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MarketScreener Homepage  >  Equities  >  Tokyo  >  Japan Airlines Co Ltd    9201   JP3705200008

JAPAN AIRLINES CO LTD (9201)
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Japan Airlines : Vietjet Air launches third route to Japan

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01/12/2019 | 04:09am EST

New-age carrier Vietjet Air launched a service connecting Hanoi and Tokyo, Japan, on January 11.

This is the carriers third route between Vietnam and Japan, aiming to not only meet the rising demand for air travel, but also contribute to the development of tourism, trade and cultural exchange between the two countries, Vietjet said in a statement.

The launch of this new route offers a new travel option for people and travellers from Tokyo, and the Kanto region in general, to Hanoi, the capital city of Vietnam, from where they have easy access to many famous destinations in the country, said Do Xuan Quang, Vietjets Vice President.

He added that the people from the two countries and international tourists can also effortlessly transit to other ASEAN countries or destinations across the North Asia region with Vietjets comprehensive and constantly expanding flight network.

The Hanoi -Tokyo route operates daily return flights with a flight time of around six hours per leg.

Previously, Vietjet launched two direct routes to Japan, including Hanoi - Osaka on November 8, 2018 and Ho Chi Minh City - Osaka on December 14, 2018.

For the newest route, Vietjet and Japan Airlines have cooperated to offer a code-share flight service. The two airlines code-share service is also applied to Vietjets domestic routes, including Hanoi-HCM City, HanoiDa Nang and HCM CityDa Nang.

Vietjet is the first airline in Vietnam to operate as a new-age airline offering flexibly-saving ticket fares 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 fully-fledged member of International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. Vietjet was named Best Ultra Low-Cost Airline 2018 - 2019 and warded the highest ranking for safety with 7-stars in 2018 by the worlds only safety and product rating website AirlineRatings.com. The airline has been also listed in the world`s 50 best airlines for healthy financing and operations by Airfinance Journal in 2018.

Currently, Vietjet operates 60 A320, A321 aircraft with more than 385 flights daily, carrying more than 65 million passengers to date, with 105 routes covering destinations across Vietnam and international destinations such as Japan, Hong Kong, Singapore, the Republic of Korea, Taiwan (China), mainland China, Thailand, Myanmar, Malaysia and Cambodia.

The airline has plans to expand its flight network across the Asia-Pacific region and has signed contracts to buy new-generation aircraft from prestigious global plane manufacturers.

(c) 2019 Qatar Tribune. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (JPY)
Sales 2019 1 487 B
EBIT 2019 -
Net income 2019 125 B
Finance 2019 286 B
Yield 2019 2,83%
P/E ratio 2019 11,10
P/E ratio 2020 11,21
EV / Sales 2019 0,73x
EV / Sales 2020 0,73x
Capitalization 1 370 B
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Number of Analysts 12
Average target price 4 751  JPY
Spread / Average Target 21%
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NameTitle
Yuji Akasaka President & Representative Director
Masaru Onishi Chairman
Yoshiharu Ueki Chairman
Norikazu Saito Director, General Manager-Finance & Accounting
Kimie Iwata Independent Outside Director
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