News Backgrounder
ANA parent confirms investment in Vietnam Airlines
June 1st 2016
Following the signing of a Memorandum of Understanding in January, ANA Holdings (ANAH) has formally agreed to purchase 8.8% of Vietnamese flag carrier, Vietnam Airlines, for US$109 million. Read More » The share subscription is scheduled for July, Japan’s largest airline group said in a statement at press time.
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The partnership will include code shares and a share mileage program from October 30, the start of the northern Winter time table. The code share agreement will cover 30 major domestic routes in Japan and Vietnam and ten international destinations between the two countries.
Apart from offering mileage accrual benefits for passengers of All Nippon Airways (ANA) and Vietnam Airlines (VN), the two airlines intend to co-operate on passenger check in, ground handling, catering, aircraft MRO and other airport services in Japan and Vietnam.
ANAH also will provide VN with management support at board level and flight training and service quality development.
President and CEO of Vietnam Airlines, Pham Ngoc Minh, said: “finding a partner for a business and capital tie-up is a key part in the efforts of Vietnam Airlines to improve and increase its competitiveness in international markets. The partnership with ANAH will help us to be more confident about upgrading the fleet with the newest generation aircraft, expand the market, improve service quality and be more efficient.”
Vietnam Airlines has a fleet of 89 airliners that serve a network of 29 international and 21 domestic destinations. It operates 68 flights a week to Japan’s Narita, Haneda, Chubu, Kansai and Fukuoka airports.
ANAH, established in 2013, is the parent company of ANA and LCC, Vanilla Air. It is made up of 62 consolidated subsidiaries and 18 equity interest affiliates that include airlines, airline cargo, catering and IT services. The Star alliance member carries 47 million passengers a year on 250 aircraft to 90 destinations worldwide.
