Air France and Vietnam Airlines sign new joint venture agreement

Travel News 11 Oct 2017

Hanoi, October 10th 2017- Air France and Vietnam Airlines announced the signing of a comprehensive strategic partnership allowing the two airlines to optimize their services between France, Europe and Vietnam and to strengthen their positions in a buoyant but highly competitive market. This new joint venture starts on 1 November 2017 and is expected to bring additional benefits to customers.

Through this agreement, on the basis of comprehensive cooperation, Vietnam Airlines and Air France are committed to offering more flight options and convenience to passengers through collaboration in flight schedules. Via 3 hubs Hanoi-Noi Bai, Ho Chi Minh City-Tan Son Nhat and Paris-Charles de Gaulle, passengers can travel to 50 destinations in Europe on Air France’s flights (compared to 14 destinations today) and Vietnam’s 20 destinations on Vietnam Airlines’ flight, not to mention SkyTeam Alliance’s global network consisting of more than 1,000 global destinations.

The two airlines will exchange experience to improve service quality and implement trade promotion programs to meet the needs of customers, especially those using LotuSmiles (Vietnam Airlines) and Flying Blue (Air France) frequent flyer programmes as well as services provided by SkyPriority and lounges access around the world.

“Vietnam Airlines and Air France started Code-share cooperation in 2010, when Vietnam Airlines joined SkyTeam Global Alliance. After the completion of 4-star service program, Vietnam Airlines expects to take the current joint venture with Air France to a next level in order to reach our full potential in France and Europe.
Thanks to the new strategic partnership, our customers, including businesses and individuals, will enjoy comprehensive services and benefits, contributing to the development and connection between the two countries and two continents.
Cooperation with Air France also demonstrates Vietnam Airlines’ commitment and determination in boosting investment in the international market, especially the French and European markets through the key routes between Vietnam and France”
, said Duong Tri Thanh, President and CEO of Vietnam Airlines.

"Consolidating our alliances is one of the aims of our Trust Together strategic plan. This joint venture agreement will be a long-term source of value for our customers and for our two airlines. Our aim is to maintain and develop our position as  European leader in this region with very strong growth potential", said Franck Terner, CEO of Air France.

Over the past 20 years, the two airlines have also been working together on the operational side, with partnership in the fields of aircraft maintenance and crew training. Since 1997, Air France has cooperated with Vietnam Airlines to train pilots and successfully transferred operative technology of 10 new A320 aircraft at that time. Currently, the two companies are actively discussing the possibility of cooperation to improve Vietnam Airlines competency in technical maintenance of aircraft equipment.

France is one of the biggest and most important markets for Vietnam Airlines in Europe since the launching of its first direct flight to Paris in 2003. With this partnership, Air France and Vietnam Airlines today carry more than 400,000 passengers every year. In 2016, the airline transported 300,000 passengers on non-stop flights between the two countries and continues to maintain the Skytrax’s 4-star service quality with the modern Airbus A350-900 XWB- one of the most modern aircraft in the world.

Vietnam Airlines currently has the highest flight frequency on the Vietnam - France route with up to 10 flights per week between Hanoi, Ho Chi Minh City and Paris. Air France serves Ho Chi Minh City 3 times a week from its Paris-Charles de Gaulle hub by Boeing 777.

About Vietnam Airlines
Vietnam Airlines is the flag carrier of Vietnam and the major carrier in the Mekong sub-region, operating 90 routes to 20 domestic and 29 international destinations with an average of 400 flights per day. Vietnam Airlines has been certified as a 4-Star Airline for 2 consecutive years by the prestigious Skytrax, the world’s leading airline and airport rating organization.
During 20 years of development at a 2-digit annual growth rate, Vietnam Airlines has achieved a remarkable advancement to become a major airline in Asia’s aviation market. In June 2010, Vietnam Airlines joined SkyTeam Alliance, affirming the carrier’s new position on the global aviation map as a strategic partner of the alliance in Southeast Asia region. In 2015, Vietnam Airlines became the first airline in the world to operate both next-generation aircraft- Boeing 787-9 Dreamliner & Airbus A350-9XWB- at the same time.

Positioning itself as a modern and reputable carrier whose brand is characterized by Vietnam’s rich culture and national identity, Vietnam Airlines is striving to become one of the most favorable carriers in the Asia-Pacific region.

About Air France
Air France, then Air Orient (March 9th, 1930), was the first western airlines to serve Vietnam. Apart from the interruption of the line during the World War II, and during the few months of closure of the airspace in 1975, Air France has always been present in Vietnam.

Air France is a leading global player in its three main areas of activity: passenger transport, cargo transport and aircraft maintenance. From its hubs at Paris-Orly and Paris-Charles de Gaulle, the airline operates flights to more than 320 destinations and 118 countries. Air France is a founding member of the SkyTeam global alliance, alongside Korean Air, Aeromexico and Delta. Founded in 1933, Air France is the number one French airline and, together with KLM, one of the world's largest air carriers by revenue and passengers transported.

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