Posted on: 07 April 2010 by Ross McSweeny
The signing of a strategic partnership deal between VietJet Aviation Joint Stock Company (VietJet Air) and AirAsia Berhad has taken placed in Hanoi. VietJet Air CEO Nguyen Duc Tam and AirAsia Group CEO Tony Fernandes signed the agreement.
AirAsia had earlier acquired a 30% equity stake in VietJet Air, which is launching a Vietnam-based low-cost airline, tentatively called VietJet AirAsia, which will be operating both domestic and international flights.
The governments of Vietnam and Malaysia have been fully supportive of VietJet AirAsia’s launch. During the official signing ceremony, both companies also announced that they have entered into an engineering support services agreement.
Tony Fernandes commented, “We are grateful for the presence of the leaders of Malaysia and Vietnam as we sign this agreement for strategic partnership. Their presence is a clear indication that we have the support of both governments in our efforts to further grow tourism in the ASEAN region. Their support is instrumental in our ability to offer low fares to the Vietnamese people and the international tourists who flock to Vietnam. VietJet AirAsia will complement the existing strengths of Vietnam’s tourism industry and help turn the country into a tourism powerhouse. We will be encouraging more tourists to fly to Vietnam’s various beautiful destinations with our low fares and contribute to tourism receipts that will in turn spur economic benefits.”
“The launch of flights by VietJet AirAsia will undoubtedly benefit both leisure and business travellers. We expect our low flexible fares and world-class service quality to especially benefit people and enterprises in Vietnam, which are helping boost our economy. We’ll also connect Vietnam to more cities in ASEAN to boost intra-regional travel,” Tam said.