Vietjet Air targets 1.8 billion USD in 2017 revenue
The low-cost carrier Vietjet Air targets revenue of 42 trillion VND (about 1.8 billion USD) in 2017, with pre-tax profit of over 3.6 trillion VND (158.4 million USD) with 50 percent of dividend.
HCM City (VNA) – The low-cost carrier Vietjet Airtargets revenue of 42 trillion VND (about 1.8 billion USD) in 2017, withpre-tax profit of over 3.6 trillion VND (158.4 million USD) with 50 percent ofdividend.
The information was released at the firm’s shareholders’meeting in Hanoi on April 20, during which leaders of Vietjet Air said that thecarrier will operate 51 airplanes for over 98,100 flights carrying about 17million passengers in the whole year.
At the same time, Vietjet will also increase its air routesto 78, including 37 international ones.
Luu Duc Khanh, CEO of Vietjet, said that after five yearsofoperation, Vietjet transported over 34 million passengers and more than 158,100tonnes of cargo through nearly 204,400 flights on around 60 domestic andinternational routes.
Vietjet increased itscapital from 600 billion VND in 2012 to3,000 billion VND in 2016, while raising the equity capital to over 4.7trillion VND (210.5 million USD). It enjoyed an annual growth of over 70percent in passenger transport revenues in the 2012-2016 period.
Last year, Vietjet earned revenue of 27.5 trillion VND andpre-tax profit of over 2.7 trillion VND.
At the meeting, stakeholders agreed to raise the ratio of foreigninvestors’ share from 30 percent to 49 percent, thus improving the liquidity ofits transactions.
They also approved a list of six candidates for seats in theBoard of Directors.-VNA
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A Vietjet airplane (Source: Vietjet Air) 
