ANA and Vietnam Airlines plan to form joint venture

ANA and Vietnam Airlines announced on Monday, November 9, 2026, that the two parties have agreed to move forward with forming a joint venture and to apply for antitrust immunity; the matter requires approval from the relevant regulatory authorities in Japan and Vietnam. The two airlines' cooperation began in 2016, when ANA Holdings Inc. became a strategic shareholder of Vietnam Airlines; the two parties currently have a codeshare agreement and mutually share frequent flyer program benefits. The current progress is that the two parties announced they are moving forward with forming a joint venture and applying for antitrust immunity, which is still pending approval from regulatory authorities in Japan and Vietnam.