Vietjet aims to operate profitably in 2022, develop e-logistics, pay a dividend of 20% in shares
On May 28, Vietjet Aviation Joint Stock Company (HOSE: VJC) successfully held the Annual General Meeting of Shareholders in 2022, summarizing a year of business as well as the last five-year term of the Board of Directors, surpassing the translation, voting on the audit report 2021, development plan in 2022.
The world’s aviation industry has experienced its most challenging, unprecedented period in history. In that context, Vietjet has overcome the pandemic with its pioneering spirit, perseverance and strong internal strength.
The Presidium at the General Meeting of Shareholders of Vietjet took place on May 28. (photo: NQ).
According to the report at the meeting, in 2021, Vietjet achieved consolidated revenue of VND 12,875 billion and profit after tax of VND 80 billion. As of December 31, 2021, Vietjet’s total assets reached nearly VND 51,654 billion, the debt/equity ratio was only 0.9 times and the liquidity index was 1.6 times, which is in the good group in the aviation industry.
In 2021, Vietjet will both restore and expand its flight network, creating more flight opportunities for people, contributing to the recovery of the economy after the pandemic with localities across the country. During the year, Vietjet performed 40,000 flights, transported 5.4 million passengers on more than 50 routes and transported more than 63,000 tons of goods, recording a revenue increase of over 200% compared to 2020.
Vietjet has carried out many flights to transport doctors, police, and military reinforcements for localities to fight the epidemic; transported tens of millions of doses of Covid-19 vaccine and together with strategic partners in Sovico Group donated medical equipment such as ambulances, ventilators, test kits, high-grade hospital beds… to the provinces, cities and people all over the country.
By the end of 2021, the airline owns 76 aircraft, expanding its route network to 44 domestic destinations and 95 international destinations.
Vietjet Chairman Nguyen Thanh Ha delivered the opening speech. (photo: NQ).
To prepare for the post-epidemic recovery plan, Vietjet has signed a strategic partnership agreement with Airbus Group on the implementation of ordered aircraft contracts, cooperation in developing a wide-body fleet and many other supports. after the pandemic.
Vietjet has invested in a fleet of wide-body Airbus A330-300 under the low-cost aviation model, opening a new phase of developing longer-range routes.
Recently, Vietjet and Boeing also reached an agreement to continue implementing contracts with many long-term cooperation programs, building Vietnam into an aviation hub of the region and the world.
At the meeting, shareholders approved the business plan resolution in 2022. In which, Vietjet aims to increase its fleet to 82 ships, operate 100,000 flights, and transport 18 million passengers.
Vietjet General Director Nguyen Thi Phuong Thao answered shareholders’ opinions. (photo: NQ).
Shareholders also voted to pass a resolution to pay a 20% stock dividend from accumulated undistributed profits from the years before the pandemic.
The airline also plans to earn more than VND 22,300 billion in air transport revenue, operating profitably.
From the early days of operation, Vietjet has been at the forefront of electronic air ticket applications instead of paper tickets, leading in e-commerce applications. In 2022, Vietjet will continue to increase the application of high technology, automation, creativity and innovation; promoting digital business in air transport, freight and logistics business; strengthen and expand the business of aviation services such as ground handling services, training services, financial services, project investment and other aviation services.
Board member Donald Boylan information about aircraft orders. (photo: NQ).
Vietjet has implemented the SFCO2 program including solutions to help optimize fuel consumption in aircraft operations and reduce environmental pollution. In the next phase, Vietjet will continue the program of monitoring and managing fuel consumption and CO2 emissions from aircraft in civil aviation activities, moving towards reducing emissions and combating climate change.
Speaking at the congress, the representative of the State management agency, Mr. Le Anh Tuan, Deputy Minister of Transport, affirmed that 2021 is a challenging year for the aviation industry, Vietjet still firmly overcomes, can demonstrate the efforts and success of the company’s business.
Deputy Minister Le Anh Tuan said that after the epidemic was under control, Vietjet actively restored domestic and international routes, opening new routes to Japan, Korea and India. Mr. Tuan hopes that Vietjet’s introduction of wide-body aircraft Airbus A330 to prepare to expand routes to Australia and Europe will bring success to the airline.
Mr. Dinh Viet Son, Deputy Director of the Civil Aviation Authority of Vietnam, acknowledged Vietjet’s contributions in ensuring aviation safety as well as ensuring service quality. Mr. Son said that Vietjet is an example of flexibility, adaptability, development in the right direction to stand firm during the pandemic and find many new opportunities in the development of aviation operations.
“With the theme of “Flying with the digital era”, Vietjet has been on the right track, in line with the Government’s policy, especially in the aviation industry, a field that requires safety and technology application. advanced and a common trend of the whole world,” affirmed Mr. Dinh Viet Son.
Vietjet’s Board of Directors member for the term 2022-2027 is introduced (photo: NQ).
Vietjet’s leadership has acknowledged the orientation of the leaders of the Ministry of Transport and the comments of shareholders. The meeting also approved the profit distribution plan in 2021 and the dividend payment plan in 2022; international bond issuance plan; plan to increase charter capital; elected members of the Board of Directors for the term 2022 – 2027 with independent members who are experienced domestic and international experts in the fields of insurance and aviation.
Answering some questions from shareholders of the Foreign Investment Fund, related to aircraft orders, Board of Directors member Donald Boylan said that Vietjet has two large orders with two leading aircraft manufacturers. world leaders are Airbus and Boeing. Each order includes about 200 new, modern, comfortable and fuel-efficient aircraft. “There are few airlines in the world that have advantages like Vietjet in terms of trade, technical services, training and strategic partnerships,” said Mr. Boylan.
General Director Nguyen Thi Phuong Thao also said that Vietjet is studying to add more cargo planes, promoting the development of freight transport, e-logistics, express delivery, guaranteed and high-value transportation. , becoming a key business segment of Vietjet.
Regarding gasoline prices, Deputy General Director To Viet Thang said that Vietjet has synchronously implemented solutions to manage fuel costs including saving fuel with a new and modern fleet. Mr. Thang affirmed that Vietjet has a control plan on purchasing reserve fuel, using it economically, controlling loss, increasing fuel surcharges, hedging prices with 30% of fuel used, etc. fuel price increase, Vietjet has certain competitive advantages in the market.
Regarding the operation of international routes, Deputy General Director Nguyen Thi Thuy Binh said that Vietjet has a strong advantage in international flight network before the pandemic, and is gradually restoring route networks in the region. Southeast Asia, followed by flying to Korea, Japan, India. “I expect to restore 70% of the international flight segment right in 2022,” Ms. Thuy Binh said.
Currently, Vietjet has fully restored and expanded its domestic route network and is ready for international flights. Before the epidemic, revenue from international flights accounted for nearly 50% of the airline’s total revenue. Vietjet will continue to expand its routes in the form of codeshares with international airlines, aiming to cover Asia and other countries around the world.
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