PROLooking for more than just a company report? Upgrade to Pro now

PACIFIC AIRLINES AVIATION JOINT STOCK COMPANY

Active

Business ID 0301103030

84-28 / 7309 0058 - 3628 0058 / +84 1900 1550

PACIFIC AIRLINES AVIATION JOINT STOCK COMPANY

Active

Business ID 0301103030

84-28 / 7309 0058 - 3628 0058 / +84 1900 1550

PACIFIC AIRLINES AVIATION JOINT STOCK COMPANY

Active

Summary

Name:

PACIFIC AIRLINES AVIATION JOINT STOCK COMPANY

Business ID (TIN):

0301103030

Date of Registration:

24 Oct 1992

Registered Office:

Ho Chi Minh Department of Planning and Investment

Payment History:

Click to view

Address:

3rd Floor, Vietnam Airlines Building- Tan Son Nhat Airport (Operating Building of VIETNAM AIRLINES JSC), Truong Son Street, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam

Phone:

84-28 / 7309 0058 - 3628 0058 / +84 1900 1550

Financial Statement:

2020, 2021, 2022, 2023, 2024

PACIFIC AIRLINES AVIATION JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN HÀNG KHÔNG PACIFIC AIRLINES), commonly known as PACIFIC AIRLINES, is a long-standing Vietnamese low-cost airline with more than 32 years of history in the domestic aviation sector. Headquartered at the Vietnam Airlines Building inside Tan Son Nhat Airport in Ho Chi Minh City, the company operates under the majority ownership of Vietnam Airlines JSC, which holds 98.84% of its shares. Established in October 1992, PACIFIC AIRLINES was one of the pioneers of affordable air travel in Vietnam.

In recent years, however, the company has faced significant financial turbulence. According to its 2023 financial report, PACIFIC AIRLINES AVIATION JOINT STOCK COMPANY generated USD 181.03 million in revenue, a 33.95% increase over the previous year. This strong growth in sales reflects the post-pandemic rebound in passenger demand and the airline’s efforts to restore operations. Nevertheless, the airline continued to suffer deep financial losses, posting a net loss of USD 91.49 million, only a modest improvement over its 2022 deficit of USD 86.1 million.

Most notably, the airline's balance sheet reveals a negative owner’s equity of USD -381.97 million, reflecting accumulated losses that exceed total capital. Total assets decreased by 16.26% in 2023, down to USD 222.22 million, while working capital sank further to a negative USD -388.19 million, raising serious concerns about the airline’s solvency and its ability to meet short-term obligations.

Despite these challenges, PACIFIC AIRLINES AVIATION JOINT STOCK COMPANY remains operational and continues to provide domestic passenger air transport services, supported by infrastructure in key cities such as Hanoi, Da Nang, and Ho Chi Minh City. The company is led by General Director Mr. Dinh Van Tuan, with a management team focused on restructuring operations and achieving sustainable recovery.

The company’s registered business activities encompass a broad portfolio of services related to air travel, including warehousing, air cargo handling, short-term accommodations, advertising, and insurance and leasing services. This diversification shows intent to develop multiple revenue streams, but the core passenger transport business remains under financial stress.

Given its critical role in Vietnam’s air travel infrastructure and the backing of the national carrier, PACIFIC AIRLINES AVIATION JOINT STOCK COMPANY still holds strategic value. However, its continued survival will depend on decisive restructuring, capital injections, or further integration with Vietnam Airlines. Stakeholders, creditors, and investors are advised to monitor developments closely. For up-to-date business verification, litigation risks, and financial tracking, rely on VANGUARD BUSINESS INFORMATION LLC (VBI)—Vietnam’s trusted source for aviation sector insights and risk management data.

