The aviation sector is forecast to achieve the strongest recovery in the second quarter of this year. Meanwhile, in the stock market, many aviation stocks have surged. 

Twenty-three airlines, including three domestic carriers (Vietnam Airlines, Vietjet Air and Bamboo Airways) have resumed flights between Vietnam and 20 countries and territories, according to the Civil Aviation Authority of Vietnam (CAAV).

Several airlines have appealed to the Ministry of Finance (MoF) and the Ministry of Transport (MoT), calling for favourable policies amid mounting fuel prices.

Vietnamese airlines have seen a surge of 441 per cent in international passengers but a decline in domestic passengers in the first quarter of 2022, according to the Civil Aviation Authority of Vietnam (CAAV).

The Russia-Ukraine military conflict has caused a significant impact on the Vietnamese civil aviation sector, with carriers struggling to cope with soaring costs, according to the Civil Aviation Authority of Vietnam.

The signing ceremony of partnership for authorized international sales representative between Gulfstream and Sun Air was held at Capella Hanoi hotel, marking a milestone for a new era in the luxury aviation industry in Vietnam.

Vietnam’s aviation industry is targeting about 43 million passengers in 2022, including eight million international tourists, or around 50 per cent of pre-pandemic numbers, according to the Civil Aviation Authority of Vietnam.

The reopening of international flights to Vietnam after more than one year of closure, coupled with the country’s bright prospect for economic recovery, will help accelerate the inflow of foreign direct investment (FDI).

Airlines are beginning to show clear signs of recovery, according to the securities firm Viet Capital Securities (VCSC).

Vietnam Airlines, Vietjet Air and Bamboo Airways are set to resume more domestic and international air routes, add flights and launch new services to meet the rising travel demand as the country will fully reopen tourism on March 15.

Vietnamese air carriers such as Bamboo Airways, Vietjet Air or Vietravel Airlines are recruiting pilots and flight attendants after resumption of international air routes.

Vietnamese and foreign airlines are now allowed to operate between Vietnam and other countries and territories according to signed bilateral and multilateral aviation agreements.

The Civil Aviation Authority of Vietnam (CAAV) on February 24 officially issued a press release regarding the impact of the Russia – Ukraine situation on Vietnamese airlines’ international routes.

The aviation industry in Vietnam is expected to make a speedy recovery as more and more domestic and international travelers book flights to various destinations.

The Civil Aviation Authority of Viet Nam (CAAV) has sent an official dispatch to the Ministry of Transport (MoT), urging the ministry to consider granting aviation licenses to new airlines.

New-aged carrier Vietjet and Lufthansa Technik have signed an agreement at Singapore Airshow to adopt AVIATAR’s Technical Logbook, the seamless digital pilot-to-maintenance collaboration application.

A total of 19 flight routes between Vietnam and other countries have resumed operations since the pilot programme to bring back international flights starting from the beginning of 2022, according to the Civil Aviation Authority of Vietnam (CAAV).

About 153,000 foreign passengers flew from/to Vietnam from the time the country launched a pilot programme to resume international flights in January to February 14, according to the Civil Aviation Authority of Vietnam.

The CAAV has asked the Vietnam Air Traffic Management Corporation to issue a Notice To Airmen on the lifting of all restrictions on international flights from February 15, returning to the normal situation as before the outbreak of COVID-19.

In the early days of 2022, Vietnam’s airports were packed with passengers, which was good news for the local aviation industry and a positive sign for strong economic recovery.