Vietravel Airlines to become country’s sixth airline

23-Oct-2020 Intellasia | VNS | 6:02 AM Print This Post

Prime minister Nguyen Xuan Phuc has recently agreed to license Vietnam Travel Aviation Company Limited (Vietravel Airlines) for air transport, making it the sixth airline in Vietnam.

The PM assigned the Ministry of Transport (MoT) to clarify the financial capacity of the firm to ensure the minimum capital required for the operation of Vietravel Airlines.

Based on that, the MoT will decide when to issue an air transport business license to Vietravel Airlines.

The move makes Vietravel Airlines the country’s sixth airline, after Vietnam Airlines, Vietjet Air, Jetstar, VASCO and Bamboo Airways.

Recently, Nguyen Quoc Ky, chair of Vietravel, said the airline plans to make its first flight on December 18. In the short term, the airline will fly domestically, mainly serving company tours, in addition to a small number of commercial customers.

In April, deputy prime minister Trinh Dinh Dung signed a decision approving the investment policy of Vietravel Airlines with a total investment of VND700 billion (US$30.2 million).

Based in Phu Bai International airport, Thua Thien Hue Province, Vietravel Airlines will provide domestic and international air transportation services, contributing to improving the air transport capacity of Vietnam and the development of the travel and tourism industry as well as the country’s socio-economic development, Ky said.

https://vietnamnews.vn/economy/803716/vietravel-airlines-to-become-countrys-sixth-airline.html

 

Category: Business, Vietnam

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