Jet fuel supply is expected to meet demand through the end of April and the upcoming Reunification Day (April 30) and International Workers'' Day (May 1) holiday peak, authorities confirmed.
The Government has taken swift action to cushion the impact of rising oil prices related to the Middle East war, including tax cuts and an advance of VNĐ8 trillion (US$304 million) to the fuel price stabilisation fund.
The shortage is a result of an engine recall by Pratt & Whitney for their PW1100 engines on Airbus A321Neo aircraft. This global recall has affected around 600-700 engines in operation worldwide, including those used by Vietnamese airlines.
According to the Civil Aviation Authority of Vietnam, domestic airlines carried 18.2 million passengers in the first quarter of 2023, up 56 per cent on-year.
The cooperation will also help a favourable environment for connecting Ha Noi businesses with international supply chains of aviation products and services, helping them become suppliers.
The restoration of flights and increased number of passengers are helping airlines and non-aviation businesses to gradually recover in profit after the pandemic.
While international routes are still mostly stopped, opening more domestic routes is seen as key to getting airlines and the local economy back on their feet.
The Ministry of Transport has proposed Prime Minister Nguyen Xuan Phuc cut several taxes and service prices for the aviation industry, which is being heavily affected by the COVID-19 pandemic.
The novel coronavirus epidemic has affected the socio-economic development of Việt Nam, including the transport sector. Minister of Transport Nguyễn Văn Thể speaks to Vietnam News Agency about solutions to control the epidemic and promote business activities of the industry...