Budget Carrier's Rise Shakes Up Vietnam's Airline Market- Nikkei Asian Review
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mer Budget carrier's rise shakes up Vietnam's airline market- Nikkei Asian Review
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Vietnamese budget carrier VietJet is seeking to expand its international services. A VietJet aircraft is seen at Tan Son Nhat International Airport in Ho Chi Minh City.
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HANOI -- Vietnam's rapidly growing air travel market has a young budget airline that is seriously giving the country's flag carrier, Vietnam Airlines, a run for its money. The low-cost carrier VietJet Air began flying in December 2011 and is aggressively expanding its operations and steadily increasing its market share. Backed by the government's policy of promoting competition, the company has decided to begin flights to Singapore and is considering new services to such destinations as Taiwan and Hong Kong. In response, Vietnam Airlines plans to raise capital with an initial public offering, possibly in September, to expand and upgrade its fleet. VietJet will start new flights
