Vietjet and Qazaq Air’s Strategic Partnership
On May 6th, Vietjet and Qazaq Air announced their strategic collaboration, preparing for the launch of Vietjet Qazaqstan Airlines. Vietnam’s Ministry of Finance has granted Aviation Holdings, a subsidiary of Vietjet, owned by billionaire Nguyen Thi Phuong Thao, foreign investment certification to proceed with the acquisition of a strategic stake in Qazaq Air.
As per the partnership agreement, the two airlines will jointly develop and operate Vietjet Qazaqstan, previously known as Qazaq Air. The new airline, Vietjet Qazaqstan, is envisioned as a next-generation, low-cost carrier, serving as a strategic aviation bridge between Kazakhstan, Vietnam, Southeast Asia, and key international aviation hubs.
Vietjet Qazaqstan is expected to operate a fleet of at least 20 Boeing 737 aircraft, expanding its domestic and international network. This expansion follows the success of Thai Vietjet Air, which currently holds a significant domestic market share in Thailand.
Thai Vietjet Air, a subsidiary of Vietjet with a 9% stake as of December 31, 2024, commenced commercial passenger flights in November 2014, connecting Bangkok’s Suvarnabhumi International Airport with Da Nang, Vietnam. It has since expanded its network to cover both domestic Thai destinations and international locations, including China, Vietnam, Singapore, and more.
Thai Vietjet Air boasts a significant domestic market share in Thailand.
As of 2023, Thai Vietjet Air transported over 8.6 million passengers, a figure that rose to 9.5 million in 2022. With a strong focus on punctuality, the airline consistently achieves top rankings in on-time performance within the Thai market.
The Thai aviation market is served by six airlines, including full-service carriers and low-cost competitors. Thai AirAsia leads the domestic market with a 36.9% share, followed by Nok Air, Thai VietJet Air, and others. This strategic partnership between Vietjet and Qazaq Air aims to replicate and build upon the success of Thai Vietjet Air, offering efficient and affordable travel options to passengers.
The Vice-Premier’s Tech Tour: In Talks with Boeing, SpaceX, and Apple, as Vietjet Deal Anticipates Million-Dollar Contracts
The U.S.-Vietnam business meetings are set to take place following the Deputy Prime Minister’s engagement with the U.S. Treasury Secretary. This highly anticipated event promises to be a pivotal moment for both nations, offering opportunities for economic growth and collaboration. With a focus on strengthening ties and exploring new avenues of cooperation, these meetings will undoubtedly shape the future of bilateral relations between the two countries.
The Billionaire’s Airline: Is Vietjet About to Seal a $200 Million Aircraft Deal in the US?
In January, billionaire Nguyen Thi Phuong Thao met with several strategic partners in the United States.
The New Tan Son Nhat Airport Terminal: A Behind-the-Scenes Look Before Welcoming Vietnam Airlines and Vietjet.
The Tan Son Nhat T3 Terminal construction project is in its final stages and is set to be completed before the 30th of April this year.
Vietjet Achieves Highest Business Performance Since the Post-Covid-19 Era
Expanding its international flight network and catering to the travel demands of passengers with an ever-growing modern fleet, Vietjet Aviation Joint Stock Company (HOSE: VJC) witnessed remarkable revenue and profit growth in Q4 and throughout 2024.
The Rise of Vietnamese Aviation: Two Local Carriers Soar into the ASEAN Top Ranks, Surpassing National Carriers of Thailand, Singapore, and Malaysia
The two leading Vietnamese airlines boast an extensive flight network, offering passengers a vast range of destinations and an unparalleled travel experience. With a strong presence in the aviation industry, these airlines have established themselves as key players, providing convenient and efficient travel options to locals and international travelers alike. Their comprehensive route maps showcase a commitment to connecting people and places, ensuring that Vietnam remains a well-connected and accessible destination.
