IATA grants Vietjet IOSA certification for international operation standards

Only 16% of the world’s total operating airlines are granted with this renowned certification – Vietjet is honored to become an IOSA-registered airline after just over three years in operation.

(Ho Chi Minh City, August 16, 2015) – Vietjet has received the certificate of IATA Operational Safety Audit (IOSA) from the International Air Transportation Association (IATA) for its outstanding operational standards. The airline made the announcement at an event to review the airline’s business performance for the first half of the year and discuss strategy planning for the second half of 2015 in Ho Chi Minh City.

At the event, Vietjet was also honored to receive an Acknowledgement Certificate from Prime Minister of Vietnam Nguyen Tan Dung for its continuous contributions to the development of Vietnam’s economy and society in recent years.

These are major accomplishments and hugely significant milestone in the airline’s development path. IOSA certification is a confirmation of the commitment of an airline to deliver safe operations based on the principles stated in the IOSA Standards Manual. Earlier, Vietjet’s technical reliability ratio has also been registered at 99.49%, a highly impressive rate.

Speaking at the event, Blair Cowles, IATA’s Asia-Pacific Regional Director for Safety and Flight Operations, said: “IOSA is an internationally accepted and recognized evaluation system designed to assess the operational management and control systems of an airline. IOSA certification involves a great deal of hard work and requires a significant commitment of people, time and resources. I would like to congratulate Vietjet for making that commitment and obtaining IOSA certification.”

“The IOSA certification shows that flight safety assurance is Vietjet’s top priority – this is especially impressive considering that the aviation industry in the world and the region has been growing faster and faster in terms of fleet expansion, flight network, and passenger and cargo transportation capacity over recent years. With our commitment in complying with world-class safety and security standards, we expect to bring our clients safe, comfortable, joyful and friendly flights,” said Luu Duc Khanh, Managing Director of Vietjet.

Despite anticipated difficulties and challenges following the deadline for the ASEAN Economic Community, Vietjet still posted impressive business results in the first six months of 2015 with total revenue of VND5.7 trillion ($US258 millions), thus meeting the company’s planned profit.

Besides, the airline’s load factor remains high at approximately 90%, transporting more than four million passengers with 25,788 flights and on-time-performance (OTP) ratio staying at 83%. All together, the airline consists of 70% of the country’s total domestic air transportation growth rate.

The training center, which opened in early 2015, has so far trained and certified nearly 3,300 staff as well as providing 246 training courses for engineers, pilots, flight safety management team and others for aviation skills.

Vietjet currently operates a fleet of 26 aircraft of A320s and A321s with 33 domestic and international routes from Vietnam to Thailand, South Korea, Cambodia, Singapore, Taiwan and China. The airline has offered millions of people the opportunity to travel by air, making air travel the most popular means of transportation in Vietnam and internationally.

With Vietjet’s operation in the market in the first 6 months of 2015, Vietnam’s domestic aviation transportation increases 26% year on year, the highest growth rate ever.