
Sun PhuQuoc Airways to operate Airbus jets, in talks with Boeing for Dreamliner
The airline is also in talks with Boeing to purchase wide-body aircraft, including Boeing 787-9 and Boeing 787-10 jets, it said in a statement.
State media reported last month the airline aimed launch its maiden flight in the fourth quarter of this year and to expand its fleet to 31 planes by the end of 2030.
The company aims to begin ticket sales from the end of October, it said in its Friday statement.
Sun PhuQuoc will focus on services between Phu Quoc Island and Vietnam's major cities, including Hanoi, Ho Chi Minh City and Danang, and also destinations in Japan, South Korea and China, it said.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Reuters
9 hours ago
- Reuters
Coach parent Tapestry's tariff hit hurts annual profit target, shares slump
Aug 14 (Reuters) - Tapestry (TPR.N), opens new tab forecast annual profit below estimates on Thursday, as the Coach handbag maker grapples with higher tariff costs, sending the company's shares down 12% in premarket trading. The company estimates a $160-million hit from the U.S. import duties, the latest warning of negative effects of tariffs on luxury retailers, including bellwethers such as Gucci-owner Kering ( opens new tab and French luxury group LVMH ( opens new tab. The Trump administration's unpredictable trade policies have shaken consumer sentiment and disrupted businesses and supply chains worldwide. Tapestry makes its Coach and Kate Spade handbags primarily in countries such as Vietnam, Cambodia, the Philippines and India. "Tariffs are expected to have more of a negative effect on fiscal year 2026 than investors may have expected. However, it is still early in the fiscal year, and Tapestry may want to be cautious," Morningstar analyst David Swartz said. The Kate Spade-owner expects fiscal 2026 earnings per share to be in the range of $5.30 to $5.45, compared with analysts' estimates of $5.49 per share, as per data compiled by LSEG. The forecast accounts for about 60 cents of incremental hit from tariffs. Shares of the company have risen about 74% this year on the back of the popularity of its Coach Tabby and Empire bags, which helped the company forecast strong revenue for the year. The push to add bag charms is also attracting millennial and Gen Z customers in regions such as North America, China and Europe. "Demand for the Coach brand is enduring despite the broader downturn in luxury, thanks to the brand's sharp focus on high-quality, on-trend handbags and its extensive marketing through the right channels to reach younger buyers," eMarketer's Sky Canaves said. The company posted quarterly sales of $1.72 billion that beat analysts' estimates of $1.68 billion. Adjusted profit for the fourth quarter ended June 28 was $1.04 per share, topping estimates by 2 cents.


Reuters
9 hours ago
- Reuters
India imposes anti-dumping duty on some steel imports from Vietnam
Aug 14 (Reuters) - India, the world's second-biggest producer of crude steel, has imposed anti-dumping duty on some steel shipments from Vietnam, the Ministry of Commerce and Industry said. This comes a year after the ministry initiated a probe on some steel imports from the Southeast Asian country to analyse threats and consequential injury to India's steel sector. The duty is on some hot-rolled flat products of alloy or non-alloy steel, the ministry said in a notification dated Wednesday. "Domestic steel industry has suffered injury as a result of dumped imports," it said. "The injury margin is positive and significant." The ministry flagged further threats to local mills if anti-dumping duties are not levied on other select goods from Vietnam. In April, India imposed a 12% temporary tariff on some steel imports, locally known as a safeguard duty, to curb a surge in cheap shipments primarily from China.


BreakingNews.ie
10 hours ago
- BreakingNews.ie
Michael O'Leary says Ryanair summer bookings remain strong
Ryanair is seeing strong demand across Europe with bookings ahead of last year, and is "reasonably optimistic" about hitting its summer targets, chief executive Michael O'Leary said in an interview on Thursday. He also praised Boeing for agreeing to deliver some jets earlier than scheduled, ending a run of delays that have curbed Ryanair's growth rate. Advertisement "We're seeing strong bookings through the peak summer months ... The fares are holding up," O'Leary said, adding that bookings were about 1 per cent ahead of the same point last year. He repeated a forecast from July that average fares were likely to recover almost all of a 7 per cent decline seen in the July-September quarter last year, when Ryanair was hit by consumer caution and a dispute with some online travel agents. Hitting the summer target will depend on close-in bookings for the remainder of the airline's key second quarter, which ends on September 30th, he said. There has been no sign of consumers changing their plans due to heatwaves this summer, O'Leary added. But he warned that US tariffs would ultimately act as a drag on global growth. Advertisement "I think everybody is cautious at the moment, and we're right to be cautious," he said. Boeing, which is due to deliver the final 29 aircraft of Ryanair's current order of 737 Max jets this winter, has agreed to deliver seven jets in August and seven in September, ahead of an earlier-agreed schedule. "Boeing are doing a terrific job," O'Leary said. He was speaking in Tirana, where he announced a doubling of capacity to four million passengers per year with the basing of three aircraft at the airport from next April. He described Albania as a hidden jewel of the Adriatic. Advertisement Ryanair, Europe's largest airline by passengers, also announced plans to increase capacity serving Sweden by 25 per cent for this winter, adding eight new routes, after the country scrapped its aviation tax at the beginning of last month. That will add to pressure on local rivals such as SAS and Norwegian Air. Ryanair chief marketing officer Dara Brady called on Sweden also to freeze airport charges and potentially offer additional incentives for growth, saying this could allow Ryanair to double its Swedish traffic by 2030. "The market is well capable of growing significantly here over the next number of years," Brady told a news conference.