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News

Vietjet reports a year of success with high

growth and more international routes in 2018

(Ho Chi Minh, April 27, 2018) - Vietjet yesterday reported a year of success at the Annual General Shareholders Meeting (AGM) 2018 of Vietjet Aviation Joint Stock Company (HoSE: VJC – HOSE), with 91.74% shareholders in attendance and high approval ratings for all issues raised at the AGM. According to the report presented by Vietjet Managing Director, Luu Duc Khanh, who spoke on behalf of the Board of Management, the company enjoyed a successful year across all categories. Specifically, Vietjet received 17 aircraft, including the first A321 Neo in Southeast Asia. By continually saving costs efficiently and effectively, Vietjet has maintained the most efficient operating costs in the region. Indicators for operation safety and ground operation were also among the highest in the region. The airline’s technical reliability reached 99.66%, the highest level among the Airbus’ A320/321 fleet worldwide. To continue its expansion of domestic routes as well as penetrating the markets in the North Asia region, up until the end of 2017, Vietjet operated 38 domestic routes and 44 international routes connecting major cities in a part of the world that is home to more than half of the world’s population. In 2017, the company operated 98,805 safe flights, transporting 17.11 million passengers, a 22% increase over 2016. Besides increasing the volume of international passengers and the number of international charter flights, ancillary services also grew in proportion to the number of flights. At the AGM, Vietjet also announced that the airline had surpassed its financial targets. According to the audited and consolidated financial statements of 2017, revenue stood at VND42,303 billion (US$1.92 billion), after-tax profit stood at VND5,073 billion (US$230.59 million), with increases of 54% and 73% respectively over 2016. Earnings per share reached VND11,356 (US$0.52). On February 28, 2017, Vietjet listed its shares on the Ho Chi Minh City Stock Exchange (HoSE) with the Board of Directors’ total commitment in applying international standards in corporate governance, management and information transparency. On the back of these positive business results, the Board of Directors proposed and received approval from the shareholders to increase the dividend payment of 2017 from 50% to 60%. Accordingly, the company advanced a 30% dividend payment in cash and will pay a cash dividend of 10% on May 25. Vietjet will pay a further dividend of 20% by shares.
In 2018, the company has set a target to reach VND50,970 billion (US$2.24 billion) in revenue and VND5,800 billion (US$254.75 million) in profit, with increases of 20.5% and 10% respectively compared to those of 2017. The Board of Directors also submitted a proposal to the shareholders to increase the dividend payment of 2018 to 50%. The aviation market of Vietnam and the region is expected to continue growing strongly in 2018, especially as the economy is forecast to achieve the highest GDP growth ever, and the government is promoting tourism as a key economic sector that will attract millions of tourists to Vietnam. With its expanding fleet and increasing number of new international routes to destinations in countries such as Japan, India and Australia, Vietjet is on its way to becoming a multi-national airline with a global vision and competitive abilities. About Vietjet: Vietjet is the first airline in Vietnam to operate as a new-age airline with low-cost and diversified services to meet customers’ demands. It provides not only transport services but also uses the latest e- commerce technologies to offer various products and services for consumers. Vietjet is a member of the International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. The airline was also named as one of the Top 500 Brands in Asia 2016 by global marketing research company Nielsen, the “Best Asian Low Cost Carrier” at the TTG Travel Awards 2015, which compiles votes from travelers, travel agencies and tour operators in throughout Asia and Asia’s Best Employer Brand by the Employer Branding Institute and World HRD Congress for many years. The airline was also rated as one of the top three fastest growing airline brands on Facebook in the world by Socialbakers. Currently, the airline boasts a fleet of more than 50 aircraft, including A320s and A321s, and operates 350 flights each day. It has already carried more than 50 million passengers and opened 78 routes in Vietnam and across the region to international destinations such as Thailand, Singapore, South Korea, Taiwan, Hong Kong, Mainland China, Malaysia, Indonesia, Myanmar and Cambodia…                                                                                      Looking ahead, the airline plans to expand its network across the Asia Pacific region. To prepare for this plan, Vietjet has signed agreements with the world’s leading aircraft manufacturers to purchase more brand-new and modern aircraft.   For more information, please visit www.vietjetair.com Like Vietjet on Facebook, https://www.facebook.com/Vietjethongkong, follow us on Twitter, @Vietjetvietnam, and watch our videos at https://www.youtube.com/user/Vietjetvietnam   Next News Update  
MissBitchy Created by the SnS Team
Copyright 2018 - 2019 Hi-Tech Development Co., Ltd. All rights reserved  

