Vector Aviation confident of Asian growth
Vietnam has been no exception to the global economic contagion and so too it is feeling the uptick in the economy which has sent shippers scrambling for air cargo capacity. For long-time GSSA, Vector Aviation, a solid market presence has translated to a healthy client list that has carried it through the crisis. Wong Joon San reports.
December 1, 2009
By PLA Editor
Ã¢â‚¬Å“We believe that the mini recovery in Asia will keep continuing, especially in the Asian economies together with China. A particular trend that we had seen happen when the global economic crisis occurred in the middle of last year was that most airlines that had come under huge pressure sought new and more capable sales agents, or they moved to adopt tougher and more secured sales approaches like hard block commitment, or the worst scenario was to stop existing flights or even drop the less effectiveroutes,Ã¢â‚¬Â Do says.
A substantial portfolio
Vector Aviation has been serving as an airline GSSA and aviation services company in Vietnam for a number airlines. The company has been the cargo GSA for MASKargo since 2004, China Southern Cargo since 2005 and it is also the GSA for some other Asian Airlines such as K-Mile Air, Viva Macau, Cargo Garuda. It also serves some airlines from Europe such as SAS Cargo, Transaero, Aerosvit, Hahn Air and LTU as well as Middle East carriers like Etihad Crystal Cargo and Egypt Air.
VectorÃ¢â‚¬™s business portfolio also includes ACS on air cargo terminal equipment, Ruslan International on air chartering services and IFC on wet-leasing aircraft services.
In 2008, Vector Aviation says it handled 9,800 tonnes of air cargo in Vietnam, representing about 10 per cent of the market share. Of the figure, Vector handled 2,940 tonnes for Asia and 3,140 tonnes for Europe.