||JETSTAR PACIFIC AIRLINES
||HO CHI MINH CITY
||+84 8 845 0092
||+84 8 845 0085
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PAH-2004-09 FAT 757
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FORMED IN 1991 AND STARTED OPERATIONS IN 1996. THE FIRST AIRLINE TO BE FORMED IN VIETNAM, FOLLOWING CHANGES IN THE LAW ALLOWING FOREIGN INVESTMENT IN THE COUNTRY'S AIRLINES. FORMERLY PACIFIC AIRLINES. INTERNATIONAL, SCHEDULED & CHARTER, PASSENGER & CARGO, JET AIRPLANE SERVICES.
112 HONG HA STREET, WARD 2
TAN BINH DISTRICT
HO CHI MINH CITY, VIETNAM
VIETNAM (THE SOCIALISTIC REPUBLIC OF VIETNAM) WAS ESTABLISHED IN 1945, IT COVERS AN AREA OF 331,689 SQ KM, ITS POPULATION IS 75 MILLION, ITS CAPITAL CITY IS HANOI, AND ITS OFFICIAL LANGUAGE IS VIETNAMESE.
JULY 1996: VIETNAM AIRLINES (VIE) AND U-LAND AIRLINES (CHN) ARE MAJOR SHAREHOLDERS, AS WELL AS SAIGON TOURISM INTERESTS IN PACIFIC AIRLINES (PAH).
1 737-3YO (24255), (TEA) BASEL (TEB) 3 YEAR WET-LEASED.
MAY 1997: RETURNED 737-2Y5 (23040) TO (TEA) CYPRUS.
SEPTEMBER 1997: U-LAND AIRLINES (CHN) PLANS TO ACQUIRE A STAKE IN PACIFIC AIRLINES (PAH).
OCTOBER 1997: 1 MD-82 (53480), U-LAND (CHN) LEASED.
DECEMBER 1997: CEASED OPERATIONS.
APRIL 1999: 273 EMPLOYEES.
APRIL 2000: 273 EMPLOYEES.
DAILY, SCHEDULED, PASSENGER AND CARGO SERVICES TO TAIWAN. SCHEDULED SERVICES TO DA NANG, HANOI, KAOHSIUNG AND TAIPEI.
JUNE 2000: 1 A310-300 (549), GAX LEASED, REGIONAIR (RAE) WET-LEASED.
SEPTEMBER 2000: 1 MD-90-30 (53572, B-17917), (UNI) (MAK) LEASED.
DECEMBER 2000: 1 737-430 (27004, SX-BFY "CITY OF KAVALA"), GALAXY (GLY) WET-LEASED FOR DAILY OPERATIONS, SAIGON TO HANOI AND TO TAIPEI.
APRIL 2001: TO DA NANG TO HONG KONG (3X-WEEKLY).
MAY 2001: 1 MD-82 (53480, B-88889), RETURNED TO U-LAND (CHN).
JULY 2001: SITA: SENTHBL.
AUGUST 2001: 1 A310-322 (S7-RGN), REGIONAIR (RAE) WET-LEASED.
SEPTEMBER 2001: IN NOVEMBER 2001 TO THAILAND. TO HAI PHONG AND HUE. CHARTER FLIGHTS TO SOUTH KOREA, MALAYSIA AND SINGAPORE.
OCTOBER 2001: 1 A321-200 (V2500) (614), REGIONAIR (RAE) WET-LEASED.
NOVEMBER 2001: 1 A321-131 (604, S7-RGJ), REGIONAIR (RAE) WET-LEASED.
JANUARY 2002: HANOI TO MOSCOW IN COOPERATION WITH VIETNAM AIRLINES (VIE).
July 2002: Plans to expand its routes into eastern Asia (China, Japan, and South Korea) before the end of 2002.
November 2002: Applies for service to Singapore (3x-weekly) by the end of 2002.
MD-82 (JT8D-217C) (53481, B-88898), RegionAir (RAE) wet-leased until May 2003.
May 2003: MD-82 (JT8D-217C) (53481, B-88898), returned to (RAE), wet-leased to Myanmar (BRM).
November 2003: A320-233 (789, VN-A168), Pegasus (PSS) leased.
May 2004: 420 employees (including 83 Cabin Attendants (CA)).
April 2003: (http://www.pacificairlines.com.vn).
July 2004: 1 757-23APF (24868, B-27201), Far Eastern Air Transport (FAT) wet-leased.
December 2005: Pacific Airlines (PAH) may be sold to private investors, including foreigners to help clear debts of up to $13.7 million. Shareholders have decided to keep the airline, now capitalized at $3 million and seek more investment.
January 2006: A320-211 (029, LZ-BHA), BH Air (BGH) wet-leased.
March 2006: (ST) Aerospace wins $5.9 million contract with Pacific Airlines (PAH).
April 2006: Pacific Airlines (PAH) has grounded its A320 airplane because of landing gear problems and has been forced to cancel a number of its daily flights as a result of this.
(PAH) leased a 737-400 from (GECAS) (GE) Commercial Aviation Service (GEF). (PAH) plans to use the airplane on the Hanoi to Da Nang route.
