Vietjet Receives $100 Million from Investment Funds

Brief News Update
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Written by Harry Johnson

Vietjet Aviation Joint Stock Company has reported impressive performance over the first 9 months of 2023.

In Q3 2023, Vietjet safely operated 36,000 flights and transported 6.8 million passengers including 2.3 million international travelers – an increase by 10% over the third quarter of the pre-pandemic 2019 and up to 127% YoY.

While meeting the demand for travel to popular destinations abroad, Vietjet’s international routes have contributed to the bilateral development of tourism, trade and investment, offering support to the economic recovery.

The airline, in Q3/2023, opened seven new international routes, bringing the total number of routes to 125 (45 domestic and 80 international routes). It is the first airline to have flights connecting Vietnam with the five largest cities in Australia, including Perth, Adelaide, Brisbane, Melbourne, and Sydney.

With a sustainable business development strategy and remarkable growth post-pandemic, Vietjet has attracted the attention of many local and foreign investors. In Q3/2023, Vietjet reached preliminary agreements with three Vietnam-based institutional investors committing to invest US$100 million.

About the author

Avatar of Harry Johnson

Harry Johnson

Harry Johnson has been the assignment editor for eTurboNews for mroe than 20 years. He lives in Honolulu, Hawaii, and is originally from Europe. He enjoys writing and covering the news.

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