If a proposed airfare scheme is applied, the fees will make it impossible for low-income earners to travel by air.

National flag carrier Vietnam Airlines successfully piloted the IATA Travel Pass on a flight from Hanoi to London on September 2 with the participation of 18 passengers.

The total overdue debt incurred by Vietnam Airlines (VNA) has reached VND11.338 trillion. The airline still cannot pay for aircraft leasing, fuel, engine repair and flight services to its foreign partners.

The Civil Aviation Authority of Vietnam (CAAV) recently sent a dispatch asking domestic airlines to suspend flights to and from airports in several southern cities and provinces that are under social distancing measures from July 19.

After enduring months of losses, state-owned transport giants Vietnam Railways and Vietnam Airlines are pinning hopes on a financial lifebuoy to recover from the incurred losses – but even significant support may not be enough for them.

At the General Meeting of shareholders held on Wednesday morning, Vietnam Airlines JSC (HVN) approved a plan of raising VND8 trillion (US$346.2 million) through share issuance. 

Vietnam Airlines announced on July 12 that it will reopen international routes from the country to a number of destinations in Asia, Europe, and Australia between July and October.

The total short-term and due debts of Vietnam Airlines, Vietjet and Bamboo Airways have reached VND36 trillion and they are facing a shortage of cash flows, according to the Vietnam Aviation Business Association (VABA).

Regular international flights can be gradually resumed by the end of 2021 as the COVID-19 situation will improve in the second half of the year when vaccination is accelerated in Vietnam and in the world.

According to the Vietnam Aviation Business Association (VABA), Vietnamese airlines have beared short-term debts and due debts up to VND36 trillion (US$1.6 billion) since the Covid-19 outbreak in the country. 

Three credit institutions have committed to sponsoring the national flag carrier Vietnam Airlines to get loans worth 4 trillion VND (173.67 million USD), an official from the State Bank of Vietnam (SBV) said on June 21.

The Ministry of Planning and Investment (MPI) proposed plenty of solutions aiming to save airlines from bankruptcy.

National flag carrier Vietnam Airlines has received a Foreign Air Operator Certificate (FAOC) issued by the Transport Canada, allowing it to operate flights to the North American country.

Vietnam Airlines is in an extremely difficult situation as it continues incurring losses. Private airlines, including Vietjet Air and Bamboo Airways, have also been affected financially.

Due to the impact of the Covid-19 epidemic, airline passenger numbers have dropped sharply, and as a result, many planes have been abandoned at the airport.

Vietnam Airlines has been officially licensed by US authorities to offer 12 flights from the US to Vietnam for Vietnamese citizens in 2021.

The national flag carrier Vietnam Airlines has announced the plan to sell 11 A321ceo aircraft made in 2004, 2007 and 2008.

Vietnam Airlines has signed an agreement with the International Air Transport Association (IATA) to test the IATA Travel Pass, a type of electronic health passport application.

Despite Vietnamese companies’ total net profit growing 81 percent year-on-year in the first quarter, many still posted big losses.

Vietnam Airlines incurred after-tax losses of nearly VND5 trillion in the first quarter of this year, surging over 90% year-on-year and the highest-ever losses recorded for a quarter, as the COVID-19 pandemic is emerging increasingly complicated.