VietJet Air

What VietJet Air does

VietJet Air (VietJet Aviation Joint Stock Company) is Vietnam's first privately-owned low-cost carrier, founded in 2007 and headquartered at 302/3 Kim Ma Street, Hanoi. The airline operates a fleet of 135 aircraft across 120+ domestic and international routes with approximately 400 daily flights, serving price-sensitive leisure travelers, Vietnam's growing middle class, and inbound tourists across Asia-Pacific and Europe. Its network spans Vietnam domestic, ASEAN (Thailand, Singapore, Philippines, Indonesia), East Asia (Japan, Korea, China, Hong Kong), South Asia (India with 25 routes / 2.5M+ passengers, Sri Lanka launched August 2026), Central Asia (Kazakhstan), Oceania (Australia), and Europe (Prague launched October 2026). It is publicly listed on the Ho Chi Minh Stock Exchange under ticker VJC, with 6,000+ employees and a wholly-owned Thai subsidiary (Thai VietJet).

VietJet's business model is classic low-cost carrier combined with aggressive ancillary monetization. Base fares are positioned at the low end of the market — domestic fares as low as VND 650,000 (~US$25), international launch fares from US$90 — and a substantial share of unit revenue comes from add-on services including baggage, seat selection, Vikkafe in-flight meals, SkyShop duty-free, travel insurance (VietJet Travel Safe, SkyCare), Power Pass subscriptions, E-SIM, E-Visa, cargo (Swift247), and Xanh SM airport taxi integration. Distribution is multi-channel: vietjetair.com and the mobile app for direct bookings, AirAsia MOVE and GalaxyJoy for OTA reach, GDS/interline for travel agents, authorized ticket offices, and Sky Corporate for enterprise bookings. Marketing relies on promotional fare campaigns, social media (Facebook, Instagram, X, Zalo, Line), and earned media at industry events such as Vietnam Aero Summit 2026 and Singapore Airshow 2026.

The underlying platform is a modern fuel-efficient narrowbody and regional fleet — Airbus A320neo family, Boeing 737-8, Comac C909 regional jets, and newly delivered A330neo aircraft for European long-haul — powered by Pratt & Whitney GTF engines (up to 20% lower fuel burn) and supported by a 12-year EngineWise Comprehensive maintenance contract. Strategic partners span OEMs (Pratt & Whitney, Boeing, Comac), lessors and financiers (PIMCO, Griffin Global Asset Management, AV AirFinance, SPDB Financial Leasing), and infrastructure players (GMR Airports, Bird Group, Airports Corporation of Vietnam, Thailand's Eastern Economic Corridor Office). The airline carries a Top 6 ASEAN Most Valuable Airline Brands ranking (Brand Finance 2025), a 7-star safety rating, and 9th placement in AirlineRatings' Top 10 Safest Low-Cost Airlines 2026.

Name

VietJet Air

Legal name

VietJet Aviation Joint Stock Company

Website

https://vietjetair.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

VietJet Air is Vietnam's first privately-owned low-cost carrier, operating a 135-aircraft fleet across 120+ domestic and international routes with ~400 daily flights, serving budget-conscious leisure and business travelers across Asia-Pacific and Europe through low base fares plus ancillary services.

Ownership category

akta.pro rank

Product category

Low-Cost Airline / Passenger Air Transportation

NAICS

Scheduled Passenger Air Transportation (481111), Air Transportation (481)

SIC

Air Transportation, Scheduled (4512)

akta.pro primary industry

Low-Cost Regional/Short-Haul Carriers (THABABAF)

Keywords

• Low-cost airline
• Passenger air transport
• Airline ticket sales
• In-flight ancillaries
• Charter and cargo services

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Airline ticket sales: Primary revenue stream from selling passenger airline tickets across domestic and international routes. Additional ancillary revenue from baggage fees, seat selection, in-flight meals (Vikkafe), duty-free shopping (Skyshop), travel insurance, e-vouchers, and cargo services.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

VietJet Air is a Vietnamese low-cost carrier providing scheduled domestic and international passenger air transportation across 120+ routes and approximately 400 daily flights, supported by ancillary revenue streams including baggage, seat selection, in-flight meals (Vikkafe), duty-free shopping (SkyShop), travel insurance, and loyalty rewards (SkyJoy). The airline operates a fleet of 135 aircraft with nearly 600 additional aircraft on order, and is expanding across Asia-Pacific and into Europe.

Product overview

VietJet Air is a Vietnamese low-cost airline offering a comprehensive air travel platform with core passenger transport services supplemented by extensive ancillary offerings. The product ecosystem consists of the main airline service (domestic and international passenger flights), premium cabin options (SkyBoss business class, Business Class, Luxury Lounge access), loyalty programs (SkyJoy), and a broad range of add-on services including baggage, meals, seat selection, insurance, cargo shipping, ground transportation, and travel assistance. The airline operates a fleet of over 100 aircraft and serves 120+ routes with approximately 400 daily flights, positioning itself as one of Asia's fastest-growing low-cost carriers.

