Vietnam Air Petrol Company (Vinapco) on June 7 announced the difficult situation as two partners still owe jet fuel cost of total 210 billion dong while the firm’s charter capital is only 400 billion dong, the VnExpress reported. General Director of Vinapco, Tran Huu Phuc gave details that among the 210 billion dong debts, Indochina [...]
Vietnam Air Petrol Company (Vinapco) insists it will continue to supply Jetstar Pacific Airlines Joint Stock Aviation Company with fuel despite the budget carrier still owing Vinapco VND173 billion. Vinapco, a subsidiary of national flag carrier Vietnam Airlines, requested the debt from Jetstar and threatened to cut off fuel for the airline if it didn’t [...]
Vietnam Air Petrol Company (Vinapco) has lost its appeal regarding its commercial dispute with Jetstar Pacific Airlines (JPA). After a dispute over a price increase, JPA had its fuel supply cut off by Vinapco on April 1, 2008. This caused a delay that grounded 30 flights with some 5,000 passengers affected. The government intervened and [...]
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