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AirAsia To Establish Joint Venture Airline In Vietnam


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90 replies to this topic

#41 flee

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Posted 10 February 2010 - 07:37 PM

Yes, I think so - last time Vietnamese govt. did not give their approval. I think the partner is also different this time, and it looks like it may be called AirAsia too, just like the Thai and Indonesia AirAsia JVs.

#42 Naim

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Posted 10 February 2010 - 11:58 PM

Yes, I think so - last time Vietnamese govt. did not give their approval. I think the partner is also different this time, and it looks like it may be called AirAsia too, just like the Thai and Indonesia AirAsia JVs.


Last time got approval, but broke down when partners bickered how to share the cake.

#43 jjfirdaus

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Posted 11 February 2010 - 12:12 AM

Last time got approval, but broke down when partners bickered how to share the cake.


Supposed to be called Vina AirAsia rite...if i'm not mistaken

#44 Mohd Azizul Ramli

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Posted 11 February 2010 - 01:56 AM

I hope this time around it will be smooth sailing till the end. Vietnam is an enormous emerging economy, AirAsia must have a piece of it.

#45 Azri M.

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Posted 11 February 2010 - 06:29 AM

It will be VietJet AirAsia!


"AIRASIA Bhd has bought a 30 per cent stake in Vietjet Aviation Joint Stock Company (Vietjet Air) to set up a a low-cost airline called Vietjet AirAsia.

Vietjet AirAsia will operate both domestic and international flights, AirAsia said in a statement yesterday.

Details on routes, frequencies and launch of flights are being finalised, it added.

Vietjet AirAsia makes Vietnam AirAsia’s fourth country base after Malaysia, Thailand and Indonesia."

http://www.btimes.co...005850/Article/

#46 Kenneth T

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Posted 11 February 2010 - 11:45 AM

Air Asia will probably become the region's best known low cost airlines....

#47 flee

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Posted 11 February 2010 - 11:50 AM

Air Asia will probably become the region's best known low cost airlines....

Yes, I think that if the AirAsia branding is used on all these airlines, the "virtual regional airline" will look very impressive. If you are in Changi, you might think that that is AirAsia's home airport since so many flights arrive and depart from there. To the uninitiated, the subtle differences in the flags on the noses of the aircraft don't mean much to them.

It looks like HKG and TPE are also receiving increasing numbers of AirAsia flights. With VietJet AirAsia, the AirAsia Web will be cast wider and flights to Japan on the A320 will be viable too. So it will add another dimension and AirAsia is truly an ASEAN airline.

#48 Naim

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Posted 11 February 2010 - 12:05 PM

I just wanna go to Hue and Da Nang. :)

#49 flee

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Posted 11 February 2010 - 02:40 PM

Another report on this:

AirAsia buying 30% of VietJet
By Leithen Francis

AirAsia is buying 30% of Vietnamese start-up VietJet, which means the Malaysian low-cost carrier appears to have finally succeeded in its long-held ambition to enter the Vietnamese market.

"The ministry of transportation of Vietnam approved the [30%] share acquisition on 9 February", says AirAsia.

The Vietnamese start-up will be positioned as a low-cost carrier and will be branded VietJet AirAsia and tap AirAsia's expertise to market low-cost flights, it says.

"VietJet is finalising details regarding routes, frequencies and launch of flights," says AirAsia, adding that the Vietnamese joint-venture will operate domestically and internationally.

VietJet has been trying to launch for at least two years but has kept delaying, citing the downturn in the aviation market.

In 2008 it signed a letter-of-intent with GE Commercial Aviation Services for two Boeing 737-700s but later cancelled the deal.

AirAsia, meanwhile, has been trying for years to enter the Vietnamese market in an effort to fulfil the ambitions of AirAsia's founder Tony Fernandes who wants the carrier to be in every major ASEAN market. Besides Malaysia, it already has airlines in Indonesia and Thailand.

In 2007, AirAsia announced it would be establishing an airline in Vietnam in partnership with the country's national shipbuilding company Vinashin.

It held a high-profile press event in which Vietnam's prime minister was present. Any new airline in Vietnam needs prime ministerial approval.

But AirAsia's joint-venture with Vinashin failed to get approval as the government tried to limit the number of air operator certificates issued. This was to protect Vietnam Airlines and, to a lesser extent, Qantas Airways' Vietnamese joint-venture Jetstar Pacific.

Source: http://www.flightglo...of-vietjet.html

#50 Robin

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Posted 11 February 2010 - 07:17 PM

AirAsia sets up Vietnam low-cost airline15:01' 11/02/2010 (GMT+7)

AirAsia,a major low-cost airline in Asia, said it has purchased a 30 percentstake in VietJet Aviation of Vietnam to establish a budget carrierbased in the country.

Posted Image

AirAsia aircraft at Noi Bai International Airport in Hanoi (Photo: VNE)

AirAsia’sVietnam representative office sent out a statement Thursday saying thatthe new carrier will be called VietJet AirAsia.

