SmartLynx Airlines, a Latvia-based ACMI and charter specialist, has entered into a wet lease agreement with Vietnam Airlines, extending its growing presence in the Southeast Asian market. Although the aircraft type and duration of the agreement have not been disclosed, the deal signifies further expansion of SmartLynx’s global leasing footprint.
Vietnam Airlines has received regulatory approval to issue 900 million additional shares to the public, a move that will raise its charter capital by $344 million, bringing the total to approximately $1.2 billion. This capital injection is part of a broader financial restructuring effort aimed at strengthening the airline’s balance sheet following pandemic-related challenges.
Vietnam Airlines and Saudia have established a new codeshare partnership, connecting major cities in Vietnam and Saudi Arabia. Under this agreement, travelers can now book single-itinerary tickets between Hanoi and Ho Chi Minh City to Jeddah and Riyadh, with shared flight numbers and streamlined coordination between the two flag carriers.
Vietnam Airlines has disclosed in its 2024 consolidated financial report that it received a $4.1 billion loan from HSBC Vietnam Bank, with an interest rate of 7%. The loan reflects a significant financial move by the flag carrier as it continues efforts to recover from the pandemic’s long-term effects and stabilize its operations.
Vietnam Airlines has outlined an ambitious fleet restructuring plan that includes the retirement of 12 aircraft in 2025, as well as the acquisition of 50 Boeing 737-8 aircraft, with deliveries scheduled from 2030 to 2035. The airline is also actively pursuing additional widebody aircraft for delivery before 2030, as it aims to expand and modernize its fleet to meet long-term demand.
Vietnam Airlines has reported a consolidated profit exceeding $191 million for the first half of fiscal year 2025, signaling a strong operational recovery. The airline now plans a two-phase capital increase strategy aimed at reducing state ownership and reinforcing its financial base to support future growth.
Vietnam Airlines, the national flag carrier of Vietnam, has signed a memorandum of understanding (MOU) with ING, a Netherlands-based global financial institution, to secure funding of up to $1.5 billion. This significant agreement is part of the airline’s broader plan to finance strategic projects, modernize operations, and ensure long-term financial resilience.
Vietnam Airlines is set to finalize a provisional order for 50 Boeing 737 MAX jets that it made in 2023. This substantial order is part of the airline’s broader fleet expansion and renewal plan, which anticipates the need for up to 100 new narrowbody aircraft by 2035. The order is a significant step in Vietnam Airlines’ long-term growth strategy…
Vietnam Airlines has received official shareholder approval to increase its charter capital by $347.1 million, forming a central component of its strategic long-term plan. The capital infusion will support the acquisition of 50 new aircraft, significantly strengthening the airline’s competitive position in both domestic and international markets.
Vietnam Airlines has reported a significant financial rebound for the first quarter of 2025, registering a consolidated pre-tax profit of approximately $138 million. The achievement is further supported by an 11% increase in consolidated revenue, reaching $1.2 billion, signaling a sustained recovery from the post-pandemic period and effective strategic implementation by the airline.
