Official information about no longer having aircraft to serve passengers, a representative of Pacific Airlines on the afternoon of March 18 said that the airline is restructuring its fleet and flight network to ensure and increase operational efficiency.
During this time, some flight routes may change plans or temporarily suspend operations. The airline's flight schedule will be restored and return to stability soon.
“The airline has also developed and implemented a plan to best ensure the interests of passengers. Affected passengers will be notified of new flight schedules or transferred to Vietnam Airlines flights," the airline said.
According to the fleet restructuring roadmap, Pacific Airlines will lease aircraft from Vietnam Airlines to improve the airline's operational efficiency, as well as optimize resources within VNA Group. The two sides have discussed and are completing the final procedures to complete the agreement and soon put the aircraft into operation to serve passengers.
At the same time, Pacific Airlines will receive support and coordination from Vietnam Airlines in the common use of some infrastructure and passenger service resources such as check-in counters, ground service vehicles, and Pacific representatives. Airlines information.
The representative of Vietnam's first low-cost airline also emphasized that business restructuring is one of the effective solutions, applied by many companies in the world and Vietnam in the context of the Covid-19 pandemic. XNUMX left serious, lasting consequences for the aviation industry.
This activity is considered necessary for Pacific Airlines to recover effectively, adapt quickly to the new environment and develop stably in the future.
Due to the impact of the Covid-19 epidemic, Pacific Airlines is facing financial difficulties, cash flow shortages, and large overdue debts that threaten to lose its ability to pay. Specifically, it is estimated that Pacific Airlines' accumulated losses by the end of 2022 will reach more than 10.700 billion VND and negative equity of 6.700 billion VND.
Faced with the above situation, Vietnam Airlines and its shareholders have decided to pay off all Pacific Airlines aircraft to clear debt. Today, the airline's last plane left Vietnam.
After many unsuccessful restructurings, Australian national airline Qantas Group chose to withdraw and donate 30% of its shares in Pacific Airlines to Vietnam Airlines. To date, Vietnam Airlines holds 98% of Pacific Airlines shares.
Also related to this issue, discuss with PV. VietNamNet, Director of the Vietnam Aviation Administration Dinh Viet Thang confirmed that today (March 18) Pacific Airlines no longer operates aircraft. Currently, Vietnam Airlines is arranging for Pacific Airlines to dry lease 3 of its aircraft.
