VN Airlines insures fleet for $6 billion

Update: December, 30/2014 - 09:12
HA NOI  (VNS) — Vietnam Airlines (VNA), the national air carrier, and a consortium of insurers in Ha Noi have signed a 2015–16 insurance contract worth US$6 billion.

The insurers, PetroVietnam Insurance Corporation (PVI), the Viet Nam National Aviation Insurance Company (VNI) and Bao Viet Insurance Company, will provide aviation insurance to the entire fleet of Vietnam Airlines, Jetstar Pacific Airlines and Vietnam Air Service Company for their worldwide flights.

The contract, signed on December 26, will also include aircraft body insurance and liability insurance for passengers, cargo and war risk.

Representatives of Vietnam Airlines and three insurers at the signing ceremony on an insurance contract in Ha Noi on December 26. The contract will provide aircraft body insurance and liability insurance for passengers, cargo and war risk. — Photos VNA

General Director of Vietnam Airlines Pham Ngoc Minh shared that the co-operation between the VNA and the PVI–VNI–Bao Viet consortium will not only cater to the best interests of the participants but will also, and more importantly, provide safety precautions for the passengers.

"Along with the investment to develop the fleet and service quality to become one of the leading air firms in the region, the guarantee provided by three of Vietnam's prestigious insurers will give passengers more reasons to consider VNA as an option," explained Minh.

VNA became an official member of the SkyTeam Alliance on June 10, 2010. It is also the first representative of the alliance in Southeast Asia. The firm has more than 300 flights per day, with 96 air routes to 21 domestic destinations and 29 international destinations.

The firm has a fleet of 82 modern planes, which include the Boeing 777, Airbus A330 and Airbus A321. It aims to expand the fleet by acquiring technologically advanced planes such as the Airbus A350XWB and Boeing 787-9. — VNS