HANOI, VIETNAM — Vietjet, a Vietnamese budget airline, has announced plans to receive a minimum of three additional Airbus A330s this year, marking a considerable expansion in its fleet and network.

On May 24, the low-cost airline released a fleet update, stating that it plans to operate 87 aircraft by the end of the year, an increase from its existing fleet of 80. This implies an addition of nine A330-300s, which is three more than the airline's current wide-body fleet.

The announcement coincided with the airline's receipt of three A321neos and one A330 in May. According to Cirium fleets data, Vietjet also operates A321ceos and A320ceos.

Vietjet stated that the new fuel-efficient aircraft, which contribute to emissions reduction and environmental protection, will modernize the airline's fleet, increase operational efficiency, and lower operating costs.

The airline explained that the fleet expansion is expected to help maintain its market leadership position in Vietnam in terms of passenger volume and efficiency. It will also support the airline's plans to grow its network, particularly on intercontinental routes.

Vietjet aims to achieve an after-tax profit of D1 trillion ($42.6 million) for the year ending December 31 and anticipates carrying over 25 million passengers across its network. Despite a significant revenue increase, the airline reported a loss in the 2022 financial year due to escalating fuel costs.