Legal Profile

English Name:

PACIFIC AIRLINES AVIATION JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN HÀNG KHÔNG PACIFIC AIRLINES

Short Name:

PACIFIC AIRLINES

Business ID (TIN):

0301103030

Date of Registration:

24 Oct 1992

Registered Office:

Ho Chi Minh Department of Planning and Investment

Ownership Status:

State-owned

Operation Status:

Active

Contacts

Key Decision Makers:

+ DINH V.T

+ TRAN V.H

Address:

3rd Floor, Vietnam Airlines Building- Tan Son Nhat Airport (Operating Building of VIETNAM AIRLINES JSC), Truong Son Street, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam

Phone:

84-28 / 7309 0058 - 3628 0058 / +84 1900 1550

Registration Address:

112 Hong Ha, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam

Branch:

No. 95, Cao Thang Street, Thanh Binh Ward, Hai Chau District, Da Nang City, Vietnam

Branch:

No. 202B, Nguyen Son Street, Bo De Ward, Long Bien District, Ha Noi City, Vietnam

Branch:

Terminal T1 Noi Bai International Airport, Phu Minh Commune, Soc Son District, Ha Noi City, Vietnam

Branch:

Cam Ranh International Airport, Cam Ranh Airport, Cam Nghia Ward, Cam Ranh City, Khanh Hoa Province, Vietnam

Branch:

Cat Bi Airport, Le Hong Phong Street, Thanh To Ward, Hai An District, Hai Phong City, Vietnam

Branch:

Phu Bai International Airport, Area 8, Phu Bai Ward, Huong Thuy Town, Thua Thien Hue Province, Vietnam

Branch:

2nd Floor, Vinh International Airport, Nghi Lien Commune, Vinh City, Nghe An Province, Vietnam

Business Sector

Key business lines:

VSIC:

5110 Passenger air transport

NACE:

51.10 Passenger air transport

Industry Sales Growth

CAGR (2019 - 2023)

-10.29%

YoY (2023)

17.18%

Companies by industry

Company distribution and propportions

0.0019%

Key Industry Players

Top 10 companies in passenger air transport industry

vietnam airlines jsc pacific airlines aviation joint stock company vietnam helicopter corporation vietjet aviation joint stock company blue sky airways joint stock company viet star airlines multirole corporation viet star aviation corporation bamboo airways joint stock company (translated name) two members co., ltd kim gia phu (translated name) le bao loc company limited

Payment History

Payment History: Click to view

Purchase the report to access company details.

Financial Performance

Assets	-27.39%
Owner’s Equity	-57.59%
Working Capital	-63.34%
Net Worth	-58.19%
Sales	53.80%
Operating income	15.98%
EBIT	-5.29%
Gross Profit Margin	44.29%
Debt to EBITDA	-2.80%

📈 📊

Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About PACIFIC AIRLINES AVIATION JOINT STOCK COMPANY

When did PACIFIC AIRLINES AVIATION JSC start operating?

PACIFIC AIRLINES AVIATION JSC was started in 24 Oct 1992

What industry does PACIFIC AIRLINES AVIATION JSC operate in?

PACIFIC AIRLINES AVIATION JSC is operating in "Passenger air transport" industry

How can I contact PACIFIC AIRLINES AVIATION JSC?

PACIFIC AIRLINES AVIATION JSC phone numbers is 84-28 / 7309 0058 - 3628 0058 / +84 1900 1550

What adverse news is there about PACIFIC AIRLINES AVIATION JSC?

PACIFIC AIRLINES AVIATION JSC’s has 5 bad news

What is stock symbol of PACIFIC AIRLINES AVIATION JSC?

PACIFIC AIRLINES AVIATION JSC is not listed company

Where is the location of PACIFIC AIRLINES AVIATION JSC?

PACIFIC AIRLINES AVIATION JSC is located at 3rd Floor, Vietnam Airlines Building- Tan Son Nhat Airport (Operating Building of VIETNAM AIRLINES JSC), Truong Son Street, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam

What is PACIFIC AIRLINES AVIATION JSC’s business registration?

PACIFIC AIRLINES AVIATION JSC business registration is 0301103030

My Order (0)

PACIFIC AIRLINES AVIATION JOINT STOCK COMPANY

PACIFIC AIRLINES AVIATION JOINT STOCK COMPANY

PACIFIC AIRLINES AVIATION JOINT STOCK COMPANY

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

We've just released an update!

Don’t miss any of our insights

PACIFIC AIRLINES AVIATION JOINT STOCK COMPANY

PACIFIC AIRLINES AVIATION JOINT STOCK COMPANY

PACIFIC AIRLINES AVIATION JOINT STOCK COMPANY

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

Access Required

Notification