Cargo carrier takes off in early 2010
The first flights of Vietnam’s first
private air Cargo carrier, Trai Thien Air Cargo Joint-Stock Company, is
scheduled to begin operations in the first quarter of next year.
The first flights of Vietnam’s first
private air Cargo carrier, Trai Thien Air Cargo Joint-Stock Company, is
scheduled to begin operations in the first quarter of next year.
Trai Thien AirCargo specialises in cargo transportation on domestic and international routes, with a focus on the Northeast Asian and Southeast Asian markets.
It has registered to operate with Boeing 737-300 freighters which were converted from passenger aircraft, according to a press release from the Trai Thien Sea & Air Transportation Corporation.
Trai Thien Corp was established from its subsidiaries Trai Thien Shipping Transport Investment and Development Joint-Stock Company, which was set up in June 2007, and Trai Thien Air Cargo Joint Stock Co, a year later.
Addressing the opening of the HCM City-based group on Oct. 23, the president and CEO of Trai Thien Group, Nguyen Quoc Khanh, said with a charter capital of 500 billion VND (28 million USD), Trai Thien has four cargo ships with total capacity of 13,391 DWT.
He said by the end of this year, the groups’ fleet would be raised to eight with total capacity of more than 40,000 tonnes.
With a bigger fleet, the group will expand its services to Europe and North America, transporting cargo such as steel, machinery and equipment, timber, materials for agricultural production, rice, cement and clinker.
During the opening ceremony, the group also signed with the Vietnam Shipbuilding Industry Corp (Vinashin) a contract to buy 16 vessels with capacity of 34,000 DWT to 56,000 DWT each.
Khanh said Trai Thien had proposed a 300 million USD project to develop a deep-water seaport on Con Dao Island. The proposal has received the go-ahead from the southern Ba Ria-Vung Tau provincial authority.
Khanh also announced that Trai Thien Shipping Transport Investment and Development Joint Stock Company had been listed on the US ’s Over the Counter Bulletin Board (OTCBB), adding that the listing on the US securities market would help the group mobilise capital and build a strong brand around the world.
Khanh said the group would soon open a representative office in California, which will help Trai Thien increase its volume of cargo transport from Vietnam to Europe and the Western coast of the US./.
Trai Thien AirCargo specialises in cargo transportation on domestic and international routes, with a focus on the Northeast Asian and Southeast Asian markets.
It has registered to operate with Boeing 737-300 freighters which were converted from passenger aircraft, according to a press release from the Trai Thien Sea & Air Transportation Corporation.
Trai Thien Corp was established from its subsidiaries Trai Thien Shipping Transport Investment and Development Joint-Stock Company, which was set up in June 2007, and Trai Thien Air Cargo Joint Stock Co, a year later.
Addressing the opening of the HCM City-based group on Oct. 23, the president and CEO of Trai Thien Group, Nguyen Quoc Khanh, said with a charter capital of 500 billion VND (28 million USD), Trai Thien has four cargo ships with total capacity of 13,391 DWT.
He said by the end of this year, the groups’ fleet would be raised to eight with total capacity of more than 40,000 tonnes.
With a bigger fleet, the group will expand its services to Europe and North America, transporting cargo such as steel, machinery and equipment, timber, materials for agricultural production, rice, cement and clinker.
During the opening ceremony, the group also signed with the Vietnam Shipbuilding Industry Corp (Vinashin) a contract to buy 16 vessels with capacity of 34,000 DWT to 56,000 DWT each.
Khanh said Trai Thien had proposed a 300 million USD project to develop a deep-water seaport on Con Dao Island. The proposal has received the go-ahead from the southern Ba Ria-Vung Tau provincial authority.
Khanh also announced that Trai Thien Shipping Transport Investment and Development Joint Stock Company had been listed on the US ’s Over the Counter Bulletin Board (OTCBB), adding that the listing on the US securities market would help the group mobilise capital and build a strong brand around the world.
Khanh said the group would soon open a representative office in California, which will help Trai Thien increase its volume of cargo transport from Vietnam to Europe and the Western coast of the US./.
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