September 2006: Pacific Airlines (PAH) provides daily scheduled passengers and cargo jet airplane services domestically in Vietnam, and on regional routes. Also provides charter flights by request to regional destinations. It is now the 2nd largest airline in Vietnam.
Parent organization/shareholders: Vietnam Airlines (VIE) (60%); Saigon Tourism, Vasco, Sasco and Airmex (13.51%).
(IATA) Code: BL. (ICAO) Code: PIC.
Main Base: Ho Chi Minh City Tan Son Nhat International Airport (SGN).
Domestic, Scheduled Destinations: Da Nang; Hanoi; & Ho Chi Minh City.
International, Scheduled Destinations: Kaohsiung; & Taipei.
October 2006: Pacific Airlines (PAH), Vietnam's 2nd-largest airline by fleet size, will restructure itself into a low-cost carrier (LCC), a company executive said. "The company will boost its revenue by adding more flights and cut costs and operate like other (LCC)s," said Luong Hoai Nam, Director of Pacific Airlines (PAH). Nam said that the company will focus on existing routes by raising the number of domestic flights. From October 29, (PAH) will have 7x-daily between Hanoi and Ho Chi Minh city, up from 6x- currently, and 2x-daily between Ho Chi Minh city and Danang, from 1x- currently.
(PAH) now operates 3 737s and 1 A320 on domestic and international routes. In addition to its domestic network, (PAH) has 5x-weekly to Taipei and Kaohsiung in Taiwan.
December 2006: A320-211 (305, LZ-BHE), BH Air (BGH) wet-leased - see photo.
January 2007: Qantas (QAN) confirmed that it is considering an equity stake in Pacific Airlines (PAH), which is relaunching as a low-cost carrier (LCC) with fares as low as $1. (PAH) is majority owned by Vietnam's Ministry of Finance, which wants to sell 30% to a foreign airline. (PAH) was positioned as a "value airline" with fares -25% below Vietnam Airlines (VIE), but the success of (LCC) competitors like AirAsia (ASW) has prompted a rethink. Plans call for (PAH)'s fleet to be built up from the current 2 (1 737 and 1 A320), including acquisition of 2 787s ordered by Qantas (QAN).
(PAH) operates domestic flights between Ho Chi Minh City, Hanoi and Da Nang, as well as from Ho Chi Minh City to Taipei and Kaohsiung. In the longer term, it expects to fly to Japan, Korea, China, Hong Kong, Macao, and India. Several companies, including Singapore government investment arm Temasek, have looked at the airline but a deal has failed to materialize.
April 2007: Qantas (QAN) announced an agreement with State Capital Investment Corporation, the investment holding arm of the Vietnamese government, to purchase 30% of Pacific Airlines (PAH), the country's 2nd-largest carrier. Qantas (QAN) (CFO) Peter Gregg said the transaction should be completed within the next 2 months, "supporting Jetstar (IMU)'s growth strategy and enabling us to extend our reach in SE Asia." (QAN) will help (PAH) to develop a new business plan and grow its small 737-400 fleet used on domestic routes and to Taiwan. "(PAH)'s strategy is to reposition itself as a low-cost carrier (LCC) and expand within Vietnam and internationally," Gregg said, with (IMU) playing a major role. Insiders suggest that (PAH) will lease at least 2 787s from Jetstar (IMU) from 2009.
August 2007: Qantas (QAN) finalized the 1st of 3 investment installments in Vietnam's Pacific Airlines (PAH), taking an 18% stake. The entire investment for 30% will be concluded over the next 2 years. Jetstar Airways (IMU) (CEO) Alan Joyce, and (CFO) David Hall will represent the Qantas (QAN) Group on Pacific (PAH)'s 6-member board, while (QAN) and (IMU) executives will fill a number of key management roles to support the investment. (PAH) eventually plans to fly internationally.
A J Walter Aviation (AJW) was awarded "approved status" as an airplane spares supplier by Vietnam's Pacific Airlines (PAH).
September 2007: Malaysian Low Cost Carrier (LCC) AirAsia (ASW) followed Qantas (QAN) into Vietnam by signing a letter of intent (LOI) to launch a budget airline in the country, in partnership with Vietnam Shipbuilding Industry Group, 1 of the nation's largest state-owned corporations, according to AirAsia (ASW). Last month, (QAN) took an 18% stake in Pacific Airlines (PAH) that eventually will rise to 30%. The joint venture (JV) carrier will serve domestic, regional and international routes and will have initial capital of approximately $30 million, (ASW) said. The (LOI) was signed by (ASW) (CEO), Tony Fernandes and VINASHIN Chairman & (CEO), Pham Thanh Binh at an event hosted by Vietnamese Prime Minister Nguyen Tan Dung. "We are delighted to affiliate ourselves with VINASHIN as this scope delivers the initial momentum for both parties to begin our growth together. The growth potential in Vietnam's air travel market is significant, and we are very excited to be working with a colossal corporation in Vietnam to develop this opportunity," Fernandes said.
November 2007: Qantas (QAN) has ordered 68 A320 family airplanes with options for 40 more. Some of the A320s are earmarked for Pacific Airlines (PAH) in Vietnam, in which (QAN) is acquiring a 30% stake.
