LONDON – Over the previous couple of days, the brand new Vietnamese service, Vietravel Airways, has introduced that they’ve been named as Asia’s Main New Airline. On the similar time it has signed a brand new enterprise settlement for air freight all through Vietnam.
Turning into Asia’s Main New Airline
On September 7, Vietravel Airways was named on the WTA (World Journey Awards) Asia and Oceania Gala Ceremony 2022 as Asia’s Main New Airline. It is a enormous achievement for the service given they’ve solely been in operation for a couple of 12 months now.
Their success this 12 months is what led them to being given the award and the details of their success are cited as follows:
- Over 8,000 flight-hours all 100% secure.
- Carrying 1.5 million passengers with better than a 92% load issue.
- A median OTP takeoff fee of 94.2% throughout January to July in 2022.
- Connecting two main cities in Vietnam, Hanoi and Ho Chi Minh Metropolis, to in style vacationer locations.
Picture: Representatives from Vietravel Airways’ administration board and their first award. Picture Credit score: Vietravel Airways
Commenting on their first-ever award, Vietravel’s President and Chief Government Officer, Vu Duc Bien mentioned, “That is the primary award for Vietravel Airways and a milestone in our historical past, marking the popularity and belief of consumers and companions of our choices and dedication.”
“That is additionally an essential premise for us to proceed finishing up our mission in connecting and conquering farther and better locations throughout the globe.”
Including to Bien’s feedback, the WTA’s Founder, Graham Cooke, mentioned, “This would be the driving power for the youngest airline making new strides within the journey of realising its mission of connecting, bringing worldwide associates to the fantastic thing about Vietnam, and conquering new lands with the folks of Vietnam.”
Vietravel Airways air freight settlement
In addition to their first-ever award, on September 8, Vietravel introduced a brand new funding and improvement settlement for cargo air companies throughout Vietnam, named VUAir Cargo.
Alongside Asean Cargo Gateway (ACG), Vietravel with an funding contribution ratio of 51% – 41%, each corporations underneath this new settlement will promote the cargo aviation business throughout Vietnam.
VUAir Cargo will primarily give attention to the transportation of air freight between Vietnam and huge factories throughout Asia, in international locations corresponding to China, Malaysia, Indonesia and Thailand.
VUAir Cargo will function its companies utilizing a fleet of Boeing 737-800 Freighters with the amount of 02 – 04 models throughout their first 12 months with the expectation that the amount will double by the second 12 months.
In the end this settlement will see each Vietravel and ACG change into the primary cargo airline in Vietnam, placing the nation on the worldwide stage for air cargo companies.
Vu Duc Bien says, “The aviation cargo market nonetheless has lots of potential and has not been absolutely exploited. The availability chain is damaged whereas the commodity market in Vietnam, China, international locations in Southeast Asia, Northeast Asia, Europe and the Americas is taken into account to be the quickest rising area with the best annual GDP on this planet.”
“It has the best proportion of working-age inhabitants on this planet. Therefore, manufacturing bases will step by step transfer to this space subsequent to the world’s largest manufacturing facility – China. By way of the evaluation, Vietnam is taken into account a vivid and potential candidate within the manufacturing shift.”
“This might be a possibility for the logistics business usually and air freight specifically to take off within the close to future. For that motive, that is the precise time to construct and promote the primary Air Cargo section in Vietnam, combining ACG’s expertise in logistics and Vietravel Airways’ air transportation.”
An ACG consultant additionally added, “With the aim of assembly and selling the home and worldwide logistics business, particularly with nice potential markets, it means bringing corporations in Vietnam nearer to international market.”
“Moreover, the signing of cooperation settlement with Vietravel Airways is a memorable milestone, bringing the dream of turning into Cargo Airways in Vietnam quickly come true.”
Vietravel have actually had an incredible begin to their operations throughout their first 12 months of service to the Vietnamese aviation business and profitable the award of Asia’s Main New Airline actually does signify that robust begin for the service.
The Award ceremony noticed various awards given, with Singapore Airways profitable as Asia’s Main Airline total.
Additionally, seeing Vietnam starting to enterprise into the air freight business is a welcome sight and with its shut proximity to China, its in a primary place to develop within the international stage for air cargo.