Illustrative image (Photo: Internet) Hanoi (VNA) - 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.
In April, Deputy Prime Minister Trinh Dinh Dung signed a decision approving the investment policy of Vietravel Airlines with a total investment of 700 billion VND (30.2 million USD).
Vietravel Airlines will be based at Phu Bai International Airport in the central province of Thua Thien - Hue.
During its first year of operations, the carrier will use three Airbus, Boeing, or equivalent aircraft, which will then rise to eight by its fifth year.
It has set a goal of catering to 1 million passengers in its first year, thus creating nearly 600 jobs.
The airline will conduct domestic and overseas flights and contribute to improving the capacity of Vietnam’s air transport and tourism sectors while promoting socio-economic development during global integration./.
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.
In April, Deputy Prime Minister Trinh Dinh Dung signed a decision approving the investment policy of Vietravel Airlines with a total investment of 700 billion VND (30.2 million USD).
Vietravel Airlines will be based at Phu Bai International Airport in the central province of Thua Thien - Hue.
During its first year of operations, the carrier will use three Airbus, Boeing, or equivalent aircraft, which will then rise to eight by its fifth year.
It has set a goal of catering to 1 million passengers in its first year, thus creating nearly 600 jobs.
The airline will conduct domestic and overseas flights and contribute to improving the capacity of Vietnam’s air transport and tourism sectors while promoting socio-economic development during global integration./.
VNA
