Vietjet
Vietjet is Vietnam's largest private low-cost carrier, operating 130+ aircraft across domestic and international routes spanning 35+ countries, serving budget-conscious leisure and business travelers with four fare tiers and ancillary services.
- Company typePrivate
- Founded2007
- HeadquartersHanoi, Vietnam
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What Vietjet does
Vietjet is Vietnam's largest private low-cost carrier, founded in 2007 and commencing commercial operations in 2011 under the legal name VietJet Air Joint Stock Company. The airline operates a fleet of 130+ aircraft across a network spanning 35+ countries, with a backlog of nearly 600 aircraft on order from Airbus (100 A321neo), Boeing (200 737 MAX), and COMAC (C909). Its core product is point-to-point air travel across four fare classes — Eco, Deluxe, SkyBoss, and Business — sold directly via website, mobile app, and call center, supplemented by travel agency and OTA partnerships including AirAsia MOVE. Revenue is generated through three primary streams: passenger ticket sales (transaction-based fares), ancillary services (baggage, seat selection, meals, priority boarding), and cargo services.
The airline serves a fragmented consumer base of budget-conscious leisure travelers and premium business travelers across Asia-Pacific, with particular concentration on India-Vietnam routes (25 routes, 80 weekly flights, 2.5M+ passengers), Singapore-Vietnam connectivity (5 direct routes, 100+ weekly flights), and emerging Europe routes including a Vietnam-Czech Republic fifth-freedom service. Pricing begins at approximately 58,000 VND for base economy, with SkyBoss and Business class tiers positioned at ₹24,400 and ₹27,200 respectively for India-Vietnam one-way fares. Ancillary revenue is a meaningful component, with unbundled baggage, meal, and seat selection fees across multiple fare bundles.
Vietjet's business model is anchored in aggressive fleet expansion funded through structured aviation finance — including $965M from Griffin Global Asset Management, $5.4B in Pratt & Whitney engine agreements, $300M from AV AirFinance, and a COMAC C909 lease facility from SPDB Financial Leasing. The airline operates Thai Vietjet as a joint venture subsidiary in Thailand and is a founding member of the Asia-Pacific Aviation Financial Hub launched in Ho Chi Minh City, which targets $50B in transaction value by 2035. State-level diplomatic support from Vietnamese leadership during bilateral visits to the US, China, and India has facilitated major aircraft orders and operational partnerships with GMR Airports and Bird Group.
Vietjet firmographics
Firmographics- Name
- Vietjet
- Legal name
- VietJet Air Joint Stock Company
- Website
- https://vietjets.com.vn
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Vietjet is Vietnam's largest private low-cost carrier, operating 130+ aircraft across domestic and international routes spanning 35+ countries, serving budget-conscious leisure and business travelers with four fare tiers and ancillary services.
- Ownership category
- akta.pro rank
Vietjet industry classification
Industry- Product category
- Low-Cost Passenger Air Transportation
- NAICS
- Scheduled Passenger Air Transportation (481111), Scheduled Air Transportation (4811)
- SIC
- Air Transportation, Scheduled (4512)
- akta.pro primary industry
- Low-Cost Regional/Short-Haul Carriers (THABABAF)
- akta.pro secondary industries
- Scheduled Air Cargo Airlines (All-Cargo Carriers) (THABAEAA), Premium Full-Service Airlines (High-Yield Focus) (THABAAAE)
Keywords
Where Vietjet is headquartered
LocationHeadquarters
- HQ city
- Hanoi
- HQ country
- Vietnam
- HQ region
- Asia
Offices1 record
Markets served
Vietjet business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure
Revenue model
- Passenger Ticket Sales: Core revenue from selling airline tickets across economy, premium economy, and business class cabins on domestic and international routes
- Ancillary Services: Revenue from checked baggage, seat selection, in-flight meals, priority boarding, and other optional services
- Cargo Services: Freight transportation services complementing passenger operations
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Eco Class - Base fare with optional add-ons |
| Transaction based/ take rate | Pay-as-you-go | Deluxe Class - Enhanced flexibility |
| Transaction based/ take rate | Pay-as-you-go | SkyBoss Class - Premium business experience |
| Transaction based/ take rate | Pay-as-you-go | Business Class - Full service premium |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Vietjet product offering
Product offeringCore offering
Vietjet operates scheduled passenger air transportation services across a network of domestic Vietnam routes and international destinations spanning more than 30 locations in the Asia-Pacific region and beyond. The airline sells tickets under a low-cost carrier model with multiple fare classes (Eco, Deluxe, SkyBoss, and Business) and generates ancillary revenue from baggage, seat selection, in-flight meals, and other optional services. It also provides complementary air cargo services.
Product overview
Vietjet is Vietnam's largest private low-cost airline offering air transportation services across domestic Vietnam routes and international routes spanning Asia-Pacific. The airline's product portfolio is organized around multiple fare classes — Eco, Deluxe, SkyBoss (premium economy with priority services and 30 kg baggage), and Business (full business class with 40 kg baggage and lounge access) — with SkyBoss and Business notably promoted on India–Vietnam routes. Vietjet's fleet expansion strategy is supported by multi-billion-dollar agreements with aircraft manufacturers (Airbus, Boeing, COMAC) and engine providers (Pratt & Whitney, Rolls-Royce), and the airline serves as a founding member of the Asia-Pacific Aviation Financial Hub. The airline operates new routes such as Singapore–Nha Trang and partners with Swissport for ground handling services.
