Turkish Airlines and Vietnam Airlines sign new agreement with future joint venture potential

Turkish Airlines and Vietnam Airlines recently inked an agreement to collaborate on air cargo, exploring the prospect of establishing a joint venture in the future. The collaboration aims to offer customers a larger, faster network with enhanced direct flights, a wider range of destinations, and increased frequencies.

The consolidation of resources from both national carriers is expected to enhance efficiency and strengthen their global competitiveness.

Dang Ngoc Hoa, Chairman of the Board of Directors of Vietnam Airlines, highlighted the strategic geographical location of Vietnam as a transit point, opening up previously limited areas for Turkish Airlines. The collaboration is seen as a significant step towards establishing Vietnam as a leading logistics center in the Asia-Pacific region.

Turkish Airlines CEO Bilal Ekşi emphasized the importance of the Asian market, expressing hope that the partnership, initially focused on air cargo, would extend to various categories in the future, benefiting both countries and their respective flag carriers.

 This agreement follows a codeshare deal for passenger operations between the two airlines, and it aligns with the increased air cargo demand from Vietnam, driven by companies diversifying manufacturing beyond China for risk mitigation and cost efficiency.