Aviation market enjoys strong growth

The civil aviation market posted strong growth in the first nine months of the year, with both passenger and cargo segments picking up over 20 percent year-on-year.

According to figures released by the Civil Aviation Administration of Vietnam (CAAV), more than 15 million passengers went through Vietnam’s airports in the period, up more than 20 percent from a year ago. Of the number, Vietnamese carriers were responsible for more than 11 million, up 24 percent year-on-year. The number of passengers on domestic and international flights of the flagship carrier Vietnam Airlines exceeded nine million, soaring 34 percent compared to the first nine months of last year. The carrier is targeting 12 million passengers for its domestic and international flights this year compared to just over 9.34 million last year.

Jetstar Pacific still took small domestic market share, transporting some 1.5 million passengers in the first three quarters.

The strong expansion of Vietnam’s aviation market in the period was credited to Vietnam Airlines’ aggressive launch of new domestic and international air routes and its increase of flight frequencies. The promotional air tickets offered by Vietnam Airlines and Jetstar Pacific also stimulated demand for air travel. Growth in international arrivals also backed the aviation market. According to the Vietnam National Administration of Tourism (VNAT), international visitors to Vietnam in the first three quarters jumped 34.2 percent year-on-year to 3.73 million. Air travellers numbered nearly three million, up 32.7 percent over the same period last year.

For the cargo segment, CAAV said domestic and foreign carriers transported 340,000 tonnes from January till September, a year-on-year increase of more than 36 percent. The aviation market is expected to gain faster growth in the fourth quarter, as private airline Air Mekong has just entered the market and more foreign airlines will launch their services to and from Vietnam. – Saigon Times

Tags: Vietnam aviation, Vietnam aviation industry, Vietnam aviation market

Posted by VBN on Oct 28 2010. Filed under Aviation. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry