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| Vietnam’s Prime Minister Pham Minh Chinh and Vice President of Türkiye Cevdet Yılmaz watch as Vietnam Airlines and Turkish Airlines signed an agreement. Source: Vietnam Airlines |
Turkish Airlines and Vietnam Airlines have recently announced a new agreement to collaborate on air cargo services, with the potential for a joint venture in the future. This partnership aims to provide customers with a more extensive network, faster direct flights, a wider range of destinations, and increased frequencies.
Benefits of Collaboration
By combining their resources, the two national airlines aim to enhance efficiency in aircraft capacities and strengthen their position in the global aviation market. This collaboration is expected to bring mutual benefits to both airlines and support their growth in an increasingly competitive industry.
Strategic Advantages
Dang Ngoc Hoa, the chairman of the board of directors of Vietnam Airlines, highlighted the strategic advantages of this partnership. He stated that Turkish Airlines will have the opportunity to expand its network to regions previously limited, such as Oceania and Northeast Asia, by utilizing Vietnam's central geographical location as a transit point. Additionally, Vietnam Airlines will be able to significantly expand its scale by utilizing freighters and connecting to Turkish Airlines' extensive global network of 345 destinations worldwide. This cooperation is expected to contribute to Vietnam's ambition of becoming one of the leading logistics centers in the Asia-Pacific region.
Importance of Asian Market
Bilal Ekşi, the chief executive of Turkish Airlines, emphasized the importance of the Asian market for their airline. He stated that their efforts to increase presence in this region are ongoing and that this collaboration with Vietnam Airlines is a significant step in that direction. While currently focused on air cargo services through Turkish Cargo, both airlines plan to explore further opportunities for collaboration in different categories in the future. Ekşi expressed his optimism that this partnership will be fruitful for both countries and their respective flag carriers.
Previous Codeshare Agreement
This agreement follows a previous codeshare agreement between the two airlines for their passenger operations on routes connecting Vietnam and Türkiye, as well as neighboring areas. The collaboration in air cargo services is expected to further strengthen their partnership and provide seamless travel experiences for passengers.
Growing Demand for Air Cargo Services
The demand for air cargo services out of Vietnam has been a bright spot in an otherwise lackluster airfreight market this year. With companies increasingly looking to diversify their manufacturing capabilities beyond China, Vietnam has emerged as an attractive destination due to its lower wage economies and reduced risk to their manufacturing set-up. This trend has contributed to the growth of air cargo demand in the country and presents new opportunities for airlines like Turkish Airlines and Vietnam Airlines.
Summary
The collaboration between Turkish Airlines and Vietnam Airlines in air cargo services marks an important milestone in their partnership. By leveraging their respective strengths and networks, these two national airlines aim to provide enhanced services to customers and strengthen their position in the global aviation market. This collaboration also aligns with the growing demand for air cargo services out of Vietnam, driven by companies seeking alternative manufacturing locations. As the aviation industry continues to shift towards the East, this partnership sets a positive trajectory for both airlines and reinforces their commitment to delivering efficient and reliable air cargo services.
(This article is sourced from aircargonews.net and curated by Thetransporteronline24)
