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Vietjet launches 2022 plans at shareholders’ meeting | Business

by 198 Vietnam News
May 29, 2022
in VIETNAM INDIA NEWS
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Vietjet launches 2022 plans at shareholders’ meeting hinh anh 1Vietjet’s 2022 Annual Basic Shareholders’ Assembly (Photograph courtesy of Vietjet)

HCM
Metropolis (VNA)
– Vietjet Aviation Joint Inventory Firm
(HoSE: VJC) on Could 28 held the 2022 Annual Basic Shareholders’ Assembly to assessment
its resilient enterprise efficiency towards the pandemic, the final five-year
time period of the Board of Administrators, and to vote on the 2021 audited monetary
statements and the improvement plan for 2022.

The worldwide aviation trade has confronted probably the most unprecedented
and difficult time in its lengthy historical past. Vietjet, although, has emerged from the
pandemic with its pioneering spirit, persistence, and sturdy inside power.

Vietjet was reported to achieve a consolidated income
of 12,875 billion VND (approx. 555 million USD) in 2021 with the after-tax
revenue of 80 billion VND (approx. 3.4 million USD). As of December 31, 2021,
Vietjet’s belongings totaled practically 51,654 billion VND (approx. 2.22 billion USD).
Its debt-to-equity ratio stayed at 0.9 whereas the liquidity ratio was at 1.6 -
all have been thought-about good indicators within the aviation trade.

In 2021, Vietjet has bounced again and expanded its
flight community, providing everybody extra alternatives to fly and joined arms
with localities contributing to the nation’s financial restoration. The airline
final yr operated 40,000 flights, transporting greater than 5.4 million
passengers throughout over 50 home and worldwide routes. It has additionally
airlifted greater than 63,000 tonnes of cargo, reporting a income development of 200
% yr on yr.

The airline has operated a number of flights to airlift
medical doctors, cops and troopers to pandemic-stricken localities;
delivered thousands and thousands of Covid-19 vaccine doses and joined arms of strategic
companions in Sovico Group to grant medical utilities together with ambulances,
respiratory machines, testing kits, and hospital beds to many localities.

Vietjet launches 2022 plans at shareholders’ meeting hinh anh 2Vietjet plane (Photograph: VNA)

By the top of 2021, Vietjet has a fleet of 76
plane flying to 44 home and 95 worldwide locations. To organize
for the post-pandemic restoration, Vietjet has signed a strategic partnership
settlement with Airbus on the deliveries of plane orders and cooperation to
develop the airline’s wide-body fleet along with additional assist
post-pandemic.

Vietjet has invested in a wide-body fleet of Airbus
A330-300 following the low-cost mannequin, starting a brand new period of longer-range
flight routes. Each side just lately have additionally reached an settlement to proceed
their order contract with long-term cooperation packages aiming to make Vietnam
a regional and world aviation middle.

Shareholders on the assembly have handed a
decision on marketing strategy for 2022, wherein Vietjet eyes to broaden its fleet
to 82 plane, working 100,000 flights and transporting 18 million
passengers.

The shareholders have additionally voted to cross a
decision to pay a 20 % inventory dividend from collected undistributed
earnings from the years earlier than the pandemic.

The airline this yr plans to earn greater than 22,300
billion VND (approx. 959 million USD) in air transport income and make a
revenue.

Vietjet, since its first flight in 2011, has
pioneered in utilizing e-tickets to exchange paper ones and the implementation of
e-commerce. In 2022, the airline is ready to maintain broadening its software of
superior expertise, automation and innovation; bolstering the digital enterprise
sector in air transport, cargo and logistics; and rising and increasing air
providers together with floor dealing with, coaching, financing, undertaking funding and
different providers.

Vietjet has rolled out the SFC02 together with
options to optimize the gas consumption in plane operation, lowering
environmental air pollution. Within the coming time, the airline will proceed the
program to watch and handle the gas consumption and CO2 emission of civil
plane, aiming in the direction of emission discount and local weather change prevention.

Recognizing 2021 was a difficult yr for the
aviation trade, Vietnam Deputy Minister of Transport Le Anh Tuan,
representing the Vietnamese Authorities, nonetheless hailed that Vietjet had
resiliently overcome it and demonstrated its efforts and enterprise success.

He mentioned that Vietjet has actively resumed its
home and worldwide routes after the pandemic was put underneath management,
even opening new routes to Japan, the Republic of Korea and India. He hoped
that Vietjet’s newly added wide-body Airbus A330 fleet making ready to fly to
Australia and Europe would convey extra success to the airline.

Civil Aviation Authority of Vietnam Deputy Director
Dinh Viet Son acknowledged Vietjet’s contributions to the nation’s aviation
security and repair high quality. He extremely regarded Vietjet as a mannequin for
flexibility and adaptableness to carry agency all through the pandemic whereas in search of
new alternatives to develop air transport.

“Following the scheme of ‘Flying within the digital
period’, Vietjet has discovered the precise manner that’s according to the federal government’s
(digital) orientation particularly within the aviation sector, which calls for highest
security and cutting-edge expertise, and can be the present pattern of the
world,” mentioned Son.

The assembly additionally authorized the revenue distribution
plan in 2021 and the dividend fee plan in 2022; bond issuance plan; plan to
improve constitution capital; and elected members of the Board of Administrators for
2022-2027 time period with unbiased members who’re skilled consultants within the
fields of insurance coverage and aviation./.



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Tags: BusinesslaunchesMeetingPlansshareholdersVietjet
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