Vietnam Airlines has said it will sell five aircraft as part of a major upgrade plan that aims to turn the national carrier into a four-star airline.
The management board of Vietnam Airlines has proposed selling three ATR 72s and two Boeing 777-200ERs in its plan to be submitted in a stakeholder meeting this March 13, Nguoi Lao Dong (Laborer) newspaper reported.
While the three ATRs are fully depreciated, the two Boeings made in 2003 will have four more years to go.
However, Vietnam Airlines still wants to sell them all as it said they cannot ensure the quality of its services amid the current fierce competition.
The board said it is aiming to upgrade its services to the “four-star” level.
According to Skytrax, an international rating agency that ranks airlines on a scale from one to five stars, Vietnam Airlines is currently a three-star airline.
The Boeing 777-200ERs are currently the best aircraft in Vietnam Airlines’ fleet. They are used for flights to Europe and Northeast Asia.
Vietnam Airlines also plans to add 15 new aircraft to its fleet this year.