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Founded | December 1990 (as Pacific Airlines) | ||||||
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Commenced operations | April 1991 | ||||||
Hubs | Tan Son Nhat International Airport | ||||||
Fleet size | 19 | ||||||
Destinations | 18 | ||||||
Company slogan | It's All About Choice | ||||||
Parent company | Vietnam Airlines (70%) | ||||||
Headquarters | Ho Chi Minh City, Vietnam | ||||||
Key people | |||||||
Website | jetstar.com |
Jetstar Pacific Airlines Joint Stock Aviation Company (operating as Jetstar Pacific) is a low-cost airline headquartered in Tan Binh District, Ho Chi Minh City, Vietnam. With its hub at Tan Son Nhat International Airport, Ho Chi Minh City, operates scheduled domestic and international services along with charter flights.
The airline, formerly known as Pacific Airlines, began operations in 1991, flying chartered cargo services. From 1996 to 2005, the airline, along with other local companies, operated under the government-owned Vietnam Airlines Corporation. Having by now operated passenger services, Pacific Airlines then came under the control of the government itself. In 2007, the Vietnamese government sold a portion of its shares to Qantas, and as such airline adopted a low-cost operations model and adopted its current name on 23 May 2008, becoming part of the Jetstar network.
In February 2012, Vietnam Airlines bought a 70% stake in the company. As part of its expansion plan, it is intended that Jetstar Pacific will have up to 15 Airbus A320 aircraft by the end of 2015 and up to 30 aircraft by 2020.
Pacific Airlines was established in December 1990 and began operations in April 1991 with a start-up capital of US$2.47 million. It was the first carrier to be established in Vietnam following reforms that permitted foreign investment in the country's airlines. Pacific Airlines operated chartered cargo flights to Thailand, Pakistan and France in cooperation with AOM French Airlines. In 1993, prior to the lifting of the US embargo against Vietnam, the airline signed a deal with United Airlines that would have involved the training of Pacific Airlines' personnel and which had provisions for cooperation on US–Vietnam services.
In 1994, the Civil Aviation Authority of Vietnam (CAAV) proposed plans to the government about the possible trading of minority stakes of Vietnam Airlines, VASCO and Pacific Airlines to investors. With the lifting of the US embargo, the country was looking for funds for aircraft procurements. Such plans did not materialise. However, in 1996, Pacific Airlines was consolidated with several air-service companies, including Vietnam Airlines, to establish Vietnam Airlines Corporation. During the same year, Pacific Airlines wet-leased a Boeing 737-300 from Swiss charter carrier TEA Basel. In addition to its jointly serviced cargo destinations, Pacific had by now opened services to Hanoi, Hong Kong and Taipei.