Vietjet (VJC) Starlink Deal: Galaxy Telecom to Wire 120 Aircraft
This Aveluro analysis covers VJC (Vietjet Air) on HOSE in the Travel & Leisure sector. The classified event type is strategic partnership, with positive sentiment and a deterministic market-impact score of 5.0/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from CafeF - Doanh nghiệp, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
Vietjet (HOSE: VJC), Galaxy Telecom and Starlink signed a strategic partnership on 23 September 2026 in New York to bring high-speed satellite internet to 120 Vietjet aircraft. Galaxy Telecom, the SkyFi-branded unit inside the Galaxy Holdings ecosystem, will integrate the solution, manage the system and operate the onboard Wi-Fi infrastructure. The agreement gives Vietnam’s largest private carrier a connectivity upgrade and hands a domestic technology group its first large-scale in-flight telecom mandate.
Key Facts
- The agreement was signed on 23 September 2026 in New York, United States, by Vietjet, Galaxy Telecom and Starlink.
- The initial rollout covers 120 Vietjet aircraft equipped with Starlink satellite connectivity.
- SpaceX supplies the Starlink satellite constellation infrastructure; Vietjet provides the aviation operating platform.
- Galaxy Telecom (SkyFi) handles solution integration, system management and operation of all Wi-Fi technical infrastructure on the 120 aircraft.
- Galaxy Telecom was established in 2024 and launched its SkyFi mobile network with the 0707 prefix in June 2025.
- Galaxy Holdings was founded in 2021 with charter capital of VND 500 billion, later raised to VND 1,345 billion in 2025 when ownership moved to Milky Way Investment Company Limited.
- Nguyễn Thị Phương Thảo and her delegation attended the NYSE opening bell ceremony on 21 September, accompanied by her eldest son Nguyễn Phước Hùng Anh Victor (Tommy Nguyễn).
What Happened
According to information released by Galaxy Holdings, the partnership is structured as a three-party model. SpaceX provides the Starlink satellite constellation, Vietjet supplies the aviation operating platform, and Galaxy Telecom acts as the integrator and operator of the Wi-Fi telecommunications infrastructure across the 120 aircraft. Galaxy Holdings described Galaxy Telecom as a “link” in the in-flight satellite internet chain, and said the move marks a significant expansion of the SkyFi brand from ground-based telecom services into aviation connectivity.
The announcement followed a New York business trip by Dr. Nguyễn Thị Phương Thảo, Vietjet’s chairwoman, whose delegation visited the New York Stock Exchange and took part in the opening bell ceremony on 21 September. Her eldest son, Nguyễn Phước Hùng Anh Victor (Tommy Nguyễn), appeared alongside the delegation. Galaxy Holdings, established in 2021, spans payments, telecom and digital platforms through units including Galaxy Pay, Galaxy Technology, Galaxy Joy, Galaxy One, Galaxy Telecom, Galaxy Connect and FinOS. The filing does not disclose the transaction value of the Starlink agreement.
Market Context
VJC closed at VND 132,800 on 26 September 2026 on the HOSE exchange. The stock sits in the travel and leisure sector, where Vietnamese carriers have been rebuilding international capacity and ancillary revenue streams after the pandemic-era disruption. In-flight connectivity is a differentiating service for long-haul routes, and the Galaxy Telecom mandate also pulls a domestic technology group into the aviation supply chain. The broader Vietnamese market has seen listed companies increasingly announce digital and telecom partnerships as a way to lift service revenue per passenger.
Strategic Significance
For Vietjet, the deal is less about hardware and more about monetisable passenger experience. Satellite Wi-Fi on 120 aircraft gives the carrier a service layer it can bundle into fares or sell as an ancillary product, and it strengthens its positioning on international routes where connectivity is now an expectation rather than a perk. For Galaxy Holdings, the mandate is a proof point: it moves SkyFi from a domestic mobile virtual network into an operational aviation telecom role, creating a reference case that could support future contracts with other carriers. The family-ecosystem angle matters for governance watchers, since Galaxy Holdings’ ownership shifted to Milky Way Investment Company Limited in 2025, but the operational logic of the deal stands on its own.
What to Watch
- Vietjet’s disclosure of the rollout schedule and which aircraft types receive Starlink terminals first.
- Any filing quantifying the contract value or revenue-sharing terms between Vietjet, Galaxy Telecom and SpaceX.
- Galaxy Telecom’s next telecom licence or infrastructure updates as it scales beyond the initial 120 aircraft.
- VJC’s Q3 2026 earnings release for commentary on ancillary revenue and international capacity plans.
- Further Galaxy Holdings corporate actions, including any change in ownership or charter capital at Milky Way.