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blooc350
Topic Author
Posts: 179
Joined: Thu Jun 08, 2017 5:10 pm

Vietnam launches 5th new airline: Vinpearl Air

Sun Jul 28, 2019 9:20 pm

Aviation in Vietnam is booming fast!

Real estate and retail conglomerate Vingroup has announced the launch of an airline unit, Vinpearl Air, which would be Vietnam’s fifth operational airline, after Vietnam Airlines, VietJet Air, Jetstar Pacific and Bamboo Airways.


https://atwonline.com/airlines/vietnam-conglomerate-group-launches-startup-vinpearl-air
 
eamondzhang
Posts: 1876
Joined: Thu Sep 23, 2010 8:23 am

Re: Vietnam launches 5th new airline: Vinpearl Air

Sun Jul 28, 2019 9:54 pm

It will only be a matter of time before the country experiences a huge reshuffle in its aviation sector IMHO. The market is not there for so many airlines and also to count the foreign competition.

Michael
 
filipinoavgeek
Posts: 501
Joined: Mon Mar 04, 2019 1:18 am

Re: Vietnam launches 5th new airline: Vinpearl Air

Mon Jul 29, 2019 12:44 am

eamondzhang wrote:
It will only be a matter of time before the country experiences a huge reshuffle in its aviation sector IMHO. The market is not there for so many airlines and also to count the foreign competition.

Michael


Among the startups, I'd be worried the most about Bamboo. They seem to have such grand plans for a start-up and it feels like they want to overexpand too quickly. At least this one has the backing of the Vingroup, which is stable financially wise (they even just launched Vinfast, Vietnam's first native car manufacturer) so it might have a chance. But yeah, in the future, I can't seem more than three major players (or two if you count VN and Jetstar Pacific as one); I mean the Philippines with a similar population and economy only really has three major players with two dominant ones, so Vietnam will probably end up in a similar situation sooner than later.
RIP 9V-SKA
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potter787
Posts: 24
Joined: Wed Jun 29, 2016 11:06 am

Re: Vietnam launches 5th new airline: Vinpearl Air

Mon Jul 29, 2019 3:00 am

I foresee a bloodbath when Vin enters as their strategy is always to capture market share at all costs. Interestingly, VN and VJ stock price is only of the highest PE in the region. VJ have bigger market cap than Air Asia.
 
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Coal
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Re: Vietnam launches 5th new airline: Vinpearl Air

Mon Jul 29, 2019 3:27 am

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