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Agreements / Understandings / Contract Signings

Vietjet inks partnership with Qazaq Air

Vietjet and Qazaq Air formally signed an agreement for the creation of a new airline brand, Vietjet Qazaqstan. The parties signed the agreement at the recently held Kazakhstan–Vietnam Business Roundtable. The event was held in the presence of Vietnamese General Secretary To Lam as part of his state visit to the Republic of Kazakhstan. Vietnam’s Ministry of Finance granted a Foreign Investment Registration Certificate to Aviation Holdings, a subsidiary of Vietjet, during the signing. This authorised its acquisition of a strategic equity stake in Qazaq Air., and this move marks a key milestone in Vietjet’s international expansion strategy and aims to deepen bilateral ties between Vietnam and Kazakhstan across aviation, economic, and cultural domains. At the same time, the agreement marks a new chapter for the aviation industry in Central Asia. What happens now? Under this partnership, the two parties will jointly develop and operate Vietjet Qazaqstan, building on the existing Qazaq Air platform. As a new-age low-cost airline, Vietjet Qazaqstan is expected to become a strategic air bridge connecting Kazakhstan with Vietnam, Southeast Asia, and global aviation hubs. The airline will meet the growing travel demand in Kazakhstan while boosting cross-border tourism, trade, and logistics throughout Asia. Likewise, the new partnership aims to support local socio-economic growth through the creation of thousands of high-quality jobs. Concurrently, Vietjet Qazaqstan also signed a Customer Services General Terms Agreement with Boeing to support its future Boeing 737 fleet. Vietjet Qazaqstan is set to operate a fleet of at least 20 Boeing 737 aircraft, enabling a strong expansion of its domestic and international route network. Under the agreement, Boeing will provide comprehensive services including software solutions, spare parts supply, technical assistance, as well as training programs for pilots and engineers. The partnership also covers aircraft modifications and upgrades to ensure efficient and safe operations. Furthermore, the airline will adopt modern operating models, digital management systems, and advanced training programs for its workforce, with ongoing technical and operational support from Vietjet.

Air

Vietjet releases Q1-2025 financials

Vietjet Aviation Joint Stock Company reported a 24 percent year-on-year (YoY) increase in consolidated profit for Q1 2025, driven by strong international expansion and operational excellence, reinforcing the airline’s leadership in regional connectivity.  The airline will soon operate direct flights between Singapore and Phu Quoc by the end of May, adding to the services from Singapore to Ho Chi Minh City, Hanoi, and Da Nang.  This new route adds to, increasing the total number of weekly single-leg flights between Vietnam and Singapore to 78.  According to its Q1 2025 financial statements, Vietjet reported air revenue of VND17.92 trillion, with a pre-tax profit of VND820 billion, marking a 25 percent increase YoY.  Consolidated revenue totalled VND17.952 trillion while pre-tax profit was of VND836 billion, up 24 percent YoY. Ancillary revenue reached over VND6.223 trillion in Q1 2025, accounting for more than 35% of Vietjet’s total revenue. As of 31st March, Vietjet's total assets reached VND98.766 trillion, with a debt-to-equity ratio of 2.12 and a liquidity ratio of 1.5, maintaining a safe level within the aviation industry.  A busy first quarter In the first three months of 2025, Vietjet operated nearly 38,700 flights and transported over 6.87 million passengers, representing YoY growth of more than 12 percent and nine percent, respectively.  The airline operated a total of 137 routes, including 40 domestic and 97 international routes. In Q1-2025, Vietjet added two new aircraft, expanding its fleet to 106 of the most modern aircraft in the region.  The airline reported strong operational metrics with a seat load factor of 87 percent and a technical reliability rate of 99.72 percent.   Vietjet also introduced four new international routes connecting Vietnam’s Hanoi and Ho Chi Minh City with major cities in China (Beijing, Guangzhou) and India (Bengaluru, Hyderabad), further strengthening connectivity and expanding growth opportunities in key Asian markets.  Additionally, the airline announced two upcoming direct routes: Phu Quoc—Singapore, set to launch on 30 May 2025, and Ho Chi Minh City—Auckland (New Zealand), expected to begin in September 2025. Highlights from the quarter Vietjet began 2025 with its inaugural flight to the United States, leading to strategic partnership discussions with key partners worth US$14 billion.  Combined with existing deals with its longstanding partners such as Boeing, GE, Pratt & Whitney, and others, Vietjet’s total cooperation value now approaches US$50 billion.  The airline also signed a US$300 million aircraft financing agreement with Carlyle Aviation Partners. Beyond business performance, Vietjet delivered over 60 tonnes of humanitarian aid to Myanmar and partnered with a leading bank to construct 500 homes for low-income families in Vietnam.  On the innovation and service front, Vietjet’s SkyJoy loyalty program won “Best Use of Digital Technology” at the 2025 Asia Pacific Loyalty Awards.  The airline also received three global HR excellence awards and was named “World’s Best Ultra Low-Cost Carrier 2025” and one of the world’s safest airlines by AirlineRatings.

