Faced with financial difficulties, the young Vietnamese airline is stopping its long-haul network to Australia and Europe and logically suspending the operation of its Boeing 787-9s.
End of service to Australia and Europe
Starting next month, that is to say November, the young Vietnamese airline Bamboo Airways will stop its flights to Melbourne and Sydney in Australia as well as to Europe, from October 25, where it served London/Gatwick and Frankfurt. The three leased Boeing 787-9s will be parked while waiting to be collected by their owners. Bamboo Airways had also ordered 10 Boeing 787-9s. The arrival of a new shareholder in June 2023 seems to be accompanied by a new strategy with a refocusing on the medium-haul network.
Bamboo Airways: AFI KLM E&M loses a Boeing 787 customer
With Bamboo Airways’ decision to stop long-haul operations, AFI KLM E&M loses a customer. In December 2020, the airline signed a contract with the MRO workshop for equipment support for its Boeing 787s. A long-term contract covering equipment repair, access to the spare parts pool and logistics for a fleet of 14 aircraft. Without forgetting the Prognos predictive maintenance tool.
Bankruptcy of MYAirlines in Malaysia
The financial difficulties of Bamboo Airways echo those of MYAirlines in Malaysia, which suspended all its activities on October 12. Created in January 2021, the young airline had nine Airbus A320ceo in its fleet and leased. The Covid-19 pandemic has clearly “broken” the projects of a certain number of carriers. And the fact that Asia-Pacific offers growth potential in terms of air traffic does not mean that all business models work, particularly in very competitive environments. Vietnam already has Vietnam Airlines and VietJet while Malaysia has AirAsia and Batik Air.