Vietnam-based low-cost carrier (LCC) Vietjet Air reported a 2015 revenue of VND10.9 trillion ($490.7 million), up 34.5% from VND8.1 trillion in 2014. The airline said the revenue increase was achieved “despite increasing challenges in the wake of the ASEAN Open Skies policy.” The result was lower than the VND13.8 trillion forecast at the start of 2015, and came during a year when the carrier added 11 Airbus A320s and A321s to its fleet and increased passenger numbers by 66% to ...

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