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The start-up airline making noise in the aviation industry

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2020 was a tumultuous year for the aviation industry, with the COVID-19 pandemic impacting every airline in the world.

Thousands of aircraft from right around the world have, at least at some stage, been parked and left to sit idle on runways and in storage facilities.

In addition to this, over 40 airlines from all parts of the globe have ceased operation since 2020.

Intoducing: Bamboo Airways

However, the pandemic has seen one particular start-up airline find its wings.

Vietnam-born and raised Bamboo Airways is rapidly expanding at a time where the aviation industry remains unstable.

The airline currently serves Vietnam, flying between each capital city including Hanoi, Ho Chi Minh City, and Da Nang – just to name a few.

It also operates an international network that continues to grow; currently servicing Japan, South Korea, Taiwan and Macau.

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The history of Bamboo

The airline was founded in 2017 and commenced operations in January 2019.

By the time the pandemic hit, it meant that Bamboo Airways was less than one year into its operations.

One might have thought that this would have left the carrier in a precarious position, but the reality was far from that.

From the beginning, Bamboo has had strong success. The airline had strong and positive goals from the get-go, aiming to hire up to 600 employees, with recruitment beginning in April 2018.[

Bamboo’s Air Operator’s Certificate (AOC) was granted on 9 July 2018 and they subsequently passed the five required stages for certification by Vietnam’s Civil Aviation Authority.

After reviewing the airline’s financial structure and business plan, the Ministry of Transport issued an aviation license in November 2018 and the first flight took off in January of 2019.

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Remaining strong during COVID-19

A key factor that has helped the airline to survive and continue to strive throughout COVID-19 comes down to the fact that Vietnam represents a very strong market for airlines.

Vietnam has a steadily expanding airline market, according to Simple Flying. The expansion of the market saw 20% growth in the five years before coronavirus.

This reflects Vietnam’s economic growth as a whole, with its GDP rising by 225% in 10 years.

Looking to the future

Alongside its diverse route network of both domestic routes and international routes within Asia, the airline has built up a solid fleet.

Bamboo is looking at expanding its international operations throughout 2021 and into 2022, with Australia on the list.

The company has eyed off the possibility of regular flights to Melbourne, Australia – a destination that is already served through the airline’s COVID repatriation flights.

“We look forward to strengthening our relationship with the airline and enhancing our non-stop service to Vietnam on the Boeing 787-9 Dreamliner in 2021, including to Hanoi for the first time, which opens up critical trade, leisure and business opportunities for Victoria.”

Melbourne Airport’s chief of aviation, Shane O’Hare

The market between Australia and Vietnam, even prior to the pandemic, was relatively limited.

There were almost 1,000,000 passenger movements between the two countries in 2018, and nearly 60% of those passengers had to transit, through countries such as Singapore.

Most recently, the airline has made some noise within the industry by offering to ‘status match’ frequent flyer memberships to other airlines.

In any case, it’s pretty clear that Bamboo Air has found its wings and is here to stay.

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Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

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Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.


Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews


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Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.Banner

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.


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Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

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Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.


Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


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