VABA proposal raising domestic airfare ceiling

VABA proposal raising domestic airfare ceiling

The president of the Vietnam Aviation Business Association (VABA) has proposed to adjust the ceiling fare for domestic airlines to promote the industry's recovery.
Aviation needs boost similar to other industries

Aviation needs boost similar to other industries

The Vietnam Aviation Business Association (VABA) estimates that in the year 2020, domestic airlines bore a loss of more than VND 18,000 bn, a sharp decrease of about VND 100,000 bn in revenue compared to 2019. 
Vietnam's aviation sector bears US$1.6 billion short term, due debts

Vietnam's aviation sector bears US$1.6 billion short term, due debts

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. Of the total debts, state-owned carrier Vietnam Airlines has accounted for VND20 trillion (US$867 million).
An airplane of Vietnam Airlines at the Noi Bai Airport (Photo: VNA)

Aviation market records stable growth

The number of passengers going through Vietnamese airports is estimated to hit 106 million by the end of this year, a rise of 12.9 percent year-on-year, according to the Civil Aviation Authority of Vietnam (CAAV).