April 2008: Vietnam's "Pacific Airlines (PAH)," in which the Qantas (QAN) Group purchased an 18% stake with an agreement to raise that holding to 30% in 2010, will change its name to "Jetstar Pacific" (PAH) as part of a partnership with (QAN), that will see it become "Vietnam's 1st low-cost, value-based airline." The name change will take effect May 23 and is part of a new business service agreement under which (PAH) will operate domestic and international flights under the Jetstar (IMU) brand, while "providing everyday low fares and a standardized customer experience." It will take delivery of up to 30 A320s by 2014, with the 1st "proposed" to enter service this August. The Qantas Group placed a large Airbus (EDS) order last fall. The deal also includes development of a Vietnamese website and "new commercial and distribution agreements," (IMU) said. "Jetstar Pacific (PAH) will be able to access and leverage the significant expertise and resources within the Qantas Group that will help enable its planned future growth," (QAN) (CEO) Geoff Dixon said. "This includes the placement of (QAN) and (IMU) executives in key management roles within Jetstar Pacific (PAH) and the supply of a range of aviation services."
(QAN) initially invested in (PAH) 1 year ago. It currently serves 7 domestic destinations with 4 737-400s, but plans eventually to increase its 130x-weekly flights eightfold. It will start by adding service from Ho Chi Minh City to Da Lat and Buon Me Thout, and from Hanoi to Da Nang, Hue, and Cam Rahn. It also will expand its Ho Chi Minh to Hanoi service. Jetstar Airways (IMU) currently offers flights to Ho Chi Minh from Sydney and Singapore.
May 2008: Jetstar Pacific (PAH), Vietnam's 1st low-cost carrier (LCC) launched commercial operations as part of the Qantas Group. It has become the 1st Vietnamese carrier to offer online booking to domestic customers. Qantas (QAN) holds 18% of the (LCC) and will increase its investment to 30% in 2010. (PAH) has 4 737s and will add a 5th next month, but it eventually will fly up to 30 A320s.
September 2008: JetStar Pacific (PAH) registered an accounting loss of -$2 million during the last fiscal year.
(PAH) will begin service to Singapore, Siem Reap and Bangkok this fall.
December 2008: Jetstar Pacific (PAH) parent, State Capital Investment Corp, which holds 75.8%, was granted permission by Prime Minister Nguyen Tan Dung to raise money by issuing additional shares to existing holders and to reduce its holding to 51% by selling its right to buy additional shares to other domestic stakeholders. Qantas (QAN) holds 18% of (PAH) and is allowed to take up to 30%. (PAH) already has lost nearly -$50 million this year and has cut back on some routes while delaying the launch of others, (VNS) reported.
April 2009: Jetstar Pacific (PAH) will add a 4x-daily, Ho Chi Minh City to Da Nang flight and a 2x-daily, Hanoi to Da Nang frequency and will increase 4x-weekly, Hanoi to Can Tho service to daily on June 1.
January 2010: 2 Australian Qantas (QAN) executives have been restricted from leaving Vietnam, while the former (CEO) of Jetstar Pacific (PAH) has been arrested over losses at (PAH), a joint venture (JV) between (QAN) (27%) and the Vietnamese government and investors. (QAN) (COO) Daniela Marsilli and (CFO) Tristan Freeman were not charged and are assisting authorities in investigating currency losses at (PAH). (QAN) (CEO) Alan Joyce told Australian media that (PAH)'s fuel hedging losses ran into the millions of Australian dollars and "were a part of global business risk." He said Marsilli and Freeman had not acted outside the company's board structure. Vietnamese media reported that former (CEO) Luong Hoia Nam was taken into custody in Hanoi earlier this month under allegations that he, Marsilli and Freeman flouted a board resolution at the end of 2008 and continued to buy fuel into May 2009.
(QAN) said it remains confident in its 27% investment in Vietnam's Jetstar Pacific (PAH) despite the emergence of a report highlighting maintenance deficiencies and the legal troubles facing several executives. (QAN) (CEO) Alan Joyce confirmed that a Civil Aviation Administration of Vietnam (CAAV) report on (PAH) "identified a number of administrative and quality issues related to the (PAH)'s operations." He said those issues "have already been addressed by (PAH). We will work with our Vietnamese partners on the (PAH) board as they continue to liaise with the (CAAV). We remain confident in our investment in (PAH) and confident in (PAH)'s total commitment to safety."
Joyce also said that in addition to the (CAAV)'s investigation, (QAN) supported a number of routine and independent audits to assess (PAH)'s maintenance performance. "The 1st of these was undertaken prior to the airline taking on the (PAH) brand and the most recent was finalized in October last year," he revealed. "This audit concluded there were no safety concerns with (PAH)'s operations and that (PAH) met regulatory requirements."
According to the "Australian Associated Press," the (CAAV) claimed 3 (PAH) officials, including former (CEO) Luong Hoia Nam made mistakes in monitoring maintenance work. The other 2 individuals were unidentified foreigners who headed (PAH)'s maintenance and technical quality divisions. (CAAV) Deputy Director Lai Xuan Thanh said (PAH) made numerous mistakes that put flights at risk, according to the "Vietnam News Agency." Hanoi police arrested Nam, alleging neglect relating to fuel hedging.
