He added the country’s aviation market was still undergoing development and offers equal opportunities for every airline that competes for a share in it. Despite the losses suffered by the Jetstar Pacific Airlines (JPA) in 2009, the general director of the joint stock company, Le Song Lai, said he remained optimistic about the expansion of the domestic aviation market. Although local airlines have expressed their optimism about the future development of the local aviation market, there were concerns about the newcomer’s competitiveness because as a private carrier, Vietjet-AirAsia can be flexible about making business decisions. Viet Nam Airlines is a 100 per cent State-owned company while JPA is a joint stock company in which the State holds a 70 per cent stake. In a statement released on Wednesday, AirAsia said the joint venture with Vietjet would help AirAsia enhance the company’s ASEAN regional expansion plans by providing the airline with additional routes and destinations. Meanwhile, in addition to the plan to launch the Ha Noi-Yangon air route in early March, national flag carrier Viet Nam Airlines has increased its flights on the HCM City-Bangkok route, from one to two daily flights from December 2009, and has enhanced its air route networks linking Viet Nam with Laos and Cambodia. VietNamNet/Viet Nam News.