ANA Holdings and Vietnam Airlines Conclude Final Contract for Business and Capital Partnership

May 28th 2016, in Tokyo - Japan, Vietnam Airlines, the leading airline in Vietnam and The ANA Holdings Inc. (ANAHD), Japan’s largest airline group have concluded a final contract and then exchanged the signed Business and Capital Partnership Agreement in the presence of the Prime Minister Nguyen Xuan Phuc and Prime Minister Shinzo Abe.

VNA and ANA exchanged the signed Business and Capital Partnership Agreement in the presence of the Prime Minister Nguyen Xuan Phuc and Prime Minister Shinzo Abe

This follows the signing of a Memorandum of Understanding in January, 2016 between the two companies and will see ANAHD acquire a stake of approximately 8.8% in Vietnam Airlines (107.668.938 shares) for 2,431 billion Vietnamese dong ($US109 million). The share purchase is scheduled to take place in July.

Under the partnership, ANA and Vietnam Airlines will launch codeshare arrangements and a shared mileage program from the start of the 2016 winter timetable which begins on October 30. The codeshare will cover 30 major domestic routes within Japan and Vietnam and 10 international routes between the two countries which aims to improve passenger convenience. Starting 2016 winter schedule, each frequent flyers program members will be able to accrue mileage on codeshare routes as well as redeem miles on award flight reservations on each airlines operated flights.

The two airlines also plan to combine a range of services including passenger check-in, cargo loading, ground handling services, catering, aircraft maintenance and other services at airports in Japan and Vietnam. As part of the partnership, ANAHD will dispatch one member of the board of Vietnam Airlines and will also provide Vietnam Airlines with know-how regarding both business and flight operations and help to further improve service quality, contributing to the growth and development of the airline.

Shinya Katanozaka, President & CEO of ANAHD INC., said: “It is our great honor to share with Vietnam Airlines our many years of experience including assistance for the provision of improved service quality and to contribute to the mutual growth and development of the companies. Through this business and capital partnership ANAHD  will contribute to the further promotion of economic, cultural and personal ties between Japan and other Asian states while also promoting travel to Japan”

Pham Ngoc Minh, President & CEO of Vietnam Airlines said: “Finding a partner for business and capital tie-up is a key part in the effort of Vietnam Airlines to improve and increase competitiveness on international markets. The cooperation with ANAHD, including one of the world’s best customer service airline will help us to be more confident to upgrade fleet with newest generation aircraft, to expand the market, to improve service quality and to be more efficiency.”

Vietnam Airlines currently operates 89 airplane including 2 modern generation aircraft of airbus A350 and Boeing 787 – Dreamliners. Its network covers 29 international and 20 domestic destinations and serves 66 flights per week to Narita and Haneda airport in Tokyo, Chubu Airport in Nagoya, Kansai Airport in Osaka and Fukuoka Airport.

 

About ANA HOLDINGS INC.

ANAHD is an aviation group with global operations and a total of 62 consolidated subsidiaries and 18 equity method affiliates. It is divided into passengers and cargo services segments as well as airline related business such as Catering and IT Services. ANA HD formed in April 2013 and is the parent company of ANA; full service carrier and Vanilla Air; LCC. ANA HD promotes a multi-brand strategy to leverage the strength of ANA brand and stimulate demand in markets not completely covered by its full-service airline offering, while expanding market share for the Group as a whole, leading to enhanced value. ANA has about 250 aircraft flying to 90 destinations and carrying about 47 million passengers. ANA is the largest airline in Japan by revenues and passenger numbers. ANA is a member of Star Alliance. Management vision of ANA HD is “It is our goal to be the world’s leading airline group in customer satisfaction and value creation.”

 

“Corporate Profile of ANA HOLDINGS Inc.”

Date of foundation

December, 1952

CEO

Shinya Katanozaka

Capital

318,789 million JPY

Revenue

1791.2 billion yen (end of FY2015)

No. of employees

36,273 (end of FY2015)

Fleet

249 (end of FY2015)

Routes (ANA)

83 International routes (end of FY2015)

116 Domestic routes

 

About Vietnam Airlines

As the national flag carrier of Vietnam, headquartered in Hanoi, Vietnam Airlines operates 91 routes to 20 domestic and 29 international destinations with more than 360 daily flights. The Airlines is operating the young fleet of 89 modern aircraft mainly including new and modern aircraft such as Boeing 787 Dreamliner, Airbus A350-900 XWB, Boeing 777, Airbus A330 and Airbus A321. Vietnam Airlines became official member of SkyTeam Alliance on June 10th, 2010 and also the first representative of the alliance in South East Asia region. www.vietnamairlines.com 

 

“Corporate Profile of Vietnam Airlines”

Date of foundation

April, 1993

CEO

Pham Ngoc Minh

Capital

11.198.648.400.000 VNĐ

Revenue

69.3 trillion VND (2015)

No. of employees

6,900 (January, 2016)

Fleet

89 (May, 2016)

Routes

29 International routes

20 Domestic routes