The number of aircraft registered with Vietnamese nationality as of March 15, 2024 was 222, of which there were 203 commercial aircraft, a decrease of 6 compared to February 2024 and a decrease of 21 aircraft compared to the same period in 2023.
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| Domestic air traffic supply and ticket prices are forecast to be quite tense during the peak summer season of 2024. |
According to information from the Civil Aviation Authority of Vietnam, the number of aircraft registered with Vietnamese nationality as of March 15, 2024 was 222, a decrease of 6 aircraft compared to February 2024 and a decrease of 25 aircraft compared to the same period in 2023.
Of which, the fleet of commercial aircraft registered in Vietnam by 6 Vietnamese airlines operating is only 203, of which, Vietnam Airlines has 95 aircraft (63 Airbus321, 14 A350, 3 ATR72, 15 Boeing787); Pacific Airlines has 6 Airbus320; Vietjet has 85 aircraft (17 Airbus320, 61 Airbu 321, 7 Airbus330); Bamboo Airways has 11 aircraft (4 Airbus320, 4 Airbus321, 3 Embraer); Vasco has 3 ATR72; Vietravel Airlines has 3 Airbus321.
Compared to February 2024, the commercial aircraft fleet registered with Vietnamese nationality decreased by 6 aircraft compared to February 2024 and decreased by 21 aircraft compared to the same period in 2023.
This number may decrease sharply in April 2024, after the Civil Aviation Authority of Vietnam updated that Pacific Airlines returned 6 Airbus320 aircraft and Bamboo Airways returned 3 Embraer aircraft to foreign aircraft leasing units.
However, the number of aircraft registered in Vietnam does not fully reflect the scale of aircraft that airlines are operating because in addition to aircraft registered in Vietnam, businesses also lease short-term aircraft with flight crews when necessary.
According to current regulations, aircraft must be registered as Vietnamese nationality in cases where the aircraft is owned by Vietnamese organizations or individuals and operated by Vietnamese organizations or individuals (in cases where the aircraft is operated by individuals, the individuals must permanently reside in Vietnam); aircraft that are leased or leased without crew for a lease term of 24 months or more for operation in Vietnam must be registered as Vietnamese nationality.
Currently, the supply situation in the domestic aviation market is quite tense because in addition to the decline in the fleet of Vietnamese aircraft, the recall of engines by engine manufacturer Pratt & Whitney (PW) will cause 22 A321NEO aircraft of the two largest airlines in the country to stop operating in 2024 (starting from January 2024) and a similar number for 2025.
In a related development, the Ministry of Transport has just requested the Civil Aviation Authority of Vietnam to direct airlines to urgently research and develop plans for exploitation and additional aircraft to ensure and maintain the transport force, especially during the April 30 and May 1 holidays and the upcoming summer peak period; implement solutions to limit flight delays and cancellations, improve service quality; strictly implement legal provisions and transport regulations related to the obligations of carriers.
The Civil Aviation Authority of Vietnam must also support and encourage airlines to increase their operating capacity to meet people's travel needs; propose solutions to remove difficulties (if any). At the same time, strengthen the inspection of transportation activities, passenger services; ticket sales, price declaration, price posting, and public information on airline ticket prices, to prevent illegal price increases; promptly direct, correct, and handle violations (if any).
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