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Vietnam's domestic aviation sector is primarily led by two major airlines: Vietnam Airlines and VietJet. The low-cost carrier VietJet, based in Hanoi, operates a variety of domestic routes and short-haul flights across Southeast Asia. Additionally, it uses its fleet of seven Airbus A330s for long-haul flights to destinations such as Australia and India.
According to the Civil Aviation Authority of Vietnam, the aviation market was expected to handle 78.3 million passengers in 2024, marking a 7.7% growth from the previous year. Data from Cirium suggests that VietJet will be nearly tied with Vietnam Airlines in terms of market share for 2024.
VietJet, which started operations in December 2011 as Vietnam's first privately owned airline, has grown rapidly with approximately 100 aircraft currently operational and an additional 268 on order. The airline predominantly operates an all-Airbus fleet composed mainly of A320/A321 family aircraft.