July 2010: 2 Qantas (QAN) executives at the center of an investigation into multimillion-dollar fuel-hedging losses in Vietnam have been allowed to return to Australia. According to the "Sydney Morning Herald," the former (COO) and (CFO), respectively, of (QAN)'s no-frills Vietnam brand Jetstar Pacific (PAH), Daniela Marsilli and Tristan Freeman, flew back to Sydney. Vietnamese authorities detained the pair in December, shortly before they were to travel with their families to Australia for Christmas. They were barred from leaving Vietnam while authorities investigated $31 million in fuel-hedging losses in 2008 by the government-owned carrier in which (QAN) has a 27% stake.
(QAN) said that the executives were allowed to leave after the investigation was "terminated." It said no money changed hands to secure their release and it remains committed to its investment in (PAH). The release of the 2 Australians came after Australian Deputy Prime Minister Wayne Swan raised the issue with Vietnamese Prime Minister Nguyen Tan Dung at the recent G20 summit in Toronto.
Former Jetstar Pacific (PAH) (CEO) Luong Hoai Nam remains in jail. He was arrested in January for "causing serious losses" at (PAH).
August 2010: Qantas Airways (QAN) has made key management changes at its low-cost arm Jetstar (IMU) to better position the airline for growth, particularly across the Asia-Pacific region. Bruce Buchanan moves from Chief Executive Officer (CEO) of Jetstar (IMU) in Australia to Group (CEO) overseeing the family’s 2 other carriers: Jetstar Asia (JSA) in Singapore and Vietnam based Jetstar Pacific (PAH). The (CEO) of the Singapore operations, Chong Phit Lian will be responsible for the group’s investments and businesses in Asia, including building Singapore as a long-haul flying hub. Buchanan, whose main new role is to drive expansion into new markets, said the plan is to launch a new venture within the next 12 to 24 months.
November 2011: JetStar Pacific (PAH) is a low cost carrier (LCC) providing scheduled domestic passenger services from hubs at Ho Chi Minh City and Fanoi, serving major cities including DaNang, Hai Phong, Hue, Nha Trang and Vinh. Ad hoc charter flights are also offered.
(IATA) Code: BL. (ICAO) Code: PIC.
Parent organization/shareholders: State Capital Investment (69.93%); Qantas (QAN) (27%); Luong Hoai Nam, and Saigontourist Holding Company.
Alliances: Cathay Pacific Airlines (CAT) and DragonAir (DRG).
Main Base: Ho Chi Minh City Tan Son Nhat International Airport (SGN).
December 2011: Vietnam Airlines (VIE) is considering buying control of JetStar Pacific (PAH), thereby aligning itself with Qantas (QAN) and becoming the latest Asian legacy carrier to have a low cost carrier (LCC) unit.
June 2012: Abacus International signed a multi-year exclusive distribution agreement with Jetstar Pacific (PAH), giving Abacus travel agents exclusive access to the airline’s domestic and international fares and inventory.
October 2012: VietJet Air (VJE) has announced a major network expansion that will make it Vietnam’s largest low-cost carrier (LCC), overtaking Jetstar Pacific (PAH) by the end of 2012. (VJE) is also poised to beat rival (PAH) in becoming the 1st Vietnamese (LCC) to operate international services. (VJE), which will expand its domestic network from 5 to 9 destinations in November/December 2012, is looking at launching its 1st international route (possibly Ho Chi Minh to Bangkok) in late 2012 or early 2013.
(PAH) has been focusing this year on fleet renewal rather than expansion but is planning to resume expansion in 2013, ending a hiatus of 4 years in which growth was paused due partially to internal uncertainty. (PAH) began a more promising new chapter earlier this year after a 70% stake was transferred to Vietnam Airlines (VIE), which previously had been looking at launching its own (LCC) subsidiary (Jetstar (IMU) owns the remaining 30% stake in Jetstar Pacific (PAH)). But (PAH) may struggle to keep up with much newer (VJE), which is likely to continue expanding at a faster pace than (PAH).
January 2013: JetStar Pacific ((IATA) Code BL, based at Ho Chi Minh City Tan Son Nhat International (SGN)) (PAH) has retired its last 737-400 (28490, VN-A189) from service earlier this month and now operates a fleet of 5 A320-200s. The low-cost carrier (LCC) is jointly owned by Vietnam Airlines ((IATA) Code: VN, based at Hanoi Noibai International (HAN)) (VIE) which owns 70% in JetStar Pacific (PAH) and Qantas ((IATA) Code: QF, based at Sydney Kingsford Smith (SYD)) (QAN) which owns the remaining 30%. It currently only operates domestic services in Vietnam.
February 2013: The Qantas (QAN) Group posted a 1st-half net profit of +A$111 million/+$114.6 million, more than double the +A$42 million in the year-ago period. The Group’s 1st half ended December 31, 2012.
The results included an A$125 million payment from Boeing (TBC) as part of changes to (QAN)'s 787 orders announced in August 2012. (QAN)
(CEO) Alan Joyce said the Group was delivering against all its strategic goals. “During the 2013 1st-half, we increased underlying profit by +10%, announced a global aviation partnership with Emirates (EAD), launched Jetstar Japan (JJP), reinforced our position in the Australian domestic market, reduced comparable unit costs by -3%, announced the early repayment of $650 million in debt, commenced a share buy-back and sold non-core assets,” Joyce said. “In total, the Group achieved A$172 million in transformation benefits in (1H) 2013. The operating environment remains complex and volatile, but we are now beginning to realize the benefits of the tough decisions that we have made over the past 18 months.”
