Pacific Airlines to Operate Routes to and from Tan Son Nhat Airport with Three Aircraft Leased from Vietnam Airlines
Pacific Airlines will resume operations with 3 aircraft. Photo: P.A.
According to sources from Tri Thuc – ZNews, Pacific Airlines has recently issued a document to its units, announcing the resumption of commercial operations. Specifically, after a period of restructuring its fleet, the airline will resume domestic flights to and from Tan Son Nhat Airport, starting from the end of June, using aircraft leased from Vietnam Airlines.
Confirming this information, Mr. Do Hong Cam, Deputy Director of the Civil Aviation Authority of Vietnam, stated that the airline will resume operations with three aircraft on routes to and from Ho Chi Minh City.
Previously, on March 19, a representative from Pacific Airlines stated that returning all its aircraft helped the company clear debts of approximately USD 220 million. This is part of Pacific Airlines’ restructuring strategy.
“Currently, Pacific Airlines has reached an agreement with the aircraft owners to clear debts of about USD 220 million. However, Pacific Airlines must commit to returning the entire A320 fleet to the owners. Therefore, from March 18, Pacific Airlines temporarily suspended flights to focus on ensuring the return of the aircraft as committed,” the representative said.
The low-cost airline’s representative also mentioned that they will dry lease three aircraft from Vietnam Airlines to restore operations. The airline will also leverage the existing resources of Vietnam Airlines Group to gradually enhance service quality with the goal of building Pacific Airlines into an efficient airline that quickly adapts to new environments and develops sustainably in the future.
During the suspension of flights, Pacific Airlines maintained its workforce by providing ground services for Bamboo Airways and Vasco.
The recently published annual report of Vietnam Airlines Corporation (HoSE: HVN) showed that in 2023, Pacific Airlines’ revenue increased by nearly 26% to VND 4,389 billion. However, the airline still reported a pre-tax loss of VND 1,499 billion, a decrease of 28% compared to the same period.
Thus, this low-cost airline has faced four consecutive years of losses, with accumulated losses exceeding VND 8,000 billion.
Regarding the fleet status of Vietnamese airlines, statistics from Planespotter indicate that Vietnam Airlines currently has a total of 91 aircraft. Meanwhile, Vietjet Air has 85 aircraft, Bamboo Airways has 7 aircraft, and Vietravel Airlines has 3 aircraft.
Recently, a representative from Vietnam Airlines announced that the company will receive three additional Airbus A320neo aircraft in 2024. The first aircraft is expected to be delivered at the beginning of July, during the peak of the summer travel season this year.
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Source: Vietnam Insider