Airlines and Aviation

Vietjet starts direct flights between Hanoi and Shanghai

  Vietjet has officially launched a new direct route between Hanoi and Shanghai, marking a significant addition to its growing international flight network. This new daily service is part of the airline’s rapid expansion in China, including four new routes from Hanoi and Ho Chi Minh City to both Beijing and Guangzhou. Vietjet Vice President Nguyen Duc Thinh said: “This new service reflects our continued commitment to providing travelers with more convenient and affordable flight options to Vietnam from key destinations around the world. With five new routes between Vietnam and China launched this year alone, we are steadily expanding our international presence and opening new horizons for global connectivity.” Flash sale on May 5, offering 55% off To kick off the summer travel season, Vietjet will launch a one-day flash sale on May 5, offering 55% off Eco-class tickets (*) using the promo code SUPERSALE55, valid for travel between May 15 and November 30, 2025 (**). Customers who purchase tickets between now and May 18, 2025, will also receive VND100,000 (approx. INR 325) e-vouchers (***), which can be redeemed on their next booking. Additionally, Vietjet continues to offer tickets starting from INR11 plus taxes and fees (*) every Friday for international flights from India to Vietnam The new route to China is positioned as a convenient option for travellers heading to Shanghai and even to Beijing, Guangzhou, Xi’an, and Chengdu via Hanoi and/or Ho Chi Minh City, particularly for passengers from India. With Vietjet’s expanding network and competitive fares, these routes offer greater flexibility and more seamless connections for Indian travellers from New Delhi, Mumbai, Ahmedabad, Bengaluru, Hyderabad, Kochi to Vietnam and across Asia-Pacific. At the same time, Vietjet has strengthened its international flight network with the successful launch of non-stop services between Vietnam and Japan, connecting Ho Chi Minh City to Nagoya and Fukuoka. This expansion follows the introduction of direct flights from Hyderabad and Bengaluru to Ho Chi Minh City last month, along with four new China routes linking Hanoi and Ho Chi Minh City with Beijing and Guangzhou. Vietnam remains a top destination in Southeast Asia, known for its safety, warm hospitality, and diverse cultural and natural attractions. As the airline continues to modernize its fleet and expand its international footprint, Vietjet reaffirms its position as one of Asia-Pacific’s leading new-age carriers, making travel to Vietnam and beyond more accessible than ever.    

Airlines and Aviation

Vietjet expands fleet with an Airbus A321neo ACF aircraft

Vietjet recently welcomed a brand-new Airbus A321neo ACF aircraft with registration number VN-A516.  The new aircraft landed at Tan Son Nhat International Airport in Ho Chi Minh City on Friday, 25th April, following its delivery flight from Hamburg, Germany.  Set to be deployed during Vietnam’s second-largest national holiday period this week, the commemoration of the 50th anniversary of Reunification Day combined with Labor Day, the new addition boosts Vietjet’s capacity to meet the surge in travel demand.  This is the third new aircraft Vietjet has added to its fleet since the start of 2025, and the airline plans to continue receiving new aircraft from Airbus and Boeing throughout the year, reinforcing its commitment to operating one of the most dynamic and efficient fleets in the region. A timely addition The latest addition to the Vietjet fleet could not have come at a better time as the airline also launched several new direct routes connecting Ho Chi Minh City with Nagoya and Fukuoka in Japan, offering passengers more travel options.  Singapore-based travellers, in particular, can conveniently fly from Singapore to Ho Chi Minh City for a quick getaway before continuing on to Japan.  These developments mark a significant milestone in Vietjet’s 2025 expansion, which also includes new services to Singapore, India, and China, all aimed at improving travel convenience and fostering cultural and economic exchange across the Asia-Pacific region.