First-half revenue was A$8.2 billion, up +2.4% compared to the year-ago period. All operating segments were profitable except Qantas International (QAN), which reported an underlying (EBIT) loss of -$91 million in the 1st half, a +65% improvement of a -A$171 million loss year-over-year.
Jetstar (IMU) reported underlying (EBIT) of A$128 million, down from $147 million year-over-year, reflecting domestic market conditions and start-up investments in Jetstar Japan (JJP) and Jetstar Hong Kong (JHK). “Jetstar (IMU)’s revenues increased by +12%, as it positioned itself for a new phase of growth,” Joyce said.
“Jetstar Japan (JJP) commenced domestic operations in July and has made a strong start (with >600,000 passengers carried in its 1st 6 months). Singapore-based, Jetstar Asia (JSA) continued to grow, with an improvement in profitability, while the performance of Vietnam-based Jetstar Pacific (PAH) is also improving after an ownership restructure and fleet renewal program,” said Joyce.
He added, “Jetstar Hong Kong (JHK)’s application for regulatory approval is well underway, and though we do not take the outcome for granted, we believe there is a compelling case for a new low-cost carrier (LCC) in this market.”
Jetstar Hong Kong (JHK) has appointed Edward Lau as its (CEO), effective from February 18. Lau will join (JHK) from (TNT) (TNB), where he served for >10 years, holding senior positions across the company and most recently, Managing Director for Hong Kong. He has 35 years of experience in transport, logistics, freight and aviation, and previously worked for the Hay Group and Rosenbluth International.
(JHK) plans to launch in mid-2013, subject to regulatory approval and intends to grow to a fleet of 18 A320s by 2015.
March 2013: Jetstar Pacific (PAH) began Ho Chi Minh City to and Vinh to Buon Ma Thuot on March 26.
December 2013: Jetstar Pacific Airlines (PAH) has added +2 new domestic routes in Vietnam to its network. From December 16th it started operating daily flights from Ho Chi Minh City (SGN) to both Nha Trang (CXR) and Phu Quoc (PQC). Both routes are only just >300 km in length and are already served by both Vietnam Airlines (VIE) and VietJetAir (VJE) with multiple daily flights.
A320-232 (2922, VN-A558), ex-(EI-EYC), (ILF) leased.
March 2014: Jetstar Pacific Airlines (PAH) landed for the 1st time at Macau International Airport (MIA) on March 28th 2014, providing 2x-daily services between Macau and DaNang and 1x-daily service between Macau and Hanoi.
(PAH) is the 1st new carrier launched at (MIA) in 2014. (PAH) is Vietnam's 1st low-cost carrier (LCC); originally named Pacific Airlines and was re-branded to "Jetstar Pacific" in May 2008. Majority shares of Jetstar Pacific (PAH) are owned by Vietnam Airlines (VIE) and the Qantas (QAN) Group holds part of the shares. (PAH) operates a fleet of 7 airplanes made up of 5 Boeing 737s and 2 Airbus A320s providing services to 7 destinations across Vietnam, including Ho Chi Minh City, Hanoi, Da Nang, Hue, Vinh, Hai Phong and Nha Trang.
August 2014: (IATA) (ITA) is calling for Vietnamese authorities to ensure there are appropriate regulatory structures in place to oversee an expected wave of airport construction and privatization.
(IATA) welcomes Vietnam’s efforts to improve its aviation infrastructure, (IATA)’s Director General & (CEO) Tony Tyler said during a speech in Hanoi. To accommodate projected traffic increases, the government has drafted an aviation master plan that includes a goal of having 26 airports by 2020. Expansion is being undertaken at the major Hanoi and Ho Chi Minh City airports, and there are also plans for a new, much larger, international airport near Ho Chi Minh City to be completed by 2020.
However, Tyler stressed there should be “careful planning and industry consultation leading to a well-thought-out regulatory structure in advance of any change to the current structure and ownership of Vietnam’s airports.” In particular, (IATA) is recommending the establishment of an “effective independent economic regulator.” Such a step would help ensure “fair charging schemes aligned with (ICAO) policies.”
According to (IATA), Vietnam has signaled its intention to open its airports to foreign investment and management, and to privatize the Airports Corporation of Vietnam. While privatization would provide access to much-needed investment, Tyler said (IATA) has “seen enough spectacular examples of unintended negative consequences to urge caution.” Having a strong economic regulator would help “balance the market power of privatized airports.”
A320-232 (3621, VN-A560), ex-(RP-C8989), Maquarie AirFinance leased.
December 2014: Jetstar Pacific Airlines (PAH), which launched as long ago as May 2008, has begun only its 2nd international route from its main base at Ho Chi Minh City (SGN). On December 10th (PAH) began daily A320 flights on the 742 km route to Bangkok Suvarnabhumi (BKK). Competition will be intense as local carriers Thai Airways (TII) (2x-daily flights), VietJetAir (VJT) (2x-daily flights) and Vietnam Airlines (VIE) (18x-weekly) all compete for customers, while Jet Airways (JPL) and Turkish Airlines (THY) also operate daily flights between the 2 airports. In addition, Thai AirAsia (THA) operates 3x-daily flights between Ho Chi Minh City and Bangkok’s Don Mueang Airport. (PAH) serves 9 domestic destinations from Ho Chi Minh City, and began daily flights to Singapore on October 27th. (PAH) currently operates 8 A320s and is partly owned by Australia’s Qantas (QAN).
