Vietjet sets 2021 revenue target of 945 million USD this year
Vietjet Aviation Joint Stock Company (HoSE: VJC) targets a consolidated revenue of 21.9 trillion VND (945million USD) in 2021, achieving year-on-year growth of 20 percent.
Hanoi (VNA) - Vietjet Aviation Joint Stock Company (HoSE: VJC) targetsa consolidated revenue of 21.9 trillion VND (945 million USD) in 2021, achievingyear-on-year growth of 20 percent.
In particular, Vietjet will strive to achieve an air transport revenue of 15.5trillion VND (670 million USD) by the year-end.
These figures were announced at the company's Annual General Meeting ofShareholders 2021 in Ho Chi Minh on June 29.
Such goals will be mainly driven by an exponential increase in cargo revenue,new services in air transport, personnel training and aircraft maintenance andseveral investments in projects and finance, according to Vietjet.
Vietjet will keep revolving around its customer-focused strategy while strivingfor innovation and creativity. It is expected to digitalise every serviceavailable and operation protocols, growing business while improving itsproductivity and service quality.
In 2021, it is aiming to have its passenger load factor reaching 80 percent,on-time performance standing at over 90 percent, and to serve up to 15 millionpassengers across its flight network.
Vietjet’s President and CEO Nguyen Thi Phuong Thao said: “As a better futurelies ahead, we’ll work hard and relentlessly to make it come closer.”
In his speech at the event, General Director of Civil Aviation Authority ofVietnam Dinh Viet Thang praised Vietjet’s enormous efforts to remove obstaclesand sustain its business during the pandemic, especially in abiding by strictCOVID-19 prevention regulations.
He said that the company had played an active role in many of the Government’scampaigns including repatriating Vietnamese overseas and airlifting diseaseprevention equipment.
Deputy Minister of Transport Le Anh Tuan said he believed that Vietjet would beable to stay on this track once the pandemic is over.
During the event, Vietjet shareholders also allowed the Board of Directors(BOD) to decide on a plan to raise charter capital through private placement ofshares at a maximum of 15 percent of the charter capital in order to guaranteesufficient resources for a safe and efficient comeback of Vietjet.
The BOD will also consider a 300 million USD international bond offering in2021-22 to allow Vietjet to improve its financial position and to stay on trackof sustainable growth.
The shareholders also passed an employee stock ownership plan (ESOP) to issueup to 10 million shares. It is expected to give a boost to innovation andcreativity, encouraging the working spirit and employee retention for the sakeof Vietjet’s development./.
Vietjet will participate in trialling the International Air Transport Association (IATA) Travel Pass, a mobile app to manage digital health credentials in order to bring the best experiences to customers.
Vietjet is offering three golden days of promotion from June 28 to Jun 30 with hundreds of thousands of tickets from only 0 VND to celebrate Vietnam Family Day (June 28).
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Illustrative photo (Source: VNA) 
