Vietnam Aviation Outlook in 2016
Vietnam aviation market is growing fast with fierce competition. Although the growth rate reaches 20% in the first quarter of 2016, the airport infrastructure systems are not fully meet the demand. Currently Vietnam Airlines (VNA) is at the last stage of the equitization process. Therefore, when the largest airline company of Vietnam finishes their equitization process, the majority of enterprises in this industry are joint stock companies . Currently, Vietnam aviation industry has 137 aircraft teams with very young age (less than 6 years old) and the aircraft team is forecasted to increase rapidly in the coming time. Domestic aviation market is increasingly fierce competition as VietJet Air has 31 aircrafts and VNA has 88 aircrafts, which are mainly serve domestic flights. However, while VietJet already accounts for 37% of the market, the market share of VNA fell below 50%. Accordingly, the competition in the domestic market is very fierce. Furthermore, there are 53 foreign airlines j...