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Vietnam Airlines Plans to Add 30 Aircraft by 2032 in $10 Billion Expansion

Vietnam Airlines Announces $10 Billion Fleet Expansion Plan
Vietnam Airlines has revealed an ambitious plan to expand its fleet by adding 30 new wide-body aircraft by 2032, in a move valued at over $10 billion. The national carrier is evaluating options between the Airbus A350-900 and Boeing 787-9 models, with deliveries anticipated between 2028 and 2032. To facilitate this process, the airline recently issued a preliminary request for information to aircraft suppliers, seeking detailed proposals on aircraft types, delivery timelines, and contract terms, with submissions due by October 8.
Currently, Vietnam Airlines operates a fleet comprising 31 wide-body jets—14 Airbus A350-900s and 17 Boeing 787s—alongside 65 narrow-body Airbus A320 and A321 aircraft, as well as six ATR-72 turboprops. To accommodate growing passenger demand and expand its route network, the airline projects a need for at least 52 wide-body and 112 narrow-body aircraft by 2035.
Challenges and Competitive Landscape
The planned $10 billion investment presents significant challenges, particularly in securing financing amid heightened investor scrutiny over the airline’s financial health and long-term growth prospects. Additionally, ongoing global supply chain disruptions threaten to delay aircraft deliveries, while intensifying competition from regional carriers adds further pressure. Vietjet, Vietnam’s leading low-cost airline, is expected to accelerate its own fleet expansion to maintain market share. Meanwhile, established regional players such as Singapore Airlines and Korean Air may adjust their strategies to protect their positions in Southeast Asia’s rapidly evolving aviation market.
Earlier this year, Vietnam Airlines received government approval to acquire 50 narrow-body aircraft at an estimated cost of VND92.8 trillion (approximately US$3.5 billion). However, Chairman Dang Ngoc Hoa emphasized that this acquisition would only meet the airline’s minimum operational requirements. He also noted that if manufacturers are unable to deliver the new aircraft before 2030, the airline may need to lease additional planes in 2027 and 2028 to bridge the capacity gap.
Operational Status and Ongoing Issues
Vietnam Airlines currently operates an average of 400 flights daily, serving 21 domestic and 29 international destinations. In 2024, the carrier launched or resumed 15 international routes to key markets including Italy, Russia, China, the United Arab Emirates, Japan, South Korea, and India. Despite these growth initiatives, the airline continues to face an aircraft shortage, largely due to technical issues with Pratt & Whitney engines on its Airbus A321 fleet. As of mid-2025, approximately 15 A321 aircraft remained grounded, while four Airbus A350s were undergoing repairs.
As Vietnam Airlines advances its fleet expansion strategy, it must carefully navigate financial constraints, operational challenges, and competitive dynamics to achieve its growth objectives over the next decade.

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