Modernisation helps boost Vietnam Airlines profits
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Vietnam Airlines’ profits saw strong growth last year, as the modernisation and expansion of its long-haul network started paying dividends.
The national carrier achieved an 18.7% traffic increase last year, carrying 20.6 million passengers on more than 133,000 flights. This included more services aboard its new fleet of Airbus A350 and Boeing 787 Dreamliner aircraft.
This helped it increase its revenues by 10% to US$3.45 billion, and its pre-tax profits by an impressive 140% to US$113.7 million.
In 2016, Japan’s ANA finalised an agreement to invest in Vietnam Airlines, and the airline says it now plans to continue its product development and network expansion in future.
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