AirAsia said in a statementlate Wednesday from Kuala Lumpur that the Ministry of Transportation ofVietnam approved the share acquisition on Tuesday, February 9. It didnot reveal how much it paid for the acquisition.

The new carrier will beoperating both domestic and international flights, AirAsia said. It iscurrently finalizing details regarding routes, frequencies and launchof flights.

The formation of the new airline makes Vietnam AirAsia’s fourth country base, following Malaysia, Thailand and Indonesia.

AirAsia said it joined the venture to expand its reach in Vietnam and open the country as another gateway in the ASEAN region.

It added the joint venture“will be tapping be tapping the expertise of both AirAsia and VietJetAir for the successful operation and marketing of low-cost flights.”

Subject to regulatory approval, the venture is expected to start operations either in April or June this year.

VietJet Air was licensed tooperate in December 2007 as a partnership of SOVICO Holdings (anestablished corporation with interests in banking and finance, realestate, plantation and power plants), T&C Group and Ho Chi MinhCity Housing Development Bank, or HDBank.

However, VietJet Air hasnot launched its flights due to fuel price fluctuations and the globaleconomic downturn that began late 2008.

Vietnam has so far approvedthree private airlines namely VietJet Air, Indochina Airlines andMekong Aviation. Indochina Airlines stopped flights in November lastyear due to losses. Mekong Aviation had plans to start operations thisyear on domestic routes but no developments have been seen so far.

Meanwhile, there are no signs of when the national carrier – Vietnam Airlines – would launch low-cost services.



#51 Ruiz Razy

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Posted 12 February 2010 - 10:14 AM

Malaysia, Thailand , Indonesia and Vietnam R in for the Reds...what's next? Philippines will be the next logical move .

#52 Kenneth T

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Posted 12 February 2010 - 02:06 PM

Air Asia, the most truly Malaysian Brand and one of the most successful company :rolleyes:

#53 Pieter C.

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Posted 12 February 2010 - 04:01 PM

Indochina Airlines stopped flights in November lastyear due to losses.


No wonder, I was missing the Czech TSA 737-800 so far...

#54 Waiping

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Posted 12 February 2010 - 06:30 PM

Maybe HAN or SGN - BKI. :yahoo:

#55 Robin

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Posted 17 March 2010 - 01:41 PM

National carrier Vietnam Airlines has requested the government to prevent Malaysian low-cost airline AirAsia from forming a new budget joint-venture in Vietnam.

According to Vietnam Airlines, AirAsia’s acquisition of a 30 percent stake in local VietJet Air last month was only a move to help the Malaysian company enter the domestic market.

As it’s difficult to expand their business to overseas markets, foreign carriers often try to invest in a local carrier, Vietnam Airlines said in a letter to Prime Minister Nguyen Tan Dung.

Although the government has set a 30 percent cap on foreign ownership in a local airline, the loophole is that the regulation applies to all foreign investors, including airlines. Jetstar, and now AirAsia, have taken advantage of the loophole to form joint ventures in Vietnam and this trend is bound to harm the local industry, the national carrier said.

VietJet Air, the first private airline to be licensed in Vietnam, said last month the Ministry of Transport has approved its joint venture with AirAsia.

AirAsia said last month that the new budget airline, VietJet AirAsia, will operate both international and domestic flights starting May.

Analysts said AirAsia’s investment in VietJet Air would help the local airline launch its service soon. VietJet Air received its license in 2007 but has delayed its first commercial flight many times since.

Vietjet AirAsia, if finally established, will compete directly with Jetstar Pacific, the first low-cost airline in the country.

Jetstar Pacific has not raised any objection to the co-operation between VietJet and AirAsia.

Qantas Airways Ltd., Australia’s largest airline, holds a 27 percent stake in Jetstar Pacific.



#56 Tamizi Hj Tamby

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Posted 17 March 2010 - 01:50 PM

Oh boy.. :blink:

#57 flee

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Posted 17 March 2010 - 02:37 PM

Looks like Vietnam Airlines is making Tony Fernandes feel at home - they are behaving exactly the same way as MH is behaving! :rolleyes:

#58 mohd sukri abd hamid

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Posted 17 March 2010 - 05:09 PM

vietnam airlines do the right thing :clapping:

#59 Mohd Azizul Ramli

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Posted 17 March 2010 - 05:32 PM

Looks like Vietnam Airlines is making Tony Fernandes feel at home - they are behaving exactly the same way as MH is behaving!

I concur with you. Same mentality. Sad, isn't it?

I hope VietJet plan goes without much trouble. Once take off, AK must make sure to piss off VN kaw kaw punya!

#60 Pieter C.

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Posted 18 March 2010 - 03:40 AM

vietnam airlines do the right thing :clapping:


Why ? Can you elaborate ? :huh:




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