February 2015: Jetstar Pacific Airlines (PAH) at the beginning of February launched 3 new domestic routes across Vietnam, including 2 from its main base at Ho Chi Minh City (SGN). (PAH) faces direct competition on both of these routes from Vietnam Airlines (VIE), but its new daily service between Ban Me Thuot (BMV) and Haiphong (HPH) is not currently served by any other airline. This takes (PAH)’s network from 13 to 16 routes.
(PAH) followed the recent launch of 3 new domestic routes, with another, which commenced operations on February 3rd. This time, (PAH) is operating 2x-weekly (Tuesdays and Thursdays) on the 814 km route between Buon Ma Thuot (BMV) and Thanh Hoa (THD) using its A320s. No other airline serves this airport pair. Up until now, Thanh Hoa’s only scheduled services were to Ho Chi Minh City, operated daily by (PAH), VietJetAir (VJT) and Vietnam Airlines (VIE). The airport was upgraded from military to civil use in late 2012, with the 1st scheduled flight starting in February 2013. Thanh Hoa City is the capital of Thanh Hoa Province, by the Ma River and around 150 kms south of Hanoi.
August 2015: Jetstar Pacific Airlines (PAH) has launched a 2x-weekly service from Haiphong (HPH) in the north of Vietnam to Macau (MFM). Beginning on August 21, the 724-km sector from the country’s 3rd largest city (after Hanoi and Ho Chi Minh City), will be operated by (PAH)’s 180Y-seat A320s on Mondays and Fridays.
(PAH) currently operates double-daily flights from Macau to Danang and plans to launch Ho Chi Minh and Nha Trang services in September and October, respectively. The Haiphong to Macau route has no incumbent competing airlines.
December 2015: Global Explorer, the round-the-world fare offered by Oneworld (ONW) Alliance member airlines and selected partners outside the global alliance, has been added to the networks of Jetstar Asia (JSA), Jetstar Japan (JJP), and Jetstar Pacific (PAH). Jetstar’s Australian airline (IMU) already participates in the fare. The addition of these 3 carriers’ routes, effective December 1, adds >15 new destinations, 2 key Asian hubs (in Ho Chi Minh City and Singapore) and dozens more routes on board "Global Explorer."
This means Global Explorer now features some 230 destinations across Asia (and around 1,150 world wide, in >150 countries).
January 2016: China Aircraft Leasing Group (CHD) signed a letter of intent (LOI) with Jetstar Pacific Airlines (PAH) for 2 Airbus A320 aircraft, in addition to the agreement for 2 aircraft signed in November 2015. All 4 A320 aircraft are scheduled to be delivered in 2016. (CHD) also signed lease agreements with Sichuan Airlines (SIC) for the lease of 3 A320s on a 144-month lease term. The 3 aircraft are expected to be delivered in 2016.
April 2016: News Item A-1: "Jin Air Signs Interline Deal with the Jetstar Group" by (ATW) Jeremy Torr, April 15, 2016.
Low-cost carrier (LCC) Jin Air (JIN) has signed a code share agreement with the Australian-based Jetstar (IMU) Group to offer combined route bookings across both carrier’s networks.
The 2 (LCC)s will offer what they call “seamless travel packages” across both networks that include Jin Air (JIN)’s existing Korea-based network and the services of Jetstar Airways (IMU), Jetstar Asia (JSA), Jetstar Japan (JJP), and Jetstar Pacific (PAH).
Both carriers are offshoots of major full-fare carriers (Jin Air (JIN) out of Korean Air (KAL), and Jetstar (IMU) out of Australian flag carrier, Qantas (QAN).
This will be the 1st interline agreement that (JIN) has entered into with any other carrier and will allow Korean passengers significantly easier access into the SE Asian destination market. Jin Air (JIN) has been expanding its route offerings across the Asia-Pacific region including to Guam, Hawaii, Okinawa and Saipan.
“By acknowledging Jin Air’s potential, the Jetstar Group will be able to bring in more Korean customers to its airlines,” the company said.
Both carriers have begun work on combining booking and systems interlocks, and aim to launch the full code share program in (3Q) 2016.
Jin Air (JIN) said that although this is the 1st code share agreement it has signed, it expects to introduce more in coming years. “Following this collaboration, (JIN) will continue to explore further interline cooperation with other airlines.”
News Item A-2: Vietnamese low-cost carrier (LCC) Jetstar Pacific Airlines (PAH) aims to more than double its fleet of 12 Airbus A320 aircraft, partly through a $139 million investment by founding partners Qantas (QAN) and Vietnam Airlines (VIE).
The 2 full-service carriers will inject $42 million and $97 million, respectively, over the next 4 years. Qantas (QAN) owns 30% of the carrier, with (VIE) having equity in the remaining 70%.
