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Vietjet is gearing up for the surge in travel demand during the Lunar New Year festival, one of the longest annual holidays in Asia, by expanding its fleet. Two additional aircraft have been acquired through a wet-leased arrangement, bringing the airline’s wet-lease fleet to six in addition to its current fleet of 105 aircraft, serving 125 routes in Vietnam and internationally.
The airline has recently added nearly 750 flights, providing 154,800 additional seats to serve rising demand during the peak travel period around the region. This capacity boost primarily focuses on services departing from Vietnam’s largest city of Ho Chi Minh, catering to travellers going home for the holidays in the Northern and Central provinces such as Hanoi, Tuy Hoa (Phu Yen), Chu Lai (Quang Nam), Dong Hoi (Quang Binh), Quy Nhon (Binh Dinh), Da Nang, Hue, Vinh (Nghe An), Thanh Hoa, and Hai Phong.
The increased flight capacity will also cater to the increasing travel demand to and from Vietnam’s top tourist destinations, such as Ho Chi Minh City, Hanoi, Phu Quoc, Hue, Da Nang, Nha Trang, and Da Lat. International travel is expected to peak during this time as travellers make use of their long holidays in Vietnam, China, South Korea, and Singapore.
In the last two months, Vietjet has proactively expanded its international flight network, adding destinations like Shanghai, Vientiane, Siem Reap (Cambodia), Busan (South Korea), Sydney, Melbourne, Brisbane, Perth, and Adelaide (Australia). Singaporeans can now enjoy a journey to Vietnam and experience the culture and festivities in destinations such as Ho Chi Minh City or Hanoi before continuing the next leg of their journey to the multiple destinations offered by Vietjet. Furthermore, on the first day of the Lunar New Year (10 February 2024), Vietjet will also commence the direct service linking Ho Chi Minh City with Chengdu in China. These new destinations diversify options for Vietnamese and Singaporean travellers.
In 2023, Vietjet experienced remarkable growth, operating 133,000 flights and catering to 25.3 million passengers onboard (excluding Vietjet Thailand), reflecting a significant Year-on-Year (YoY) surge of 183%. Of these passengers, more than 7.6 million travelled on international flights. The airline also continued to expand its flight network, introducing 33 new international and domestic routes, bringing the total number of routes to 125, including 80 international and 45 domestic routes.
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