Boeing · Japan · Bangkok Post
VietJet commits to new aircraft despite turbulence
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Despite the ongoing Middle East war and unfavourable market conditions, VietJet Thailand remains committed to replacing its fleet with 50 new Boeing 737-8 planes over three years, while accelerating plans to phase out its existing Airbus jets to streamline costs.
Key facts
- Despite the ongoing Middle East war and unfavourable market conditions, VietJet Thailand remains committed to replacing its fleet with 50 new Boeing 737-8 planes over three years, while accelerating plans to phase out its existing Airbus
- The airline has also hinted at becoming the first low-cost carrier in Thailand to fly to Europe if it takes delivery of wide-body Airbus A330neo planes from VietJet Air, which recently announced a new direct route from Hanoi to Prague,
- Chief executive Woranate Laprabang said that, as travel demand is expected to recover during the upcoming high season, with jet fuel prices hovering around US$120 per barrel, there was no need to slow plans to completely replace the Airbus
- Mr Woranate said that aggressive fleet expansion is even more crucial amid rising jet fuel prices, as the airline has been using the new aircraft since February and has seen fuel consumption decrease by 20%.
- The more efficient aircraft has also significantly helped the airline improve its on-time performance (OTP) rate to over 80% despite heavier traffic in April, placing it among the top performers in Southeast Asia alongside full-service
- New bookings made after fare adjustments typically face increases of around 20%.
Summary
The airline has also hinted at becoming the first low-cost carrier in Thailand to fly to Europe if it takes delivery of wide-body Airbus A330neo planes from VietJet Air, which recently announced a new direct route from Hanoi to Prague, starting in October this year.
Chief executive Woranate Laprabang said that, as travel demand is expected to recover during the upcoming high season, with jet fuel prices hovering around US$120 per barrel, there was no need to slow plans to completely replace the Airbus A320 and A321 fleet with Boeing 737-8 aircraft.