Vietnam Airlines signs insurance contract with domestic insurers

Monday, Dec 29, 2014 16:56

HA NOI (Biz Hub) —Vietnam Airlines (VNA), the national air carrier, and a consortium of insurers in Ha Noi signed a 2015–16 insurance contract worth US$6 billion on December 26.

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 will also include aircraft body insurance and liability insurance for passengers, cargo and war risk.

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.

Representatives of Vietnam Airlines and PetroVietnam Insurance Corporation (PVI) sign an insurance contract in Ha Noi on December 26. The contract, including participation of VNI and Bao Viet, will provide aircraft body insurance and liability insurance for passengers, cargo and war risk. — Photo VNA

"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

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