In Q4 2024, Vietjet's aviation revenue reached VND 19.776 trillion (approx. SGD 1.061 billion), a 36% year-on-year (YoY) increase, while after-tax profit rose 247% to VND 167 billion (approx. SGD 8.97 million).
For the entire year, Vietjet's aviation revenue reached VND 71.545 trillion (approx. SGD 3.835 billion), up 33% YoY, while after-tax profit surged 697% to VND 1.301 trillion (approx. SGD 69.78 million).
As of 31 December, 2024, Vietjet's total assets stood at nearly VND 99.5 trillion (approx. SGD 10.709 billion), with a debt-to-equity ratio of 2.12 and a liquidity ratio of 1.71, both within safe industry standards.
In 2024, the airline transported over 25.9 million passengers on 137,000 flights across 145 routes, including 44 domestic and 101 international. It led Vietnamese carriers in passenger volume and added 10 new aircraft, achieving an 87% load factor and a 99.72% technical reliability rate.
In Q4 2024, the carrier launched direct flights from Da Nang to Ahmedabad (India) and Ha Noi to Kuala Lumpur (Malaysia), while increasing frequencies to key destinations like South Korea and Japan.
Vietjet also signed a cooperation agreement with Emirates to boost connectivity between Vietnam, Dubai (UAE), and global destinations. New direct routes to Hyderabad and Bangalore (India), as well as Beijing and Guangzhou (China), will further strengthen ties with these high-potential markets.
Vietjet made history with its first-ever flight from Vietnam to the U.S., holding talks worth VND 352.465 trillion (approx. SGD 18.94 billion) with key U.S. partners. This builds on previous deals with Boeing, GE, CFM, Pratt & Whitney, and Honeywell, totalling nearly VND 1,258.953 trillion (approx. SGD 67.65 billion). The airline is also exploring partnerships with SpaceX and in-flight internet providers to enhance digital capabilities and customer experience.
In 2025, Vietjet is focused on expanding its international network.
The Philippines has submitted to Israel a new shopping list for defence systems. Israel Aerospace Industries (IAI) is reportedly in…
Israel's laser-based Iron Beam air defence system could reduce the number of interceptors needed for close-range rocket defense by up…
While Israel is in the midst of an effort to rebuild its stockpile of different types of ammunition that have…
Rheinmetall delivered the first Boxer Skyranger 30 cannon-based air defence vehicle to the Bundeswehr at the end of January, 2025,…
L3Harris Technologies has successfully conducted the first flight of its all-digital electronic warfare (EW) suite, Viper Shield, on a single-seat…
Princess Anne, the United Kingdom’s Princess Royal, has officially opened a new electro-optics facility at Thermoteknix, a company based in…
The French Defence Procurement Agency (Direction Générale de l'Armement / DGA) has entered into a 24-month contract with Airbus Defence…
In December 2024, Integrated Surveillance and Defense (ISD), in partnership with the U.S. Naval Air Systems Command (NAVAIR) and Indonesian…
Veridos will once again supply the technology for identifying participants at the Munich Security Conference (MSC), scheduled to take place…
Rheinmetall has secured a major contract to advance the digitalisation of the Bundeswehr’s communication infrastructure. The company, through its subsidiary…
Lufthansa Group has begun the integration of ITA Airways into its network, with several key benefits now available to passengers.…
The Indonesian Air Force (TNI-AU) is set to receive six Rafale fighter jets from France in 2026, Air Chief Marshal…
The Royal New Zealand Air Force (RNZAF) has retired its fleet of C-130H Hercules aircraft after 60 years of service.…
Lockheed Martin has delivered the first F-16 Block 70 fighter jet to Bulgaria, marking a significant advancement in the country’s…
BIRD Aerosystems has received a follow-on order for the company's Aeroshield missile protection system, which includes the SPREOS (Self Protection…
The U.S. Navy has awarded Lockheed Martin a $383 million contract modification to continue the development of the next generation…
Cohort plc, an independent technology group, has completed the acquisition of EM Solutions, an Australian company specialising in satellite communication…
The Royal Thai Navy (RTN) has outlined plans to acquire four new frigates to strengthen its fleet, with preparations underway…
Aselsan, Türkiye’s leading defense company, signed export contracts worth over 1 billion USD in 2024, a record high figure in…
L3Harris Technologies' Chief Financial Officer Ken Bedingfield, 52, took over as President, Aerojet Rocketdyne, effective Monday. He succeeds Ross Niebergall,…
ZeroAvia has reached consensus on the Certification Basis relating to its 600kW electric propulsion system (EPS) with the Federal Aviation…
ASQS, a provider of integrated safety and quality management software for the aviation industry, has appointed Florian Lis-Srajer as Deputy…
As Tehran and Moscow continue military cooperation, Iran has acquired advanced Sukhoi-35 fighter jets from Russia to bolster its military…
Israeli company Smartshooter has unveiled its latest counter-UAS (C-UAS) solution: Smash Dome. The lightweight, portable, and adaptable solution supports both…
The Israeli ministry of defence is evacuating a new shopping list submitted by Morocco. Israeli defence sources said that the…
Sentrycs has introduced HORIZON, an AI-driven counter-drone system designed to detect a wide range of DIY drones, including those that…
Terma has signed a contract with Swiss aerospace and telecommunications company SWISSto12 to supply key equipment for the HummingSat project,…
The first of the two Airbus-built new generation SpainSat satellites, SpainSat NG-I, has been successfully launched on a Falcon 9…
Embraer has begun accepting applications for its Social Tech Careers programme, a free technology training initiative designed for women and…
A renaming ceremony was held at Fincantieri’s Muggiano shipyard on Wednesday (Jan. 29) for two Multipurpose Combat Ships / Pattugliatore…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2025 GBP all rights reserved.