Airlines and Aviation

Vietjet Air and AV AirFinance sign USD 300 million deal to boost fleet expansion

Vietjet Air and AV AirFinance have signed a financial agreement totaling US$300 million. The signing ceremony took place in the presence of Vietnam’s Deputy Prime Minister Ho Duc Phoc and other senior Vietnamese government officials, as part of an official mission aimed at strengthening U.S.–Vietnam economic and trade relations. The agreement is part of a broader series of aircraft financing deals totaling over US$4 billion that Vietjet has secured with leading U.S. financial institutions. These commitments aim to support Vietjet’s new fleet development plan, with the projected delivery of nearly 300 aircraft between 2025 and 2027. Stephen Murphy, CEO of AV AirFinance, said: “We are delighted to be a long-term strategic partner of Vietjet. This new commitment reflects our strong relationship and willingness to support Vietjet’s resurgent growth in the Asia-Pacific region via new generation aircraft.” In 2025, Vietjet will begin taking delivery of the first batch of Boeing 737 MAX aircraft from its landmark order of 200 aircraft, valued at over US$24 billion. The deal was originally announced on February 27, 2019, in Vietnam, in the presence of U.S. President Donald Trump. As part of its global growth strategy, the airline is currently in discussions to further expand this historic order. In addition to its collaboration with Boeing, Vietjet has established long-term strategic partnerships with several major U.S. corporations, including GE, Pratt & Whitney, and Honeywell, with total contract values reaching approximately US$50 billion. Ongoing negotiations are expected to add a further US$14 billion. Notably, Vietjet’s engine and technical service agreements with GE and Pratt & Whitney alone now exceed a combined value of US$10 billion. The airline is also deepening its technology partnerships with leading U.S. firms such as Microsoft, Apple, and Google, while exploring collaboration with SpaceX to integrate advanced technologies across its fleet. These high-value contracts are poised to contribute significantly to reducing the trade imbalance between Vietnam and the United States in the near future. Dr. Nguyen Thi Phuong Thao, Chairwoman of Vietjet, congratulated the signing event and affirmed: “I am steadfast in my commitment to working tirelessly and fostering global partnerships that help bridge cultures, economies, and technologies between Vietnam, the United States, and the wider world.” With a strategic focus on developing a modern fleet and a global flight network, Vietjet currently operates a fleet of over 115 new, fuel-efficient aircraft, with more than 400 additional aircraft on order. It has been solidifying its position as the airline with the most extensive flight network between India and Vietnam, operating 10 direct routes with 78 flights per week. This network connects New Delhi, Mumbai, Ahmedabad, Kochi, Hyderabad, and Bengaluru, to key Vietnamese hubs—Ho Chi Minh City, Hanoi and Da Nang. Indian travellers can also take advantage of Vietjet’s international connections to popular destinations, including Bali, Kuala Lumpur, Singapore or major cities in Australia and Northeast Asia. AV AirFinance was established by a team of experienced industry professionals together with KKR and focuses on arranging financing for commercial aircraft to airlines, lessors, cargo operators and investors.  