Differentiator
Problem solved
Functional benefit
Products and services
- SkyBoss Premium Cabin Class
Quantifiable outcome
- 25 routes serving India-Vietnam with 80 weekly flights
- +2 more outcomes
Companies that use Vietjet
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
Vietjet technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Vietjet partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- GMR Airports LimitedcoreStrategic cooperation agreement covering joint development of air connectivity, aviation infrastructure, logistics, smart airports, and long-term investment initiatives between India and Vietnam
- Bird GroupcorePartnership focusing on ground handling services, staff training, aviation technology, and travel and hospitality services to strengthen India-Vietnam aviation connectivity
- BoeingcorePurchase agreements for Boeing aircraft including $965 million financing for 6 Boeing 737-8 jets; Vietjet has ordered 200 Boeing 737 MAX jets total
- Pratt & Whitneycore$5.4 billion agreement for supply and maintenance of 44 engines for A321neo and A321XLR aircraft, part of $6.1 billion in fleet and finance deals at Singapore Airshow 2026
- AirbuscoreOrder for 100 Airbus A321neo jets and 40 Rolls-Royce Trent 7000 engines, valued at approximately $25 billion for aircraft and $3.8 billion for engines
- Rolls-RoycecoreEngine agreement for 40 Rolls-Royce Trent 7000 engines valued at approximately $3.8 billion to power Airbus A321neo aircraft
- AirAsia MOVEminorMajor partnership with AirAsia MOVE (digital arm of Malaysia-based Capital A) for expanded distribution and content partnership
- SwissportminorGround handling services partnership as part of Swissport's operations in Vietnam serving Vietjet flights
Scale indicators10 records
Recent moves14 records
Expansion highlights6 records
Vietjet competitors and assessment
Company assessmentDirect peers
- Thai Vietjet: Joint-venture subsidiary of Vietjet Air operating low-cost flights out of Bangkok; provides the most like-for-like comparison of Vietjet's unit economics and intra-Southeast Asia route performance.
- Jetstar Airways: Qantas-owned Asia-Pacific LCC brand competing with Vietjet on Australia, Japan and intra-Asia routes; structurally analogous LCC model with parent-backed financing capability.
- Peach Aviation: Japanese low-cost carrier (ANA-controlled) operating Airbus A320-family aircraft; a directly comparable Asian LCC competitor particularly on Vietjet's expanding Vietnam-Japan routes.
- Scoot: Singapore-based low-cost subsidiary of Singapore Airlines that competes directly with Vietjet on the Singapore-Vietnam corridor (Vietjet's fifth direct route is Singapore-Nha Trang); comparable narrow-body, long-haul low-cost strategy.
- AirAsia (Capital A): Malaysian-based Asia-Pacific low-cost carrier group with overlapping route network across Vietnam, India, Thailand and Singapore; operates a similar direct-to-consumer booking platform, multi-cabin strategy and is a content partner with Vietjet via AirAsia MOVE.
- Cebu Pacific: Philippine low-cost carrier competing head-to-head with Vietjet on Southeast Asian intra-regional routes; comparable narrow-body fleet, ancillary-led revenue model, and similar cross-border point-to-point strategy.
- IndiGo: India's largest low-cost carrier and a direct counter-party on the high-volume India-Vietnam corridor where Vietjet has 25 routes and 2.5M passengers; both operate single-aisle Airbus A320-family fleets with similar LCC economics.
- Lion Air: Indonesian low-cost group operating large Boeing 737 fleets across Southeast Asia; a direct competitor for Vietnam-Indonesia traffic and a structural peer in Boeing narrow-body LCC operations.
Broad incumbents
- Wizz Air: European ultra-low-cost carrier that has expanded into the Middle East and Asia; useful global benchmark for LCC cost structure, ancillary attach rates, and large narrow-body fleet economics relevant to Vietjet's order book.
- Vietnam Airlines: State-owned flag carrier with a full-service network plus JPA joint venture; the principal domestic and long-haul incumbent against which Vietjet competes and on whose pricing and schedule Vietjet's expansion plans depend.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Vietjet social profiles
Digital presenceVietjet financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vietjet leadership team
Management profileNumber of profiles
Profiles2 records
Vietjet subsidiaries and ownership
Company hierarchySubsidiaries1 record
Vietjet funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vietjet M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vietjet
What does Vietjet do?
Vietjet operates scheduled passenger air transportation services across a network of domestic Vietnam routes and international destinations spanning more than 30 locations in the Asia-Pacific region and beyond. The airline sells tickets under a low-cost carrier model with multiple fare classes (Eco, Deluxe, SkyBoss, and Business) and generates ancillary revenue from baggage, seat selection, in-flight meals, and other optional services. It also provides complementary air cargo services.
Is Vietjet a public or private company?
Vietjet is a private company. It is classified as unknown and is currently operating.
When was Vietjet founded?
Vietjet was founded in 2007. It employs 501 to 1,000 people.
Where is Vietjet based?
Vietjet is headquartered in Hanoi, Vietnam, in the Asia region.
How does Vietjet make money?
Three revenue lines are on record. Passenger Ticket Sales are the primary driver. The others are ancillary Services and cargo Services.
Who are Vietjet's main competitors?
Direct peers on record are Thai Vietjet, Jetstar Airways, Peach Aviation, Scoot, AirAsia (Capital A), Cebu Pacific, IndiGo and Lion Air. Broad incumbents are Wizz Air and Vietnam Airlines.
Does Vietjet have an API?
No public API is recorded for Vietjet.
What industry is Vietjet in?
Vietjet's product category is Low-Cost Passenger Air Transportation. Its primary akta.pro industry code is THABABAF, Low-Cost Regional/Short-Haul Carriers, with a secondary code of THABAEAA, Scheduled Air Cargo Airlines (All-Cargo Carriers). Its NAICS code is 481111 and its SIC code is 4512.