Differentiator

Problem solved

Functional benefit

Brands

• SkyBoss: Premium business class service offering featuring priority check-in, extra baggage allowance, and lounge access.
• Eco
• SkyJoy
• SkyShop
• SkyCare

Products and services

• VietJet Air Passenger Transport Core low-cost airline offering scheduled domestic and international passenger air transport across 120+ routes and 400+ daily flights using a fleet of 135 aircraft, serving price-sensitive leisure and business travelers across Asia-Pacific and Europe.
• SkyJoy Loyalty Program Free-to-join loyalty program enabling passengers to earn and redeem SkyPoints on VietJet flights and partner offerings, with tiered membership benefits, exclusive promotions, and rewards accessible via the SkyJoy app and website.
• SkyBoss Premium Service Premium cabin/ancillary bundle offering priority check-in, extra baggage allowance, flexible booking, SkyBoss lounge access, and enhanced onboard service on select routes.
• Business Class Full business class cabin offering enhanced seating, premium meals, priority check-in, lounge access, and flexible ticketing on select international routes.
• SkyShop (Duty-Free Shopping) In-flight and online duty-free retail platform (DutyFreeVietJet.com) offering branded products and souvenirs at discounted prices that passengers can pre-order or buy onboard.
• VietJet Travel Safe Insurance Paid travel insurance add-on available at VND44,000 per one-way trip, providing up to 2 billion VND coverage for accidents, medical expenses, flight delays, cancellations, and baggage loss/damage on domestic Vietnam flights and selected international routes.
• Power Pass (SkyBoss) Subscription-based air travel package offering members unlimited flight credits on select routes under a 'Buy Once, Fly Hundred Times' model for frequent business and executive travelers.
• E-SIM Service Digital SIM card product providing mobile data connectivity for international travelers, sold through the VietJet booking platform.
• E-Visa Assistance Electronic visa application assistance service facilitating visa processing for international travelers entering Vietnam and other supported destinations.
• Express Shipping (Cargo) Cargo and express shipping service for parcels and freight utilizing VietJet's air network, operated via the swift247.vn platform integration.
• Fly First, Pay Later Installment payment product enabling passengers to purchase airline tickets on credit with terms up to 6 months and no income proof required, offered in partnership with Di-HDBank.
• Airport Taxi (Xanh SM) Pre-bookable green electric taxi service for airport pickup and drop-off with saver packages, integrated through the VietJet booking platform in partnership with Xanh SM Taxi.
• Luxury Lounge Access Airport lounge access product at select airports including The Champ Lounge and Lotus Lounge, offering comfortable waiting areas with refreshments and amenities.
• Sky Pet (Pet in Cabin) Paid pet transportation service enabling passengers to bring dogs and cats in the cabin on Vietnam domestic flights, subject to VietJet's pet travel policy.
• Thai VietJet (Subsidiary Airline) Wholly-owned Thai subsidiary airline operating regional routes from Thailand, currently with 22 Boeing 737-8 aircraft and planned expansion to 50 aircraft plus an MRO facility at U-Tapao airport near Bangkok.
• Hanoi to Prague Route New direct scheduled passenger route between Hanoi and Prague using Airbus A330 aircraft, operating twice weekly, marking VietJet's first scheduled service to the Czech Republic and a key step in its European network expansion.
• Colombo to Ho Chi Minh City Route First-ever direct scheduled passenger route connecting Colombo, Sri Lanka with Ho Chi Minh City, Vietnam, operating three weekly round-trip flights with fares starting from USD90 one-way.
• Hanoi to Jakarta Route New direct scheduled passenger route between Hanoi, Vietnam and Jakarta, Indonesia, launched as part of VietJet's 2026 Southeast Asia network expansion.
• Manila to Ho Chi Minh City Route First direct scheduled passenger route connecting Manila, Philippines with Ho Chi Minh City, Vietnam, marking VietJet's market entry into the Philippines.

Quantifiable outcome

• 50 millionth passenger milestone reached in Thailand
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability5 records

Feature1 record

Partnerships

Nine partnerships are on record, tiered core, major and minor.

