Pacific Airlines aircraft to clear debt. Today (March 18) is also the day the airline's last plane left Vietnam. Advertisement To avoid market disruption in the near future, Pacific Airlines will dry lease aircraft from Vietnam Airlines to maintain its AOC (aircraft operating certificate). announcement about Pacific Airlines' plan to maintain operations in the near future, and what the results of the negotiation to return the aircraft will be. However, it is estimated that the return of the entire fleet by ship leasing companies could help Pacific Airlines clear its "huge" debt of up to several hundred million USD. Pacific Airlines is the first low-cost airline in Vietnam, once invested in by the Australian airline Qantas Group.
In October 2020, Qantas Group carried out Ukraine Email List procedures to withdraw from Pacific Airlines and transfer 30% of its shares to Vietnam Airlines in the form of a gift. By the first quarter of 2022, this deal was completed and Vietnam Airlines has held nearly 99% of shares in Pacific Airlines since then. According to Vietnam Airlines' annual report, in 2022, Pacific Airlines recorded a total revenue of nearly 3,487 billion VND in 2022, a pre-tax loss of 2,096 billion
VND, a loss of 212 billion VND compared to 2021. Advertisement According to our data in the period 2009 - 2021, Pacific Airlines was only profitable in 3 years while the remaining 9 years were at a loss. With 3 consecutive years of losses of over 2,000 billion VND/year since the Covid-19 period, it is estimated that Pacific Airlines' accumulated losses by the end of 2022 have reached more than 10,700 billion VND and negative equity of 6,700 billion VND. Special Offer from MarketingTrips: Refer to Agency Listing solution from MarketingTrips: