Private company

VietJet Air

Logo: VietJet Air, Public domain, via Wikimedia Commons3

Low-cost airline of Vietnam

Vietjet Aviation JSC (Vietnamese: CTCP Hàng không Vietjet), operating as VietJet Air, is a Vietnamese low-cost airline based in Hanoi. It was the first privately owned airline to be established in Vietnam, being granted its initial approval to operate by the Vietnamese Ministry of Finance during November 2007. As of its launch in December 2011, it became the second private airline to offer domestic service in Vietnam, as well as the fifth airline overall to offer civil domestic flights.2 It was founded by Nguyen Thi Phuong Thao.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

2012Founded1
VJ1
Photo: Long Ethan, CC BY-SA 4.0, via Wikimedia Commons5

Vietjet Aviation JSC (Vietnamese: CTCP Hàng không Vietjet), operating as VietJet Air, is a Vietnamese low-cost airline based in Hanoi. It was the first privately owned airline to be established in Vietnam, being granted its initial approval to operate by the Vietnamese Ministry of Finance during November 2007. As of its launch in December 2011, it became the second private airline to offer domestic service in Vietnam, as well as the fifth airline overall to offer civil domestic flights. VietJet Air is owned by Sovico Holdings, HDBank, other organisational investors, and individual stakeholders.2

Corporate structure

VietJet Air sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

Founded by Nguyen Thi Phuong Thao in 2012.1

Foundation delays

Founded in 2007, the airline's founding team included Robert Hughes, an American who led the company through its initial year. The airline has its head office in the Vạn Phúc Diplomatic Corps in Ba Đình district, Hanoi It was the first privately owned airline to be established in Vietnam, and as of its launch in December 2011, it became the second private airline (after Air Mekong) to offer domestic service in Vietnam, as well as the fifth airline overall not counting Indochina Airlines, which ceased operations in November 2009 to offer civil domestic flights, after Vietnam Airlines, Pacific Airlines, Air Mekong and the Vietnam Air Service Company (VASCO). During its initial plan, the Hanoi-based airline stated its intention to offer flights to Ho Chi Minh City and Da Nang, gradually expanding its network to include other Asian destinations, such as Hong Kong, Bangkok, Singapore, Melbourne, and cities in South China like Beijing. Nguyen Thi Phuong Thao has been the airline's President and CEO since December 2011.

Initially, VietJet had shown the intention to commence flights in late 2008 or early 2009. Throughout the next few years, the expected launch date was repeatedly pushed back, first to late 2009, then mid-2010. Airline officials gave different reasons for the delays, including increased fuel prices and other financial problems, as well as unresolved branding conflicts with the Civil Aviation Administration of Vietnam (CAAV).

Although Malaysian budget carrier AirAsia announced in February 2010 that it planned to purchase a 30% stake in the airline through a joint venture agreement, the carrier rescinded its plans in October 2011, citing "a failure to obtain Vietnamese regulatory approvals".

By February 2011, VietJet was said to be completing final stages prior to launch before its operation license expired in June. The airline's maiden flight occurred on December 25, 2011, flying from Ho Chi Minh City to Hanoi.

Operations

The Vietnam aviation authority fined VietJet Air US$960 in 2012 for organizing five women of candidates in a local beauty contest to perform a Hawaiian themed-dance without first gaining permission to celebrate its maiden flight to the tourist hub of Nha Trang.

On February 9, 2013, the airline launched its first international flight between Ho Chi Minh City and Bangkok, becoming the first Vietnamese private airline to enter the international market.

In February 2014, at the opening of that year's Singapore Airshow, the airline firmed up orders with Airbus for 60 A320 aircraft at a list price of $6.4 billion. Previously, the airline had signed a Memorandum of Understanding with Airbus for 92 planes in the A320 family.

In June 2015, at the Paris Air Show, VietJet ordered six additional Airbus A321 single-aisle jets worth $682 million at list prices from Airbus to meet demand on some of its busiest routes, like Hanoi and Ho Chi Minh City; VietJet purchased a further 30 later that year at the Dubai Airshow, which included 21 A321neos along with 9 A321ceos. In May 2016 during a state visit of US President Barack Obama, an order for 200 Boeing 737 MAX aeroplanes was signed, with deliveries to start in 2019. In September 2016, CEO Nguyen Thi Phuong Thao announced an order for 20 A321 single-aisle aircraft from Airbus. The signing took place during a state visit of French President Francois Hollande. During the 2018 Farnborough Airshow, Thai VietJet, VietJet's Thai subsidiary, ordered 100 Boeing 737 MAXs (80 MAX 10s and 20 MAX 8s) and 50 A321neos.

