ANA and Vietnam Airlines to form new joint venture

All Nippon Airways (ANA) and Vietnam Airlines have announced plans to form a new joint venture.

Building on their current, 10-year partnership which ANA being one of Vietnam Airlines’ strategic shareholder, the ANA-Vietnam Airlines joint venture will enable closer commercial cooperation between the two airlines subject to government approvals.

"Marking ten years of partnership, we are delighted to elevate our strategic cooperation through this joint venture framework agreement," said Juichi Hirasawa, President & CEO of ANA. "More than our business achievements, what has truly sustained our journey is the unwavering mutual trust we have built through changing times and challenging periods, as well as our united commitment to delivering the finest travel experiences to our customers.”

“Looking ahead to the next chapter, we will strive through this joint venture to create even higher-quality, higher-value travel experiences connecting Japan and Vietnam."

Le Hong Ha, President & CEO of Vietnam Airlines, said: "Vietnam Airlines is committed to working closely with ANA Holdings to advance our joint venture plans, strengthen our competitiveness and further enhance the passenger experience. This partnership is an important step in our long term development strategy. As Vietnam's national flag carrier, we also see it as an opportunity to contribute to stronger economic and tourism ties between our two countries and bring our people closer together."

ANA acquired an 8.8% stake in Vietnam Airlines in July 2016. The current equity stake owned by ANA is 5.6%. Since 2016, both ANA and Vietnam Airlines have built extensive cooperation across codeshare operations, reciprocal frequent flier benefits, and airport services.