Vietjet listed in the top 50 airlines worldwide

Vietjet listed in the top 50 airlines worldwide

Vietjet Air was listed in the world’s 50 best airlines for healthy financing and operation with a better ranking than many prestigious airlines by Airfinance Journal, It is the first time that a new age carrier from Vietnam was ranked 22nd among the world’s 50 best airlines.

Financial ranking based on the latest trailing twelve month data (LTM), evaluating 5 indicators including“average age of the fleet”, “earnings ratio before interest, taxes, depreciation, amortization, and rent costs over revenue (EBITDAR/ Revenue)”, “Fixed charge cover”, “liquidity as % of revenue” and “adjusted net debt/ EBITDAR” .

As planned, Vietjet would receive 17 Airbus aircraft in 2018. In the first 6 months, 4 Airbus A321 aircraft were received. In the second half of the year, Vietjet will receive 13 more aircraft and expect additional revenue from this aircraft transfer.

By operating the new, modern fleet which saved up to 15% fuel consumption in parallel with international flight network expansion, Vietjet continued to increase its ticket sales in foreign currency, extra revenueratio and reduce fuel cost when the fuel price in the foreign countries were lower than in the domestic by about 30% as a result of taxes and fees.

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Juergen Thomas Steinmetz has continuously worked in the travel and tourism industry since he was a teenager in Germany (1979), beginning as a travel agent up through today as a publisher of eTurboNews (eTN), one of the world’s most influential and most-read travel and tourism publications. He is also Chairman of ICTP. His experiences include working and collaborating with various national tourism offices and non-governmental organizations, as well as private and non-profit organizations, and in planning, implementing, and quality control of a range of travel and tourism-related activities and programs, including tourism policies and legislation. His major strengths include a vast knowledge of travel and tourism from the point of view of a successful private enterprise owner, superb networking skills, strong leadership, excellent communication skills, strong team player, attention to detail, dutiful respect for compliance in all regulated environments, and advisory skills in both political and non-political arenas with respect to tourism programs, policies, and legislation. He has a thorough knowledge of current industry practices and trends and is a computer and Internet junkie.

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