Budget to boost Vietnam’s tourism

December 4, 2017 by  
Filed under News, Vietnam

HANOI, 4 December 2017: Vietnam will spend over USD1.3 billion (VND30 trillion) to improve tourism infrastructure through to 2020, according to a government programme approved recently.

The budget and programme were approved by the Prime Minister last month in a move to create “modern and developed infrastructure” that will turn the country into the preferred destination in mainland ASEAN.

The plan calls for tourism to double visits from 10 million in 2016 to 20 million in 2020. Read more

Wizz makes ready for Brexit

October 20, 2017 by  
Filed under Aviation, EUROPE, News

LONDON, 20 October 2017: Hungarian budget airline Wizz Air announced, Wednesday, that it has applied for a British air operator’s licence in order to make its operations “Brexit ready”.

Wizz Air said in a statement to the London Stock Exchange that it will establish a British division Wizz Air UK, which will be based at Luton Airport, north of the British capital.

Wizz Air UK will begin operations in March 2018, subject to the receipt of an Air Operator’s Certificate (AOC) and Operating Licence from the Civil Aviation Authority (CAA), it added. Read more

Budget airlines drive aircraft demand

September 25, 2017 by  
Filed under News, Singapore

SINGAPORE, 25 September 2017: Smaller planes will dominate aviation orders worldwide in the next 20 years, driven by the needs of budget airlines in emerging markets like Southeast Asia, Boeing said Friday.

Nearly three in four of the 41,030 new commerical planes expected to be delivered in the period at a cost of USD6.1 trillion will be single-aisle, according to the US aircraft maker.

“As you would expect because of the dominance of (low cost carriers) and requirements to connect shorter ranges, 72% of units will be in the single-aisle category,” Dinesh Keskar, Boeing’s senior vice president for Asia-Pacific and India sales, said at a briefing in Singapore. Read more

Flyadeal aloft in September

August 28, 2017 by  
Filed under Aviation, Middle east, News

JEDDHA, 28 August 2017: Saudi Arabia’s new budget carrier Flyadeal said, late last week, it would start flying next month, as the kingdom sought to expand air services to boost tourism in a radical overhaul of its oil-dependent economy.

Flyadeal, a subsidiary of the state-owned Saudi Arabian Airlines corporation, will operate a fleet of eight Airbus A320ceo aircraft and initially fly domestic routes before expanding in the Middle East.

“The launch is essential to contributing to the continued growth in air travel in Saudi Arabia and beyond,” said Flyadeal chairman Saleh bin Nasser Al-Jasser after taking delivery of the first aircraft in the German city of Hamburg. Read more

ANA profits rise

August 3, 2017 by  
Filed under Aviation, News, North Asia

TOKYO, 3 August 2017: The parent company of Japanese carrier All Nippon Airways (ANA) said, Wednesday, its quarterly net profit skyrocketed after it raised its stake in a budget carrier, confirming it is on course for a new record full-year profit.

ANA Holdings has soared in recent years, booking an all-time high net profit for the last fiscal year on gains in its international business.

It said Wednesday that net profit came to 51.1 billion yen (USD462 million) for April to June, up from 6.6 billion yen from a year earlier. Read more

AoT ready to spend on airports

February 23, 2017 by  
Filed under Aviation, News, Thailand

BANGKOK, 23 February 2017: Airports of Thailand has allocated a budget of THB220 billion to improve six airports under its management.

National News Bureau of Thailand quoted AoT president Nitinai Sirismatthakarn, saying the AoT executive board had approved the mid-term airports development budget worth THB220 billion for its six AoT-operated airports until 2025.

The airports are: Suvarnabhumi and Don Mueang in Bangkok, Chiang Mai and Chiang Rai in North Thailand and Hat Yai and Phuket in the South. Read more

Shoestring budget slows Vietnam’s tourism

April 9, 2015 by  
Filed under News, Vietnam

HANOI, 9 April 2015: Vietnam National Administration of Tourism says a shoestring budget is hampering tourism promotion campaigns and ultimately reducing the country’s ability to grow tourist arrivals.

VNAT Chief, Nguyen Van Tuan, told local media that the tight budget handed to his agency to promote tourism was used for different activities so channelling more funds to promotions was difficult.

Vietnam generates around USD700 million in tourism revenue a year, but funds for actual promotions are minimal, well below its neighbours and insufficient to support industry growth, he said.

Read more