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HANOI: Vietnam Airlines plans to sell 11 Airbus A321 aircraft through an auction, as the Southeast Asian country's flag carrier struggles with the economic fallout of the coronavirus pandemic.
Airlines catch glimpse of light at the end of tunnel 08:00 | 08/04/2021
While some low-cost airlines are insisting they made some remarkable gains in 2020, accelerating plans to open international routes are to further help other struggling Vietnamese airlines that continue to seek financial support to get through the heavy losses forced on them by pandemic restrictions.
Vietjetâs forced focus on the domestic arena last year has in part paid off financially. Photo: Duc Thanh
In total, the Vietnamese aviation sector reported losses of VND18 trillion ($782.6 million) from their transportation operations last year, while the sectorâs revenue declined VND100 trillion ($4.35 billion) in comparison to the previous year.