Vietjet has received full membership from the International Air Transportation Association (IATA), affirming the new-age carrier’s role and position in the aviation community in Vietnam and overseas. Prior to attaining membership, Vietjet had been certified by the IATA Operational Safety Audit (IOSA).
IATA, the most professional, consistent and comprehensive voice of the international aviation industry, actively seeks to support and increase the benefits for all airline members through international recognition, orientation for the industry priorities, encouragement for promotion and innovation in the industry, cost management and cooperation campaigns for communication, training and other services.
Vietjet also cheerfully received investment approval from the People’s Committee of Ho Chi Minh City – Board of Management of Saigon Hi-tech Park for its Aviation Technology Center project as part of a program to develop the Vietjet Aviation Academy in Saigon Hi-Tech Park. The project will break ground in March 2017 and go into operation this December – the first phase will be a Full Flight Simulator Center for pilot training, in cooperation with aircraft manufacturer Airbus.
In his congratulatory letter to Vietjet, Antony Tyler, Director General & CEO of IATA said, “I am honored to congratulate Vietjet on receiving IATA’s full membership. IATA’s mission is to represent, lead and serve the airline industry and is the collective voice of some 272 airlines from over 117 countries worldwide. Our vision is to be the force for value creation and innovation, driving a safe, secure and profitable air transport industry that sustainably connects and enriches our world. I believe in Vietjet and hope the airline will continue to have more fruitful achievements by maximizing the benefits of being an IATA member.”
The Vietjet Aviation Technology Center is located on a 5.54 ha area at R&D training and Incubation Zone (Science Zone) – “the heart” of the Saigon Hi-tech Park. With its detailed planning and comprehensive organization, Vietjet targets to develop the Aviation Technology Center as a professional aviation research and training center of international standards.
Also, Vietjet recently announced the airline had continued to post positive growth through 2016 with a revenue of RM5.38 billion (USD1.21 billion) and a profit of RM467 million (USD105 million). With its commitment to addressing the increasing demand for air-travel, the airline also achieved a load factor of 88.9% with more than 14 million passengers carried last year, greatly contributing to the development of Vietnam’s aviation industry and the country’s economic growth in the process.
Vietjet’s operational end also registered a high performance in terms of safety and reliability compared to other airlines in the Asia-Pacific region. It operated a total of 84,535 flights accounting for 121,213 flight hours in 2016. The airline’s technical reliability stood at 99.6%, the highest rate obtained to date by any airline operating A320/A321’s in the region. On-time performance for the year stood at 83.6%.
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