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Trinh Van Quyet: “Bamboo Airways maintains target of 30% market share by fleet of 40 aircraft at minimum in 2020”

Senior management meeting of Bamboo Airways on the afternoon of 17 April 2020.

Responding to the operating scenario when the market recovers, Mr. Trinh Van Quyet said that the company would continue to research and promote new domestic routes to strengthen the domestic flight network.

COVID-19 pandemic did not change Bamboo Airways' 2020 market share target, though the minimum fleet plan reduces from 50 to 40 aircraft.

"Bamboo Airways' target of 30% market share by the end of 2020 is unchanged, which focuses primarily on the domestic routes that Bamboo Airways determined as important routes", Trinh Van Quyet, Bamboo Airways' Chairman announced at an online meeting between senior managers on 17 April 2020. 

In the interview with VnExpress, Mr. Trinh Van Quyet told that with this plan, Bamboo Airways would adjust its target of increasing the fleet to at least 40 aircraft by the end of 2020. The Carrier still aims at the goal of 50 aircraft as planned at the end of 2019 if transporting demand recovers better than expected, favourable market conditions and business activities meet the requirements for scaling up in Q3 and Q4.

Responding to the operating scenario when the market recovers, Mr. Trinh Van Quyet said that the company would continue to research and promote new domestic routes to strengthen the domestic flight network.

"For international markets, depending on the situation of overcoming diseases in other countries, Bamboo Airways will restore operations on established regular routes such as Vietnam – Korea, Taiwan, the Czech Republic, etc. We also reopen the process of establishing and connecting new routes to East Asia, Europe, America and Australia; as well as explore new potential routes", Mr. Trinh Van Quyet added.

The Chairman said that aviation is one of the industries that are the most severely affected by pandemics, but at the same time among the most rapid ones to recover afterwards. Besides, oil price has continued to decline deeply as of the first week of April, which is also a good signal for the transportation sector, including aviation.

Despite the complicated development of COVID-19 pandemic, in the first four months of 2020, Bamboo Airways has maintained outstanding operating performance. The Carrier's On-time Performance rate was the highest in the Vietnamese aviation industry in the Q1/2020, reaching more than 95%. Flight safety rate was at absolute 100%. Thanks to internal epidemic prevention measures, no case of Bamboo Airways staff infected with COVID-19 is reported.

Since the outbreak of the COVID-19, Bamboo Airways has adjusted its business focus, such as suspending the operation of all international routes, reducing the frequency of domestic routes, diverting from the affected areas. During this tough period, the Carrier has promoted charter flights repatriating EU passengers and cargo for both humanitarian and commercial purposes.
Many new products and services have been launched to meet the special needs of the market in this unprecedented period, such as the promotion of “Get 03 seats for 01 ticket” to ensure the health safety of passengers, and Bamboo Pass – the unlimited flight pass program.

"Bamboo Airways has carefully researched and planned our temporary adjustments in operations, especially in human resources, flight network and fleet, which follows recommendations of the authorities. Most importantly, we work to minimize the risks to the health safety of passengers, Bamboo Airways' staff and the community", Chairman of Bamboo Airways emphasized.

News Editor - TravelDailyNews Media Network | + Posts

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

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