2016-01-12

ANA Collaborates with Vietnam Airlines



ANA Invests in Vietnam Airlines

Compiled from the Yomiuri Shimbun, 12 January 2016


ANA Holdings, a parent com;pany of All Nippon Airways,  announced on January 12 that the company and Vietnam AIrlines reached to an agreement in capital and business collaboration to be signed.
ANA will acquire about 8.8% of the issued stocks of Vietnam Airlines for JPY13 billion (USD111 million)  by coming summer. Upon agreement of alliances that respective companies are members, the two airlines will start code share and other airport services joint operations from October at earliest and also start joint service in mileage programs. ANA will send  its representative to the board of directors of Vietnam Airlines.
Vietnam Airlines has been collaborating with Japan Airlines but it will cease its relations with JAL after this new tie up with ANA.
Passenger traffic between Japan and Vietnam is on the rise these years and ANA
hopes to see a further business demand between the two countries as Trans Pacific Partnership will take effect soon.
Vietnam Airlines operates a total of 66 flights every week in  ten routes; Hanoi-Haneda (weekly 7 flights), -Narita (weekly 7 flights), Chubu (weekly 7 flights) and Fukuoka (four flights a week); from Ho Chi Minh to Narita (14 flights), Kansai (7 flights), Chubu (4 flights) and Fukuoka (twice a week) and from Danang to Narita (weekly 7 flights).
While ANA flies daily in Narita-Ho Chi Minh and Haneda-Hanoi routes. ANA Holdings says the load factor for both routes are kept somewhere 70 to 80 %.

Vietnam Airlines will become the second recipient of capital investment by ANA following Asiana of the South Korea that ANA holds 0.63% of the stocks.■