News

Vietjet reports a year of success with high

growth and more international routes in 2018

(Ho Chi Minh, April 27, 2018) - Vietjet yesterday reported a year of success at the Annual General Shareholders Meeting (AGM) 2018 of Vietjet Aviation Joint Stock Company (HoSE: VJC – HOSE), with 91.74% shareholders in attendance and high approval ratings for all issues raised at the AGM. According to the report presented by Vietjet Managing Director, Luu Duc Khanh, who spoke on behalf of the Board of Management, the company enjoyed a successful year across all categories. Specifically, Vietjet received 17 aircraft, including the first A321 Neo in Southeast Asia. By continually saving costs efficiently and effectively, Vietjet has maintained the most efficient operating costs in the region. Indicators for operation safety and ground operation were also among the highest in the region. The airline’s technical reliability reached 99.66%, the highest level among the Airbus’ A320/321 fleet worldwide. To continue its expansion of domestic routes as well as penetrating the markets in the North Asia region, up until the end of 2017, Vietjet operated 38 domestic routes and 44 international routes connecting major cities in a part of the world that is home to more than half of the world’s population. In 2017, the company operated 98,805 safe flights, transporting 17.11 million passengers, a 22% increase over 2016. Besides increasing the volume of international passengers and the number of international charter flights, ancillary services also grew in proportion to the number of flights. At the AGM, Vietjet also announced that the airline had surpassed its financial targets. According to the audited and consolidated financial statements of 2017, revenue stood at VND42,303 billion (US$1.92 billion), after- tax profit stood at VND5,073 billion (US$230.59 million), with increases of 54% and 73% respectively over 2016. Earnings per share reached VND11,356 (US$0.52). On February 28, 2017, Vietjet listed its shares on the Ho Chi Minh City Stock Exchange (HoSE) with the Board of Directors’ total commitment in applying international standards in corporate governance, management and information transparency. On the back of these positive business results, the Board of Directors proposed and received approval from the shareholders to increase the dividend payment of 2017 from 50% to 60%. Accordingly, the company advanced a 30% dividend payment in cash and will pay a cash dividend of 10% on May 25. Vietjet will pay a further dividend of 20% by shares.
In 2018, the company has set a target to reach VND50,970 billion (US$2.24 billion) in revenue and VND5,800 billion (US$254.75 million) in profit, with increases of 20.5% and 10% respectively compared to those of 2017. The Board of Directors also submitted a proposal to the shareholders to increase the dividend payment of 2018 to 50%. The aviation market of Vietnam and the region is expected to continue growing strongly in 2018, especially as the economy is forecast to achieve the highest GDP growth ever, and the government is promoting tourism as a key economic sector that will attract millions of tourists to Vietnam. With its expanding fleet and increasing number of new international routes to destinations in countries such as Japan, India and Australia, Vietjet is on its way to becoming a multi-national airline with a global vision and competitive abilities. About Vietjet: Vietjet is the first airline in Vietnam to operate as a new-age airline with low-cost and diversified services to meet customers’ demands. It provides not only transport services but also uses the latest e-commerce technologies to offer various products and services for consumers. Vietjet is a member of the International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. The airline was also named as one of the Top 500 Brands in Asia 2016 by global marketing research company Nielsen, the “Best Asian Low Cost Carrier” at the TTG Travel Awards 2015, which compiles votes from travelers, travel agencies and tour operators in throughout Asia and Asia’s Best Employer Brand by the Employer Branding Institute and World HRD Congress for many years. The airline was also rated as one of the top three fastest growing airline brands on Facebook in the world by Socialbakers. Currently, the airline boasts a fleet of more than 50 aircraft, including A320s and A321s, and operates 350 flights each day. It has already carried more than 50 million passengers and opened 78 routes in Vietnam and across the region to international destinations such as Thailand, Singapore, South Korea, Taiwan, Hong Kong, Mainland China, Malaysia, Indonesia, Myanmar and Cambodia…                                                                                      Looking ahead, the airline plans to expand its network across the Asia Pacific region. To prepare for this plan, Vietjet has signed agreements with the world’s leading aircraft manufacturers to purchase more brand-new and modern aircraft.   For more information, please visit www.vietjetair.com Like Vietjet on Facebook, https://www.facebook.com/Vietjethongkong, follow us on Twitter, @Vietjetvietnam, and watch our videos at https://www.youtube.com/user/Vietjetvietnam   Next News Update