Vietjet (VJC) Taps Starlink for In-Flight Wi-Fi on 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 - Bất động sản, 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) signed a cooperation agreement with Starlink, the satellite internet service of SpaceX, to bring high-speed internet to its fleet, with an initial rollout planned across 120 aircraft. The technical integration and operation of the onboard Wi-Fi infrastructure sits with Galaxy Telecom, a member of Galaxy Holdings, which is wholly owned by Milky Way, the vehicle of Nguyen Phuoc Hung Anh Victor, son of billionaire Nguyen Thi Phuong Thao. The arrangement matters for VJC because in-flight connectivity is increasingly a competitive differentiator on long-haul and premium routes.
Key Facts
- The agreement was signed on 23 September in New York, United States, between Vietjet and Starlink.
- Initial deployment covers 120 Vietjet aircraft: 100 Airbus A321/Boeing 737 aircraft and 20 Airbus A330 aircraft.
- Aircraft delivered to Vietjet in the coming period will also be equipped with the service.
- Galaxy Telecom will handle solution integration, system management and operation of the Wi-Fi telecommunications infrastructure on the 120 aircraft in the first phase.
- Galaxy Telecom is a member of Galaxy Holdings, established in 2021, and operates under the SkyFi brand focused on telecommunications and digital connectivity solutions.
- Galaxy Holdings is wholly owned by Milky Way, a company 100% owned by Nguyen Phuoc Hung Anh Victor, son of Nguyen Thi Phuong Thao.
- Galaxy Telecom was founded in 2024 and is moving from ground-based connectivity services into aviation connectivity infrastructure.
What Happened
Under the agreement, Starlink supplies the satellite internet connection while Vietjet operates the aircraft, and Galaxy Telecom occupies the layer in between: integrating the solution, managing the system and running the technical Wi-Fi infrastructure that carries the satellite signal to passenger devices during flight. According to Galaxy Holdings, this is the necessary step that turns a satellite transmission into a usable onboard internet service, requiring equipment, connectivity solutions and network management adapted to the aviation environment. Galaxy Telecom is not the satellite connectivity provider.
The transaction value was not disclosed in the source article, and no timeline beyond the initial 120-aircraft phase was given. The article frames the project as a notable expansion for Galaxy Telecom, which was established in 2024 and has focused on ground-based connectivity under the SkyFi brand. The ownership chain runs from Nguyen Phuoc Hung Anh Victor through Milky Way to Galaxy Holdings and then Galaxy Telecom, placing the Wi-Fi infrastructure work within the family orbit of Vietjet’s founder.
Market Context
VJC closed at VND 132,800 on 27 September 2026 on the Ho Chi Minh Stock Exchange. The Starlink tie-up lands as Vietnamese carriers compete on fleet renewal and service quality, with Vietjet’s order book spanning narrowbody A321/Boeing 737 aircraft and widebody A330s. In-flight connectivity has become a standard expectation on widebody international routes, and the inclusion of 20 A330s in the first phase suggests the service is aimed partly at longer sectors where passenger willingness to pay for connectivity is highest.
Strategic Significance
The strategic read is that Vietjet is buying a service differentiator without owning the satellite network, while the integration and operations layer is retained inside a related-party structure. For long-term investors, the key question is whether onboard Wi-Fi becomes a revenue line, a retention tool, or a cost absorbed into ticket pricing. Galaxy Telecom’s role also creates a related-party relationship that investors should track through future disclosures, since the counterparty sits within the founder’s family holdings rather than an independent third party.
What to Watch
- Disclosure of the contract value and any related-party transaction terms between Vietjet and Galaxy Telecom.
- Confirmation of the installation schedule and which routes receive the first Starlink-equipped aircraft.
- Whether Vietjet announces pricing or bundling for onboard Wi-Fi, and how it affects ancillary revenue reporting.
- Galaxy Telecom or Galaxy Holdings filings that quantify the aviation connectivity business.
- Vietjet’s next quarterly earnings release for commentary on connectivity costs and fleet delivery timing.