Airlines and Aviation

Vietjet launches four new Vietnam-China routes

Vietjet has launched four new non-stop services connecting Hanoi and Ho Chi Minh City in Vietnam to Beijing and Guangzhou in China. These routes mark a key milestone in Vietjet’s continued expansion in 2025, which also includes other new routes to India, Japan, and Singapore, highlighting the airline’s robust growth and commitment to strengthening international connectivity. The airline is offering a limited-time promotion from now to April 5, 2025, with Eco-class fares starting as low as INR11 plus taxes and fees across all routes. This incredible deal applies to flights scheduled between April 15, 2025, and March 28, 2026 (exclusive of public holidays), with bookings available on www.vietjetair.com or the Vietjet Air mobile app. The new Vietnam-China routes include daily services from Ho Chi Minh City to Beijing and Guangzhou, as well as from Hanoi to Guangzhou. Meanwhile, the Hanoi-Beijing route initially operates three times a week before transitioning to daily service from April 27, 2025. Additionally, a new Hanoi-Shanghai service will commence on April 29, 2025, offering daily flights. Vietjet Vice Chairwoman Nguyen Thanh Ha said, “Vietjet is excited to launch four new routes from Vietnam to Beijing and Guangzhou as part of our ongoing strategy to expand our flight network. With this expansion, we will continue to provide affordable and convenient travel options for both locals and tourists, further enhancing connectivity across Asia.” These new routes are part of Vietjet’s broader international expansion from its key Vietnamese hubs in 2025. Since mid-March, the airline has introduced direct flights from Hyderabad and Bengaluru to Ho Chi Minh City, strengthening its operations in India. Additional services from Ho Chi Minh City to Nagoya and Fukuoka in Japan will commence in late April, followed by a new route connecting Phu Quoc, Vietnam’s largest island and renowned resort town, with Singapore at the end of May.      

Airlines and Aviation

Vietjet operates two relief flights transporting Vietnamese rescue teams to Myanmar

  Vietjet operated two special relief flights, VJ2875 and VJ2877, using an Airbus A330 and an A321 to transport Vietnamese rescue teams to Myanmar following the devastating earthquake. In support of the emergency response, the airline facilitated the swift deployment of relief personnel from the Vietnamese Ministry of Public Security and Ministry of National Defense. The two flights departed from Hanoi’s Noi Bai International Airport to Yangon on March 30. Vietjet ensured the rapid deployment of these flights by expediting flight permits and technical preparations. Its experienced crew and staff have been assigned to assist the relief mission, reinforcing the airline’s commitment to humanitarian aid. The flights transported 106 rescue and relief personnel from the Vietnamese armed forces, along with trained search-and-rescue dogs and over 60 tons of essential aid supplies, including medical equipment and food, to support earthquake relief efforts in Myanmar. Vietjet CEO Dinh Viet Phuong said: “Vietjet is always ready for special missions. We swiftly completed all necessary preparations and successfully operated two flights to transport emergency rescue teams from the Ministry of Public Security and the Ministry of National Defense to Myanmar, providing timely support for earthquake relief efforts.” Upon landing at Yangon Airport, Myanmar, rescue personnel from the Vietnamese armed forces, alongside Vietjet staff, immediately begin unloading and transporting essential supplies to designated relief sites. Police and military officers also take part in search-and-rescue operations, provide medical assistance, and support recovery efforts in the aftermath of the earthquake. A powerful 7.7-magnitude earthquake struck Myanmar on March 28, causing widespread devastation. The disaster has claimed over 1,600 lives, injured nearly 3,500 people, and left hundreds missing. Strong tremors damaged homes, collapsed bridges, and disrupted roads across the country, with shaking also felt in Thailand and Vietnam. Vietjet has a strong track record of humanitarian missions, embodying a spirit of compassion and solidarity. The airline has operated numerous relief flights, including transporting aid and rescue teams for the 2018 Indonesia earthquake and tsunami, typhoon Haiyan in the Philippines in 2013, and pandemic response efforts. Throughout the COVID-19 pandemic, Vietjet swiftly mobilized flights carrying healthcare workers, police, and military forces. Committed to community support, charitable initiatives remain at the heart of Vietjet’s mission. Since launching the New Delhi-Ho Chi Minh City route in 2019, Vietjet has pioneered in expanding air links between India and Vietnam, operating over 8,300 flights and transporting nearly 1.62 million passengers. The introduction of new direct flights is expected to boost tourism and trade among Asian regions, offering travelers from India more affordable options to explore Vietnam and beyond. Indian travelers can take advantage of Vietjet’s international connections to popular destinations, including Bali, Kuala Lumpur, Singapore or major cities in Australia and Northeast Asia.    

