Vietnam market 'over stimulated': Jetstar Pacific
Jetstar Pacific says domestic passenger growth has slowed in 2017, to a rate of 14-15% compared with 30% per annum previously. "The market has probably been over stimulated in the last 5 years, so I don't think you'll see a lot of additional market simulation as we go forward," says Jetstar Pacific COO Leslie Stephens. "We think it's going to be more natural growth. From whatever everyone is predicting it will be double GDP growth, so about 14-15% growth a year, about half the growth we've seen the last 5 years. We've certainly seen this in 2017." The stimulation Stephens alludes to is due to the rise of low-cost rival VietJet, which has grown rapidly since its launch in late 2011. The carrier operates 44 Airbus A320 family aircraft, many of them deployed in Vietnam's domestic market, where it holds about 40% market share. <br/>
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Vietnam market 'over stimulated': Jetstar Pacific
Jetstar Pacific says domestic passenger growth has slowed in 2017, to a rate of 14-15% compared with 30% per annum previously. "The market has probably been over stimulated in the last 5 years, so I don't think you'll see a lot of additional market simulation as we go forward," says Jetstar Pacific COO Leslie Stephens. "We think it's going to be more natural growth. From whatever everyone is predicting it will be double GDP growth, so about 14-15% growth a year, about half the growth we've seen the last 5 years. We've certainly seen this in 2017." The stimulation Stephens alludes to is due to the rise of low-cost rival VietJet, which has grown rapidly since its launch in late 2011. The carrier operates 44 Airbus A320 family aircraft, many of them deployed in Vietnam's domestic market, where it holds about 40% market share. <br/>
