Aviation News Online

Vietjet Receives IATA Membership Certificate and Investment Approval to Establish Vietjet Center of Aviation Technology

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).

Vietjet also 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.

Date: February 21, 2017

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