Airlines and Aviation

“Take Off to Thailand with Vietjet” promotion launches 

Explore the beauty of Thailand’s summer with affordable flights and unbeatable deals, Vietjet Thailand launches ‘Take Off to Thailand with Vietjet’ promotion, with fares starting from INR 8,900 (inclusive of taxes and fees) on daily direct flights between Mumbai (Chhatrapati Shivaji Maharaj International Airport) – Bangkok (Suvarnabhumi), domestic connecting flights to Thailand’s popular destinations—Phuket, Chiang Mai, and Krabi (via Bangkok, with check-through baggage service)—and the airline’s connecting international routes—Da Nang, Phu Quoc (Vietnam), Phnom Penh and Taipei (via Bangkok, with a convenient stopover and check-through baggage service). Book from now until March 30, 2025, for travel between May 1 – December 31, 2025. The special promotional tickets are applied to Vietjet Thailand’s daily direct flight services between Mumbai (Chhatrapati Shivaji Maharaj International Airport) and Bangkok (Suvarnabhumi). Additionally, passengers can conveniently book domestic connecting flights from Mumbai to Thailand’s popular destinations—Phuket, Chiang Mai, and Krabi—via Bangkok with a seamless check-through baggage service. The airline also offers international connecting flights from Mumbai to Da Nang, Phu Quoc (Vietnam), Phnom Penh, and Taipei (via Bangkok), ensuring a smooth stopover with check-through baggage service. The promotional fares are also available on all other distribution channels, including www.vietjetair.com, mobile app “Vietjet Air”, via Facebook at www.facebook.com/VietJetThailand by clicking the “Booking” tab, as well as travel agencies and booking offices. Payment can be easily made with international debit/ credit cards. Bangkok, the vibrant capital of Thailand, offers a captivating mix of tradition and modernity. Visitors can marvel at iconic landmarks like the Grand Palace and Wat Arun while immersing themselves in the lively atmosphere of markets such as Chatuchak, night markets, and floating markets. Renowned for its world-class street food, including Pad Thai and mango sticky rice, the city also boasts exciting nightlife, diverse shopping experiences, and impressive hospitality. Whether for leisure or business, Bangkok remains an alluring destination. For travellers looking to explore beyond Bangkok, Pattaya is an easily accessible and exciting destination, just a short trip away. Whether for its beautiful beaches, vibrant nightlife, or cultural attractions, Pattaya has wonders for visitors. Moreover, Vietjet Thailand's extensive domestic and international network provides easy connections to other top destinations in Thailand, including Phuket, Krabi, Chiang Mai, and many international routes, including Da Nang, Phu Quoc and Taipei. Named the 'Fastest Growing Airline Brand – Thailand, 2024' by Global Brand Awards, the airline continues to expand its modern fleet of Airbus A320 and A321 aircraft. Also, awarded 'Most Passenger-Friendly Cabin Crew – 2024' by International Finance Magazine, the airline upholds its values of being 'Friendly & Fun,' while ensuring 'Safety,' 'Punctuality,' and 'Affordable Pricing.' Book your Vietjet Thailand flight today and experience its best service, ensuring a seamless and enjoyable flight from Economy to SkyBoss class. Indulge in authentic Thai traditional meals and beverages onboard, offering an authentic taste of the region. The airline's dedicated cabin crew provides exceptional hospitality, ensuring utmost comfort throughout your journey. Plus, enjoy a range of additional services at great prices when you book, enhancing your travel experience.    

