Jet Airways and Vietnam Airlines have signed a pact which is expected to lead to direct commercial services between India and Vietnam.
The partnership, once ratified, is expected to contribute to the development of tourism, as well as boosting the investment and trade relations between India and Vietnam.
Naresh Goyal, chairman of Jet Airways, said the agreement with Vietnam Airlines was an integral part of the airline’s strategy for increased international growth.
Meanwhile, Vietnam Airlines is considering entering Asia’s booming low-cost aviation sector with a new offshoot, while aiming to build its home base into a major entry point for Indochina.
The state-owned airline is confronted with “growing pressure†from Asia’s budget operators, president and CEO Pham Ngoc Minh said.
“We see opportunities in the low-cost segment,†he added.
