Business

Vietstar Airlines waits for government approval

The Ministry of Transport has asked the government to grant an air transport business licence for Vietstar Airlines Multirole Corporation (Vietstar Airlines) to operate as a passenger carrier.
Vietstar Airlines waits for government approval ảnh 1Vietstar Airlines is expected to become a cargo carrier in the future. (Photo: baogiaothong.vn)

Hanoi (VNA) - The Ministry of Transport has asked the government to grant an air transport business licence for Vietstar Airlines Multirole Corporation (Vietstar Airlines) to operate as a passenger carrier, local media reported.

Established in 2010, Vietstar Airlines is owned by Vietnam Air Defence and Airforce, under the Ministry of National Defence.

The HCM City-based airline currently operates in passenger and cargo transport, aircraft repair and maintenance, aviation fuel supply, and pilot training in Vietnam.

The company plans to use aircraft, including Boeing 737 and Airbus 320 models, in the first five years, baogiaothong.vn reported.

"The company has built a corporate identity, including a logo and icon, suitable for its business operations," said the General Director of Vietstar Airlines, Pham Trinh Phuong.

If the airline is granted a licence, it will focus on domestic routes between northern and southern Vietnam, as well as on routes from Vietnam to the north Asian countries and to the ASEAN countries.

As of March 31, 2015, the company had registered capital of 800 billion VND (35.8 million USD). The company still lacks an additional 47.3 billion VND to reach the minimum capitalisation required for an international and domestic passenger and cargo carrier, as per a government decree issued in 2013.

Statistics of the Civil Aviation Authority of Vietnam (CAAV) show that the country currently has eight airlines, including Vietnam Airlines, Jetstar Pacific Airlines, Vietnam Air Services Company (VASCO), VietJet Air, Blue Sky Travel, Event Company Ltd, Hai Au Airline JSC, and Green Planet Technology JSC.

"CAAV will support Vietstar Airlines in exploring domestic and international routes, as well as in building a cargo carrier airline," said the General Director of CAAV, Lai Xuan Thanh.

Currently, Vietnam does not have an airline specialising only in cargo transport services.

As of the end of 2015, Vietnam had 131 aircraft. Vietnam Airlines has the largest fleet, with 86 aircraft. VietJet Air is second, with 25 aircraft. Jetstar Pacific is third, with 11 aircraft.-VNA

VNA
#Vietstar Airlines #transport business #cargo transport #passenger carrier.
Follow VietnamPlus

Related News

Vietnam Airlines sets up new VASCO airline

Vietnam Airlines sets up new VASCO airline

Vietnam Airlines Corp officially set up a new airline based on the restructuring of its subsidiary Vietnam Air Services Co (VASCO), the national carrier said in a press release on March 7.

See more

At Xa Mat international border gate (Photo: VNA)

📝OP-ED: Decree 46 - Not proof of distorted “systemic failure”

Temporary suspensions, adjustments, or revisions of newly enacted policies are never ideal and should be minimised. Yet such course corrections occur worldwide, irrespective of a country's development stage or market-economy maturity. What counts is rapid remediation to contain losses, extraction of lessons to prevent recurrence, and firm resistance to the dissemination of misleading or hostile allegations, which will help both enforcers and those subject to compliance maintain clarity and composure.

Delegates at the signing ceremony of the MoU between the Brazil–Vietnam Chamber of Commerce (BVC) and the Espirito Santo Chapter of the Brazil–Vietnam Chamber of Commerce and Industry (CCBV-ES). (Photo courtesy of the Vietnamese Embassy in Brazil)

Vietnam, Brazil step up trade promotion cooperation

The Brazil–Vietnam Chamber of Commerce (BVC) and the Espirito Santo Chapter of the Brazil–Vietnam Chamber of Commerce and Industry (CCBV-ES) recently inked the MoU to enhance cooperation and expand business opportunities for enterprises from the two countries, with support from the Vietnamese Embassy in Brazil.

Chua Ve container port in Hai Phong (Photo: nhandan.vn)

Vietnam accelerates green transition for seaports

In recent years, while expanding infrastructure and boosting operational efficiency, the country has steadily rolled out a national green port initiative to align with international standards and encourage sustainable growth in the maritime industry.

More than 4.1 million air passengers are forecast during the peak travel period of the Lunar New Year 2026. (Photo: VNA)

19 additional aircraft to be deployed to serve Lunar New Year peak period

During the pre-Tet peak, several routes from Ho Chi Minh City to destinations such as Hue, Thanh Hoa, Vinh, Pleiku, Tuy Hoa, Quy Nhon, Chu Lai and Dong Hoi have recorded booking rates above 90%, with some reaching 100%. In contrast, return flights from localities to Ho Chi Minh City remain low, with many flights reporting booking rates below 35% and several operating as ferry flights to return aircraft.

Shoppers at the first Glorious Spring Fair (Photo: VNA)

Spring Fair 2026: Opportunities for businesses to expand connections

Many businesses are doing more than presenting product functions; they are also telling the story of their raw-material regions, production processes, and social and environmental responsibility. This reflects a clear transition: companies are no longer competing solely on price, but increasingly on perceived value and consumer trust.

Vietnam Airlines will deploy wide-body Airbus A350 aircraft on its new nonstop Vietnam–Netherlands service starting June 16. (Photo: VNA)

Vietnam Airlines to launch first nonstop Hanoi–Amsterdam route

Nguyen Quang Trung, Deputy General Director of Vietnam Airlines, said that the nonstop Hanoi–Amsterdam route marks an important milestone in the carrier’s European network expansion strategy. Its presence at one of the world’s leading aviation hubs will not only broaden the airline’s business opportunities but also help strengthen economic, trade and investment connection, as well as people-to-people exchanges between Vietnam and the Netherlands, and Europe in general.

Central Highlands region's products on display at the first Glorious Spring Fair 2026 (Photo: VNA)

Spring Fair 2026: Traditional flavours find new pathways to market

Products rich in traditional flavours - from confectionery and processed agricultural goods to highland tea - are presented in refreshed designs that preserve cultural identity while meeting rising market standards, opening up prospects for expanded consumption and gradual entry into export markets.