Agreements / Understandings / Contract Signings

Sabre Corporation announces new distribution agreement with Vietjet

Global traveltech developer Sabre Corporation announced a new distribution agreement with Vietnamese new-age airline Vietjet Air today, 20th March. This alliance marks an important milestone, as content for the airline which is expanding its flight network throughout the Asia Pacific will now be available through Sabre’s global travel marketplace for the first time. Sabre Travel Solutions vice-president for agency sales in the Asia Pacific Brett Thorstad said: “The integration of Vietjet’s content into Sabre’s platform is set to provide significant benefits for the carrier themselves as well as travel agencies and travellers, fostering greater connectivity and contributing to the continued growth of the travel industry in Southeast Asia and beyond.” With this new agreement, Sabre-connected travel agencies can now seamlessly book Vietjet flights, providing their customers with greater access to a carrier that continues to redefine low-cost travel in the region. What’s in it for Vietjet? Through this agreement, Vietjet will be able to distribute its fares and offers globally through Sabre’s Global Distribution System (GDS).  This will enhance the breadth of content available to Sabre-connected agencies, enabling them to better serve their customers with more flight choices and competitive pricing from one of Southeast Asia’s most dynamic airlines. Vietjet vice-president Nguyen Thanh Son said: “By making our content available through the Sabre distribution network, we are reaching more travellers globally. The agreement will enhance our ability to offer competitive fares and extensive route options to more passengers around the world.” Vietjet currently flies to around 100 destinations, as well as having codeshare partnerships with other leading airlines.  The airline currently has orders with leading aircraft manufacturers worldwide and is continuously receiving new aircraft to expand its global flight network. 

Airlines and Aviation

Vietjet launches direct flights from Hyderabad & Bengaluru to Vietnam

Vietjet is further strengthening its presence in India with the launch of new direct flights connecting Hyderabad and Bengaluru to Ho Chi Minh City, Vietnam’s economic powerhouse, on March 18 and 19, 2025, respectively. These new routes mark a significant milestone in Vietjet’s commitment to expanding its global network while enhancing connectivity between India and the Southeast Asia region. To celebrate the launch, Vietjet is running two special promotions from now to March 24, 2025. For the Hyderabad/Bengaluru-Ho Chi Minh City routes, the airline offers tickets starting from INR11 plus taxes & fees for flights between June 1 and October 15, 2025 (*). Additionally, flyers can enjoy a discount of up to 20% (**) with the promo code “HOLIINDIA” on other India-Vietnam routes, for flights between April 1 and September 30, 2025 (*). The two new routes are expected to provide Indian travelers with seamless access to Vietnam’s largest metropolis. Located in Southern Vietnam and at the heart of Southeast Asia, Ho Chi Minh City stands as a dynamic economic hub, renowned for its vibrant urban energy, thriving business landscape, and world-famous street-food scene.  Both Hyderabad, a key economic and technology center, and Bengaluru, a major IT and business hub, are vital additions to Vietjet’s operations in India. With the new services, Vietjet is solidifying its position as the airline with the most extensive flight network between the world’s most populous country and Vietnam, operating 10 direct routes with 78 flights per week. This network connects New Delhi, Mumbai, Ahmedabad, Kochi, Hyderabad, and Bengaluru, to key Vietnamese hubs—Ho Chi Minh City, Hanoi and Da Nang. Since launching the New Delhi-Ho Chi Minh City route in 2019, Vietjet has pioneered in expanding air links between India and Vietnam, operating over 8,300 flights and transporting nearly 1.62 million passengers. The introduction of new direct flights is expected to boost tourism and trade among Asian regions, offering travelers from India more affordable options to explore Vietnam and beyond. Indian travelers can take advantage of Vietjet’s international connections to popular destinations, including Bali, Kuala Lumpur, Singapore or major cities in Australia and Northeast Asia. (*) Excluding public holidays and peak travel periods (**) Excluding taxes and fees New India–Vietnam routes information (All times are in local time, 24-hour format)   Hyderabad (HYD) – Ho Chi Minh City (SGN) route (from March 18, 2025) Sector Flight number Departure - Arrival times Frequency HYD–SGN VJ1804 23:35 - 05:30 (+1) Tue, Sat SGN–HYD VJ1803 19:40 - 22:35 Bengaluru (BLR) – Ho Chi Minh City (SGN) route (from March 19, 2025) Sector Flight number Departure - Arrival times Frequency BLR–SGN VJ1802 23:30 - 05:55 (+1) Mon, Wed, Fri SGN–BLR VJ1801 19:10 - 22:30  

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