Hanoi Capital, December 12, 2024 – Vietravel Corporation, T&T Airlines, T&T SuperPort, BVIM Fund have officially become strategic shareholders of Vietravel Airlines.
The successful signing of the share transfer agreement marks a significant milestone, serving the long-term development vision of Vietravel Corporation from 2025 to 2035. Simultaneously, this event marks a strategic step in the journey of cooperation between T&T Group and Vietravel Corporation, aiming to elevate Vietravel Airlines to become a leading tourism airline in Vietnam.
As of now, the shareholder list of Vietravel Airlines includes: Vietravel Corporation, Vietnam Travel and Marketing Transports Joint Stock Company, T&T Airlines, T&T SuperPort, BVIM Fund Management Joint Stock Company, and two individual shareholders, Mr. Tran Doan The Duy and Mr. Doan Hai Dang. The establishment of Vietravel Airlines was approved by the government in April 2020 with a total investment of VND 700 billion, with Vietnam Travel and Marketing Transports Joint Stock Company holding 100% of the charter capital. In November 2024, Vietravel Airlines was officially approved to increase its charter capital to VND 1,300 billion.
Over nearly four years of operation, Vietravel Airlines has successfully connected two key business centers, Hanoi and Ho Chi Minh City, to domestic and international tourist destinations such as Da Nang, Da Lat, Quy Nhon, Nha Trang, Phu Quoc, Hue, and Bangkok (Thailand).
Vietravel Airlines has also successfully collaborated with several tourist cities in the Asia region to promote bilateral tourism through charter flights connecting Ho Chi Minh City/Da Nang - Kagawa/Fukushima (Japan), Phu Quoc - Taipei (Taiwan), Hanoi - Sanya (China), Nha Trang - Daegu/Muan (South Korea), marking the airline's efforts to expand its international network to major source markets for Vietnam.
At the event, Mr. Nguyen Quoc Ky, Chairman of the Board of Directors of Vietravel Corporation and Vietravel Airlines, stated that the participation of the three strategic shareholders, T&T Airlines, T&T SuperPort, and BVIM Fund, will open up new opportunities for Vietravel Airlines to enhance its competitiveness, expand its route network, and improve service quality. This not only contributes to meeting the growing travel demands of passengers but also affirms the position of Vietravel Airlines as the first tourism airline in Vietnam in both the domestic and international aviation markets.
“"This share transfer is also a significant step in realizing Vietravel Airlines' investment and development plan. With the support of new shareholders, we are confident in the bright and sustainable future of Vietravel Airlines in the coming time" affirmed Mr. Nguyen Quoc Ky."
According to Mr. Do Quang Hien, Executive Chairman of T&T Group, becoming a strategic shareholder of Vietravel Airlines is a significant milestone for T&T Airlines, T&T SuperPort, and T&T Group as a whole in the new development phase of the enterprise. This cooperation and investment not only bring strong resources and new values and opportunities for Vietravel Airlines to enhance its quality and competitiveness but also promote the development of the transportation, aviation, and tourism industries; stimulate economic growth; and make a significant contribution to enhancing Vietnam's position and prestige on the international stage.
Vietravel Airlines will become a crucial link in the chain of infrastructure, logistics, and aviation projects that T&T Group has been and is implementing. Along with Quang Ninh Port, Quang Tri Airport, Vietnam SuperPort logistics named "SuperPort" in Vinh Phuc, Nam Phuc Tho Industrial Cluster, and the Aviation - Logistics - Service - Commerce - Urban Airport Complex in Quang Tri, and now the important piece - Vietravel Airlines, T&T Group is contributing to promoting the development of multimodal transport and creating new breakthroughs for the Vietnamese logistics industry. T&T Group's synchronized infrastructure - logistics - aviation industry ecosystem will attract domestic and foreign investors and large enterprises to focus on production and business; help enterprises exploit strengths and take advantage from logistics services, infrastructure, and logistics, while opening up opportunities for enterprises to participate in the global and ASEAN supply chain and promoting the development of logistics services.
Attending the event, Mr. Ho Minh Tan, Deputy Director of the Civil Aviation Authority of Vietnam, said that from the perspective of state management, he highly appreciated the cooperation between T&T Group and Vietravel. This cooperation will not only bring efficiency and value to enterprises but also bring many benefits to the community, the aviation industry, and the national economy.
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About Vietravel Airlines
Backed by Vietravel Corporation, a leading tourism and aviation group, the airline officially launched its first commercial flight connecting Ho Chi Minh City and Hanoi on January 25, 2021. Vietravel Airlines is a crucial piece in completing the multi-dimensional tourism ecosystem combined with multimodal transportation that the corporation aims for, with a mission to connect and promote the development of famous tourist destinations in Vietnam and internationally, aiming to provide customers with unique air travel and tourism products, comfortable experiences, and uplifting emotions on every flight.
Vietravel Airlines was ranked in the Top 5 “World’s Best Leisure Airlines” by Skytrax. Additionally, it has consecutively won the “Asia's Leading Leisure Airlines” award from World Travel Awards for three consecutive years - 2022, 2023, and 2024, as well as the “Inspirational Brand Award” from the Asia Pacific Enterprise Awards (APEA) 2022.
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About T&T Group
Established in 1993, with over 30 years of formation and development, T&T Group has emerged as a leading multi-industry private economic group in Vietnam. T&T Group's charter capital currently reaches VND 22,000 billion, and total assets reach VND 45,000 billion.
T&T Group operates in seven key business areas, including: Finance - Investment, Green Real Estate, Smart Industry - Logistics, Clean Energy, Agriculture - Forestry - Fisheries, Transportation Infrastructure - Seaports, and Healthcare - Education - Sports. T&T Group currently has over 500 member companies, joint ventures, and associates with over 80,000 employees; operating vigorously in both domestic and international markets.
With outstanding achievements in production and business activities, along with positive contributions to the community, T&T Group is honored to be one of the few private economic groups to be awarded the First-Class Labor Order by the Party and State three times; and has been recognized by prestigious international organizations as an Outstanding Asian Enterprise and a Best Workplace in Asia.
