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Vietjet banks on high aviation growth from rising tourism in Myanmar

Jan 15. 2016
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By Khine Kyaw
MYANMAR ELEVEN
YA

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RAPID ECONOMIC growth and boom in the tourism sector is expected to lead to significant growth in Myanmar's aviation industry, an airline industry veteran said.

Thi Thuy Binh, vice president of Vietnam low-cost carrier Vietjet, said that Myanmar was in high demand among Vietnamese travellers for both business and leisure.

“If this upward trend continues, I believe Myanmar’s aviation industry will continue to grow," she said.

“We were responding to this demand when Vietjet launched operations in Myanmar with the Ho Chi Minh-Yangon route. We also hope it will increase mutual trade exchange and investment between enterprises and investors.”

Rapid economic development is evident in Myanmar’s tourism sector, as the nation received 4.2 million tourists by the end of November, almost double the number in the same period the previous year, the Hotel and Tourism Ministry said. The Myanmar Investment Commission statistics also show that Vietnamese businesses invested US$691 million in Myanmar by the end of November.

“There is still so much scope for investment in Myanmar across all sectors, and many Vietnamese businesses are keen,” Binh added.

Vietjet started operating the Yangon-Ho Chi Minh City route in October last year, with five flights a week on Monday, Wednesday, Friday, and weekends. Vietjet’s expansion in Myanmar is also contributing to the growht of aviation industry in the region.

“Myanmar people’s support has given us great encouragement and strongly motivates us to continue growing here,” she said.

In December, the airline took delivery of brand-new aircraft, an A320, the 11th in an agreement between Vietjet and Airbus for acquiring and leasing 100 aircraft. With its advanced design, less fuel costs and CO2 emissions, the new aircraft is expected to boost the carrier’s efficiency as well as protect the environment.

“With this addition to its fleet, Vietjet is now operating 30 brand-new and modern A320s and A321s, helping the airline to further develop its network in Vietnam and across the Asia-Pacific region,” Luu Duc Khanh, Vietjet’s managing director, said. “Flying with us, passengers will experience the full suite of Vietjet’s high-quality services including comfortable seats on modern aircraft, a refreshing drink and delicious meals served by our friendly flight attendants, and plenty of special surprises onboard.”

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