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Public offering

VietJet completed its initial public offering (IPO) on the Ho Chi Minh City Stock Exchange (HOSE) on February 28, 2017 at an initial price of ₫90,000 (US$ 4.02) per share. The share price immediately rose by 20%, the maximum allowed for newly listed companies. The airline raised $167 million from the listing, making it the biggest IPO on the Vietnamese stock market to date and accounting for 1.5% of HOSE's capitalization at the time. The air hostess have been seen dancing around in bikini and doing bikini dance and belly dance.

New routes

On January 15, 2025, VietJet announced the addition of four new routes to China. Commencing March 30, 2025, three new routes will be added to its service namely Ho Chi Minh-Beijing Daxing, Hanoi-Guangzhou and Ho Chi Minh-Guangzhou. Subsequently, another new route between Hanoi and Beijing Daxing will begin on April 1, 2025. A new inaugural route to Auckland will begin in September 2025.

Vietjet launched direct flights connecting Ho Chi Minh City (SGN) and Colombo, Sri Lanka (CMB), in August 2026 with four round-trip flights per week. Plans were also revealed to extend to route to the Maldives. HCMC-Colombo-Male flights are to begin in December. The new service, announced on May 8, 2026, aims to strengthen bilateral trade, tourism, and connectivity between Vietnam and South Asia, while acting as a gateway for travelers from Australia, Japan, and South Korea.

Transition to in-house ground services

Vietjet took over ground handling services at Tan Son Nhat Airport from former partner Saigon Ground Services (SAGS) on April 20, 2025. The transition coincided with the peak travel season during the Reunification Day and Labour Day holiday in Vietnam, as well as the change of domestic terminals at Tan Son Nhat Airport, leading to mass delays of hundreds of flights, causing significant meltdown across the airline's network. This stirred up serious controversies over the airline, with thousands of passengers requesting an explanation and compensation for the inconvenience and loss they had experienced.

The Civil Aviation Authority of Vietnam (CAAV) has instructed Vietjet to arrange full staff and equipment deployment and coordinate with other ground service providers to ensure appropriate operation.

In 2025, Vietjet Ground Services was reorganized as Airport NEO Ground Services Company.

Second subsidiaries

On May 8, 2025, during the state visit by General Secretary of the Communist Party of Vietnam - Tô Lâm to Kazakhstan, Vietjet Air and Qazaq Air announced a strategic partnership to form the new subsidiaries, called Vietjet Qazaqstan.

From Wikipedia’s article on VietJet Air, shared under CC BY-SA 4.0.4

Leadership

Who has led VietJet Air, and when. Pick a name to see everywhere that person has worked.

Products and brands

Destinations

As of November 2023, VietJet Air serves 13 countries and 99 routes.

Codeshare agreements

VietJet Air codeshares with the following airlines:

Fleet

Current fleet

As of July 2026, VietJet Air operates the following aircraft:

Fleet development

On February 26, 2019, VietJet Air signed a memorandum of understanding with Boeing, an American aircraft manufacturer, to purchase 100 Boeing 737 MAX 200 aircraft. The signing ceremony took place at the Presidential Palace in Hanoi, Vietnam, in the presence of Vietnamese President Nguyen Phu Trong and U.S. President Donald Trump.

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In December 2019, VietJet Air had one of its first Boeing 737 MAX 200 aircraft rolled out from the Boeing factory. However, the plane was not taken up afterwards and was delivered to Akasa Air.

On July 23, 2024, at the Farnborough International Airshow, VietJet Air and Airbus officially finalized a deal worth $7.4 billion for 20 Airbus A330-900 aircraft, following a signed Memorandum of Understanding (MoU) for the purchase back in February 2024 at the Singapore Airshow. It is the airline's first-ever widebody order. They will replace the carrier's current wide-body fleet of 7 leased Airbus A330-300 aircraft, as well as providing for network expansion.

Between April and October 2025, Vietjet operated two Comac C909 wet-leased from Chengdu Airlines on a 6-month contract, marking the first time Chinese jets were used for domestic flights in Vietnam. The lease was later renewed in November 2025.

On June 17, 2025, at the Paris Airshow, VietJet and Airbus announced a Memorandum of Understanding (MoU) for 100 Airbus A321neo jets with an additional 50 options available for purchase at a later date.

From Wikipedia’s article on VietJet Air, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Owners

  • Sovico Group

Subsidiaries

From Wikidata.1

Timeline

  1. 2012Founded Founded1

Sources

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