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Vietjet expands network to Japan

Vietjet expands network to Japan

As part of Vietnam Prime Minister Nguyen Xuan Phuc’s official visit to Japan, Vietjet held a special ceremony in Tokyo on October 10 to announce the airline’s three new routes linking Vietnam with Japan, contributing to the growth of tourism and trade between the two countries and across the region. The event was witnessed by the Vietnam Prime Minister and several high-ranking Japanese and Vietnamese dignitaries.

Vietjet will launch the three routes in the coming three months. The Osaka-Hanoi route will commence operations on November 8, 2018, the Osaka-Ho Chi Minh City route on December 14, 2018, and the Tokyo-Hanoi route on January 11, 2019. All routes are operated with a daily return flight each. Customers can now book Vietjet’s Japan-Vietnam routes on vietjetair.com.

Addressing the event, Vietnam’s Prime Minister Nguyen Xuan Phuc said: “The launch of Vietjet’s routes from Vietnam to the Kansai region of Japan on this occasion has great significance in sharing the cause to rebuild Kansai’s economy and tourism after being devastated by the storm in early September, and contributes to the tourism, trade and integration development between the two countries and in the region.”

Also speaking at the event, Mr. Hiroshi Tabata, Commissioner of Japan Tourism Agency, said: “It is our great pleasure to welcome and give full support to the successful launch and operation of Vietjet’s flights to Kansai International Airport in Osaka. These newly launched flights to Kansai International Airport will be a huge boost for tourism in the Kansai area and thereby contribute to the recovery of the local economy which has been left reeling from the damage caused by typhoon Jebi. I believe that these new routes will also contribute to an increase in the number of Vietnamese visitors coming to Japan.”

Vietjet inks financing agreements for fleet expansion worth US$1.2 billion in Japan
Vietjet on October 10 signed and exchanged an aircraft financing agreement with Mitsubishi UFJ Lease & Finance Company Limited (MUL), a member of Japan’s leading finance group Mitsubishi UFJ Financial Group (MUFG), and the banking group BNP Paribas (France) in Tokyo. The deal will see Vietjet acquire five brand new aircraft, worth HKD4.8 billion (US$614 million), according to the manufacturer’s listed price.

Besides, Vietjet, France-based banking group Natixis and some Japanese equity underwriters signed a Memorandum of Understanding valued at US$625 million, according to the manufacturer’s listed price, to facilitate financing for five additional aircraft.

Vietjet’s Vice President Dinh Viet Phuong explained that the critical financing agreements confirm the confidence of leading Japanese financiers in Vietjet as the airline prepares to launch new routes to Japan soon. Also, these deals will greatly contribute to Vietjet’s plan for fleet expansion and network growth in the coming time, thus helping to better connect Japan and Vietnam.

Read the full article: https://www.eturbonews.com/235279/vietjet-expands-network-to-japan

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