Bangkok--13 Sep--Vivaldi Integrated Public Relations
For the first time, Vietjet as a new age carrier from Vietnam, has ranked among the world's 50 best airlines (22nd) by Airfinance Journal, one of the leading magazines in the aviation finance sector.
The announcement from Airfinance Journal provided financial status and health information after surveying 162 airlines around the world, including traditional airlines and low cost carriers.
Vietjet was listed in the world's 50 best airlines for healthy financing and operations, with a better ranking than many prestigious airlines. Financial ranking is based on the latest trailing twelve month data (LTM), evaluating 5 indicators including:
Average age of the fleet
Earnings ratio before interest, taxes, depreciation, amortization, and rent costs over revenue (EBITDAR/ Revenue)
Fixed charge cover: EBITDAR/ Net Income + Rent
Liquidity as % of Revenue
Adjusted Net Debt/ EBITDAR
According to the scorecard, Vietjet achieved total revenues of USD995 million in the last 12 months, and the average age of its fleet was 3.2 years. Profit before tax, interest, depreciation and rent cost to revenue ratio was 31.4%. Fixed Charge Cover was 2 times, whilst Liquidity is 30.4% of revenue.
About Vietjet:
Vietjet is the first airline in Vietnam to operate as a new-age airline with low-cost and diversified services to meet customers' demands. It provides not only transport services but also uses the latest e-commerce technologies to offer various products and services for consumers. Vietjet is a member of the International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. The airline was also named in Top 500 Brands in Asia 2016 by global marketing research company Nielsen and the "Best Asian Low Cost Carrier" at the TTG Travel Awards 2015, which compiles votes from travelers, travel agencies and tour operators in throughout Asia and Asia's Best Employer Brand by the Employer Branding Institute and World HRD Congress for many years. The airline was also rated as one of the top three fastest growing airline brands on Facebook in the world by Socialbakers.
Currently, the airline features a fleet of 60 aircraft, including A320s and A321s, and operates more than 385 flights each day. It has transported more than 60 million passengers on a network featuring 94 routes in Vietnam and across the region including Thailand, Singapore, South Korea, Taiwan, Hong Kong, Mainland China, Malaysia, Indonesia, Myanmar and Cambodia.
Moving forward, the airline plans to expand its network across the Asia Pacific region. To prepare for this plan, Vietjet has signed agreements with the world's leading aircraft manufacturers to purchase more brand-new and modern aircraft.
Like Vietjet on Facebook, www.facebook.com/vietjetthailand, follow us on Twitter, @Vietjetvietnam, and enjoy our videos at https://www.youtube.com/user/Vietjetvietnam.