(PAH) will take delivery of +2 A320-200s in August 2016, but is looking to acquire at least +18 aircraft by 2020. (PAH) said it eventually plans to have a 30-strong A320 fleet.
Although (PAH) is reported to have only 15% of the domestic marketshare in Vietnam, it has a healthy 83% LF load factor and says it is looking to grow business with an increase in routes as well as extra aircraft capacity on existing schedules. The rapidly expanding Vietnamese market has been dominated by privately owned (LCC) Vietjet (VJE), which boasts a 40% domestic market share.
Despite several years of profitless operation, (PAH) posted its 1st annual profit of +VND267 million/+$11,800) for (FY) 2015.
(PAH) operates 10 Airbus A320-200s and 2 A321-200s on flights to 16 destinations across Vietnam, China, Thailand, Macau, Singapore, and Hong Kong.
June 2016: "Fiji Airways and Jetstar Group Sign Interline Deal" by
(ATW) Jeremy Torr, June 2, 2016.
Fiji flag carrier, Fiji Airways (APC) and Asian low-cost carrier (LCC) group Jetstar (IMU) have signed an interline agreement covering 21 Asian destinations out of Singapore's Changi Airport from (APC)’s Nadi International Airport, and to further Jetstar (IMU) connecting destinations in the South Pacific.
The deal covers Asian-based subsidiaries Jetstar Airways (IMU), Jetstar Asia (JSA), Jetstar Japan (JJP), and Jetstar Pacific (PAH). All the group’s (LCC) carriers will offers connections into Fiji Airways (APC)’s recently launched schedule on Singapore to Nadi.
Initial interline links will cover Thailand, Malaysia, Indonesia, Japan, China, Hong Kong, Taiwan, Vietnam, The Philippines, Cambodia and Myanmar.
Fiji Airways (APC) (CEO) Andre Viljoen said the agreement would offer “seamless” connecting travel from 21 cities out of Singapore in the 1st instance, but could in future be extended to include a total of 73 destinations by including those served by Australian affiliate Jetstar Airways (IMU).
The move bolsters Jetstar Group's existing interline portfolio of 46 partners that includes Air France (AFA) - (KLM), British Airways (BAB), China Eastern Airlines (CEA), and Qantas (QAN). This comes on the heels of the recently announced Value Alliance (VA), a collaborative marketing group of 8 Asian (LCC)s.
The (VA) group, promises increased marketing and booking options for travelers across 8 Asian (LCC)s from Korea and Japan to the Philippines (but does not include Jetstar (IMU)).
Fiji Airways (APC) operates a 15-aircraft fleet including Airbus A330s, Boeing 737s, ATR72 and ATR42 turboprops and DHC-6 Twin Otters. It serves 48 destinations in 12 countries across the Pacific islands, Oceania, Australasia, the USA and Hong Kong.
September 2016: Vietnamese low-cost carrier (LCC) Jetstar Pacific (PAH) has firmed up a memorandum of understanding (MOU) for 10 A320ceos, which it will use for network expansion.
Ho Chi Minh City-based (PAH) signed an (MOU) for the 10 aircraft at the Farnborough Airshow in July. This agreement was firmed on September 6, coinciding with French President François Hollande’s state visit to Vietnam. “These new aircraft will be used primarily to expand our international network from Vietnam as part of the wider Jetstar Group. As competition grows in Vietnam, we believe that the A320 and our value-based quality service will place us well to attract a growing share of the market,” (PAH) (CEO) Le Hong Ha said.
(PAH), a 70/30 joint venture (JV) between Vietnam Airlines (VIE) and the Qantas Group, operates a fleet of 12 leased A320ceo family aircraft to 33 domestic and regional destinations. (PAH) plans to increase its fleet to 30 aircraft between 2016 and 2020, with this latest 10 scheduled for delivery in 2017.
The order from Jetstar Pacific (PAH) marks the 1st direct purchase by (PAH) from Airbus (EDS).
December 2016: China Aircraft Leasing Group (CHD) delivered the 4th and final Airbus A320 to Jetstar Pacific Airlines (PAH).
February 2017: Ho Chi Minh City-based low-cost carrier (LCC) Jetstar Pacific Airlines (PAH) will sell and lease back 10 new Airbus A320-200s to USA-based lessor Aviation Capital Group (CGP).
(PAH), a 70/30 joint venture between Vietnam Airlines (VIE) and the Qantas (QAN) Group, ordered the 10 A320s in September 2016, valued at $980 million at list prices. The order was originally announced as an (MOU) at the 2016 Farnborough Airshow, shortly after (VIE) and Qantas (QAN) said they would invest $139 million in the (LCC) over a 4-year period, helping the airline to double its fleet to 30 A320 aircraft by 2020. It was (PAH)’s 1st direct purchase of aircraft from Airbus (EDS). The 1st 2 A320s from the order are expected to be delivered in June, with the remaining 8 scheduled for the last 2 quarters of 2017.
In January, (CGP) ordered 35 A320 family aircraft with 10 options valued at $4.9 billion if all options are exercised.
Click below for photos:
PAH-757 FAT LSD 2004-07
PAH-A310-300 - 2002-06
PAH-A320 BH AIR LZ-BHE
0 737-4Q8 (CFM56-3C1) (2486-26289, /93 VN-A192), (NBB) LEASING LEASED 2008-07. RETURNED. 18C, 60Y.