• BoeingcoreTechnology or Integration · 9 June 2026Vietnam's Ministry of Construction ordered major airlines including VietJet to review and accelerate multibillion-dollar aircraft purchase agreements with Boeing. VietJet has deals for Boeing 737 MAX aircraft and received a $965 million financing deal with Griffin for 6 Boeing 737-8 aircraft.
• Thailand's Eastern Economic Corridor OfficemajorStrategic or Co-development Partner · 29 May 2026VietJet signed an agreement with Thailand's Eastern Economic Corridor Office to develop an MRO facility at U-Tapao airport near Bangkok, enhancing technical capabilities, operational efficiency, and fleet readiness for the carrier's regional operations.
• GMR Airports LimitedcoreStrategic or Co-development Partner · 11 May 2026Vietjet signed cooperation agreements with India's GMR Airports covering aviation infrastructure, services, technology, and connectivity. The partnership focuses on joint air connectivity development, logistics, smart airports, and long-term investment between Vietnam and India.
• Bird GroupcoreStrategic or Co-development Partner · 11 May 2026Vietjet signed cooperation agreements with Bird Group covering ground handling services, aviation training programs, and hospitality services to modernize the Vietnam-India travel corridor.
• Airports Corporation of VietnamcoreStrategic or Co-development Partner · 7 May 2026Partnership agreements signed at the India-Vietnam Business Forum in Mumbai included Airports Corporation of Vietnam with JPMorgan Chase and VietJet Air with GMR Airports Limited, aimed at expanding aviation connectivity between Vietnam and India.
• Pratt & WhitneycoreTechnology or Integration · 4 February 2026VietJet ordered 44 additional GTF-powered Airbus A320neo family aircraft (24 A321neo and 20 A321XLR) with deliveries from July 2026, bringing total GTF-powered aircraft orders to 137. A 12-year EngineWise Comprehensive maintenance service contract supports the fleet.
• AirAsia MOVEminorChannel Partner/ Reseller/ Distributor · 24 December 2025AirAsia MOVE established strategic partnerships with Vietjet Air, Ethiopian Airlines, and Garuda Indonesia to expand its airline network and enhance customer options for regional and long-haul routes.
• GalaxyJoyminorChannel Partner/ Reseller/ Distributor · 1 December 2025AirAsia MOVE partnered with Vietnam's GalaxyJoy to add Vietjet Air's flight inventory to its platform, offering attractive prices, promotional offers, and loyalty points for ASEAN travelers.
• Comac (Commercial Aircraft Corp. of China Ltd.)majorTechnology or IntegrationVietJet expanded its fleet of Chinese-made Comac aircraft through a lease agreement with SPDB Financial Leasing for 10 Comac C909 regional jets. The airline also resumed flights to Con Dao using Comac C909 aircraft through a wet-lease agreement with Chengdu Airlines.

Scale indicators8 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• AirAsia Group: Largest ASEAN low-cost carrier group operating extensive intra-Asia and long-haul low-cost routes. Closest direct competitor to VietJet across Vietnam, Thailand, Malaysia, Indonesia, and the Philippines, and now a distribution partner via AirAsia MOVE.
• Cebu Pacific: Philippines-based low-cost carrier operating a young Airbus A320neo family fleet across domestic and international Asia-Pacific routes. Comparable LCC business model, fleet type, and target market to VietJet in Southeast Asia.
• IndiGo: India's largest low-cost carrier and one of the world's fastest-growing airlines, operating an all-Airbus A320neo fleet. Highly comparable in LCC model, cost discipline, and rapid growth trajectory, and a direct competitor on India-Vietnam routes.
• Lion Air: Indonesia-based ultra-low-cost carrier with an extensive Boeing 737 fleet across Southeast Asia. Comparable LCC model, large narrowbody order book, and overlapping ASEAN route network with VietJet.
• SpiceJet: Indian low-cost carrier operating Boeing 737 and Bombardier Q400 fleets on domestic and short-haul international routes. Comparable in LCC positioning, narrowbody fleet type, and South Asia connectivity overlap with VietJet.
• Spring Airlines: China's largest low-cost carrier operating an all-Airbus A320 family fleet across China and intra-Asia routes. Comparable LCC model, fleet composition, and cost-efficient operations; relevant given VietJet's expanding Comac C909 ties to China.

Broad incumbents

• Jetstar Airways: Qantas Group's LCC subsidiary operating A320 family aircraft across Australia, New Zealand, and Asia. Comparable LCC economics and narrowbody fleet, but backed by a full-service network carrier with broader international reach.
• Vietnam Airlines: Vietnam's flag carrier and full-service network airline, the largest domestic and international operator in Vietnam. Competes with VietJet in the same country market, but across premium, business, and full-service segments where VietJet's SkyBoss overlaps.

Emerging players

• Scoot: Singapore Airlines' low-cost subsidiary operating medium- and long-haul LCC services across Asia, Oceania, and Europe. Comparable in narrowbody and B787 long-haul LCC positioning as VietJet expands its A330neo European routes.

Regional players

• Peach Aviation: Japan-based low-cost carrier (owned by ANA Holdings) operating A320 family aircraft across Japan and intra-Asia. Comparable LCC model and fleet, focused primarily on the Japan market with overlapping regional connectivity into Vietnam and Southeast Asia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/vietjetaircom
• Facebookfacebook.com/VietjetAirVietnam
• Instagraminstagram.com/vietjet

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VietJet Air