Vietnam Aviation Market Expected to Recover from Mid-Q3 | Business

Vietnam’s aviation market is expected to start recovering by the middle of the third quarter of this year. (Photo: Vietnam Plus)

Hanoi (VNA) – Vietnam’s aviation market is expected to start recovering by the middle of the third quarter with total capacity estimated this year at more than 70 million passengers.

According to Dinh Viet Thang, director of the Civil Aviation Authority of Vietnam (CAAV), when the process of vaccination against COVID-19 was accelerated in Vietnam and the world in general, Vietnamese aviation market is likely to recover.

Period of ups and downs in the aviation industry

According to a CAAV report, the COVID-19 pandemic has led to a tumultuous time for the global aviation industry.

The global aviation industry is estimated to have suffered a dramatic 60% drop in passenger numbers in 2020, equating to approximately 2.89 billion passengers, with a $327 billion revenue shortfall, including the Asia region -Pacific saw the largest drop of $107 billion, according to the report.

For the Vietnamese aviation market, 2020 has been a difficult time for the aviation industry due to the outbreak of the COVID-19 pandemic. The order restricting flights and social distancing to prevent the spread of the virus has led to the suspension of many international routes, according to the report.

In 2021, Vietnam’s aviation market continued to face challenges as the pandemic continues to wreak havoc.

At present, only 30 foreign airlines from Northeast Asia, Southeast Asia, the Middle East and France are operating flights to transport diplomats, experts, investors, workers qualified, foreign students and cargo to and from Vietnam, according to the report.

Thus, national airlines had already used most of their fleets to operate domestic routes with capacity skyrocketing both in frequency and number of routes, according to the report.

Thus, the number of domestic airline routes had reached 62, an increase of 10 routes compared to 2019.

However, since May 31, domestic passenger air transport has seriously dropped to only 20-30% compared to March-April this year.

Due to the inactivity of many planes, parking spaces were overcrowded at Noi Bai International Airport in Hanoi and Tan Son Nhat International Airport in Ho Chi Minh City.

The CAAV had to adjust the operating schedule so that the plane could park overnight at other airports, according to the report.

After the gradual restoration of international flight operations, 20 to 30 percent of national airline fleets would no longer stay overnight at airports as international flights to Europe and Northeast Asia would be operated at night, it said. Thang said.

Aviation sector to start to recoverat mid-Q3

CAAV statistics show that 26.8 million passengers and 668,000 tons of cargo passed through Vietnamese airports in the first six months of 2021, down 19.4% and up 12.7% in year-on-year, respectively.

It is expected that the aviation sector will record a recovery in 2021, especially in the second half of the year when vaccinations against COVID-19 will accelerate in Vietnam in particular and in the world in general.

Thang said that many key markets in Vietnam’s aviation sector, including Northeast Asia and Europe, may soon achieve herd immunity as the basis for the gradual reopening of international air transport from here. the end of the third quarter or the beginning of the fourth quarter of this year.

With regard to airport infrastructure, the HOW ARE YOU said the aviation industry has completed on schedule and commissioned the first phase of a runway improvement project at Noi Bai and Tan Son Nhat international airports.

The second phase of the Noi Bai International Airport Runway 1B Upgrade Project is also being urgently implemented and is expected to be completed in July 2021. The project is expected to quickly meet the demand for airlines to reopen after the 4th wave. of COVID-19[female[feminine outbreaks./.