0 737-4YO (CFM56-3C1) (1779-24513, /89 PK-LIG; 1803-24520, /89 PK-LIH), (MLI) WET-LEASED IN WHITE COLORS AND PACIFIC TITLES. RETURNED. 170Y.
0 737-43Q (CFM56-3C1) (2830-28490, /96 VN-A189), AIRCRAFT LEASING LEASED 2006-04. RETURNED. 14C, 110Y.
0 737-430 (2344-27004, SX-BFY "CITY OF KAVALA"), (GLY) WET-LEASED 2000-12. RETURNED (FLL), LEASED TO (SYC) 2001-04.
0 737-436 (CF6M56-3C1) (2386-25850, /92 VN-A194), TOP FLIGHT LEASING LEASED 2008-07. RETURNED. 120CY, 27Y.
0 737-4H6 (CFM56-3C1) (2657-27383, /94 VN-A190; 2685-27306, /94 VN-A191), (GCP) LEASED 2007-07. RETURNED. 16F, 128Y.
0 757-23APF (RB211-535E4) (314-24868, B-27201), (FAT) WET-LEASED 2004-07. RETURNED.
0 MD-82 (2127-53480, /95 10 08, B-88889), RETURNED (CHN) 2001-05.
0 MD-82 (JT8D-217C) (2145-53481, /96 B-88898), (RAE) WET-LEASED 2002-11 to 2003-05, RETURNED, LEASED TO (BRM) 2003-05. 165Y.
0 MD-90-30 (2217-53572, B-17917), (MAK) LEASED 2000-09. RETURNED.
0 A300B4-605R (CF6-80C2A5) (584, /91 S7-RGO), (RAE) WET-LEASED. RETURNED. 28C, 237Y.
0 A310-322 (S7-RGN), (RAE) WET-LEASED 2001-08 (437). RETURNED.
0 A310-324 (PW4152) (549, /90 S7-RGP), (GAX) LEASED, (RAE) WET-LEASED 2001-10, RETURNED (ILF) 2003-08. 30C, 179Y.
8 +2 ORDERS A320ceo, AVIATION CAPITAL GROUP (CGP) LEASED.
0 A320-211 (029, LZ-BHA), BH AIR (BGH) WET-LEASED 2006-01. RETURNED.
0 A320-211 (305, LZ-BHE), (BGH) LEASED 2006-01. WET-LEASED TO (PAH) 2006-12 - SEE PHOTO. RETURNED. 179Y.
1 A320-232 (V2527-A5) (990, /99 VN-A195), CASTLE (CSL) LEASED 2008-12. 180Y.
0 A320-232 (V2527-A5) (542, /97 S7-RGL), (RAE) WET-LEASED. RETURNED, LEASED TO (WJT) 2005-02. 179Y.
1 A320-232 (V2527-A5) (4459, /10 VN-A196), (AWAS) (AWW) LEASED 2010-10. 179Y.
1 A320-232 (V2527-A5) (2922, VN-A558), EX-(EI-EYC), (ILF) LEASED 2013-12. 179Y.
1 A320-232 (V2527-A5) (4533, VN-A562), EX-(RP-C8991), 2015-05. 179Y.
0 A320-233 (789, VN-A168), (PSS) LSD 2003-11. GROUNDED 2006-04. RETURNED.
1 A320-232 (3621, VN-A560), EX-(RP-C8989), MACQUARIE AIRFINANCE LEASED 2014-08.
1 A320-233 (2517, VN-A563), EX-(EI-FME) BABCOCK & BROWN LEASED 2015-12.
0 A321-131 (V2530-A5) (604, /96 S7-RGJ), (RAE) WET-LEASED 2001-11. RETURNED. 16C, 156Y.
0 A321-131 (V2530-A5) (614, /96 S7-RGK), (RAE) WET-LEASED 2001-10. RETURNED. 16C, 156Y.
TRAN HUU TIEN, CHAIRMAN.
BRUCE BUCHANAN JETSTAR GROUP CHIEF EXECUTIVE OFFICER (CEO) OF (PAH) & (JSA) (2011-10).
LE SONG LAI, CHIEF EXECUTIVE OFFICER (CEO).
CHONG PHIT LIAN, CHIEF EXECUTIVE OFFICER (CEO) JETSTAR ASIA (JSA).
VU DUY DU, DEPUTY MANAGING DIRECTOR
NGUYEN KHAC HUNG, DEPUTY MANAGING DIRECTOR TECHNICAL
LE HONG PHO, DEPUTY MANAGING DIRECTOR COMMERCE
DANIELA MARSILLI, CHIEF OPERATIONS OFFICER (COO), EX-(QAN), RETURNED TO (QAN) IN 2010-07.
TRISTAN FREEMAN, CHIEF FINANCIAL OFFICER (CFO), EX-(QAN), RETURNED TO (QAN) 2010-07.
NGUYEN HUU THUAN, DIRECTOR FLIGHT OPERATIONS
NGUYEN NGOC TOAN, DIRECTOR FINANCE
BUI MANH COUNG, DIRECTOR PASSENGER SERVICES
BUI QUOC PHUONG, MANAHER HUMAN RESOURCES (HR).