Business · Companies · 9 hrs ago

ANA and Vietnam Airlines plan joint venture to coordinate fares

ANA and Vietnam Airlines plan joint venture to coordinate fares

ANA and Vietnam Airlines plan a joint venture to coordinate fares and flight schedules on some routes, including between Japan and Vietnam.

The airlines already cooperate on shared flights, frequent flyer programs and airport services, but set fares and schedules separately.

Their partnership dates to 2016, when ANA's parent company bought a stake in Vietnam Airlines; it now owns 5.62 percent.

The venture aims to offer more fare choices and run flights more efficiently as passenger traffic between the countries is expected to grow.

The airlines say it could also support stronger economic and tourism ties between Japan and Vietnam.

Authorities in Japan and Vietnam must approve the plan, including an exemption from antitrust rules.

No launch date has been set.

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What people are saying

Juichi HirasawaANA president
Passenger traffic between Japan and Vietnam is expected to grow, so we want to make travel as convenient as possible
via Kyodo
Le Hong HaVietnam Airlines president
stronger economic and tourism ties between our two countries
via Kyodo