth floor of the Hai Au Building in Tan Binh.[3] It is the first airline based in Vietnam to be 100% privately-owned.[1] Upon launch, the Hanoi-based airline intends to offers flights to Ho Chi Minh City and Da Nang, gradually expanding their network to include other Asian countries, such as Singapore, China, Thailand, Korea, and Japan. Its fleet would include either Boeing 737s or Airbus 320s.[4] Had it begun operations immediately after initial government approval, VietJet would have become the country's fourth airline to operate in the domestic market,[5] after Vietnam Airlines, Jetstar Pacific Airlines, and Vietnam Air Service Company (VASCO).[nb 1] The airline appointed Brian Presbury as its Chief Executive Officer in May 2008.[6]
Launch delays
Initially, VietJet had shown the intention to commence flights in late 2008 or early 2009.[4] Throughout the next few years, the expected launch date was repeatedly pushed back, first to late 2009, then mid-2010.[7] Airline officials gave different reasons for the delays, including increased fuel prices and other financial problems.
In February 2010, Southeast Asian carrier AirAsia announced that it had purchased a 30% stake in the airline.[8] By mid-2010, a date of October 2010 was given for the maiden flight, with officials claiming the additional delay was due to unresolved branding conflicts with the Civil Aviation Administration of Vietnam.[9]
By February 2011, VietJet was said to be "completing final stages" prior to launch before its operation license expired in June.[10] In March, AirAsia reportedly indicated it might withdraw funding from VietJet if the airline was unable resolve its branding issues before the June deadline.[11] Indeed, in October 2011, AirAsia announced it was calling off its plans to form a joint venture with VietJet, citing "a failure to obtain Vietnamese regulatory approvals", including the permission to use the AirAsia brand in the airline's commercial operations.[2]
Notes and references
Notes
- ^ Indochina Airlines and Air Mekong later began operations while VietJet remained unable to launch due to regulatory issues.
References
- ^ a b "Vietnamese government approves country's first privately owned airline". Forbes. 30 November 2007. http://www.forbes.com/markets/feeds/afx/2007/11/30/afx4389933.html.
- ^ a b "AirAsia calls off Vietnam joint venture". Agence France Presse. 2011-10-12. http://www.google.com/hostednews/afp/article/ALeqM5hP4AT8rcbxSzByHOAOWeRtSSoBRA?docId=CNG.a53db9560f7a409342b40008d5374f7a.231.
- ^ "Home." "Head Office A 4th Floor, Flower Mansion, 14 Thuy Khue Street, Tay Ho District, Hanoi, Vietnam" and "HCM Office A 9th Floor, Hai Au Building, 39B Truong Son Street, Tan Binh District, Ho Chi Minh City, Vietnam" Addresses in Vietnamese: "Trụ sở chính A Tầng 4, Tòa nhà Flower Mansion, 14 Thụy Khuê, Tây Hồ, Hà Nội, Việt Nam" and "Văn phòng tại TP.HCM A Tầng 9, Tòa nhà Hải Âu, 39B Trường Sơn, Quận Tân Bình, HCM, Việt Nam"
- ^ a b "VietJet website: FAQ". Archived from the original on 2007-11-07. http://replay.waybackmachine.org/20071107031133/http://www.vietjetair.com/FAQs.
- ^ "Vietnam has first private owned airline". VietnamNet. 30 November 2007. http://english.vietnamnet.vn/biz/2007/11/757559/.
- ^ "Foreign boss leads Vietnam’s first private airline". http://english.vietnamnet.vn/biz/2008/05/781870/.
- ^ VIETJET AIR to launch the first flight in Quarter IV. March 10, 2009. VietJet Air.
- ^ Leithen Francis (2010-02-11). "AirAsia buying 30% of VietJet". Air Transport Intelligence news. Flightglobal. http://www.flightglobal.com/articles/2010/02/11/338286/airasia-buying-30-of-vietjet.html. Retrieved 2010-05-28.
- ^ VietJet Air seeks to delay launch for 5th time. June 16, 2010. Tuoi Tre.
- ^ Vietjet Air prepare to launch the first flight
- ^ AirAsia muốn rút vốn khỏi Vietjet. VNExpress.net. March 31, 2011. (Vietnamese)
External links
- Official website
- Official website (Vietnamese)
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