Vietnam Airlines set for major restructure
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Vietnam's Ministry of Transport has submitted a proposal to the prime minister for approval to restructure national flag carrier Vietnam Airlines into a national group in the next eight years.
The restructuring project is aimed to develop the corporation into a large carrier group, including key businesses in sectors of aviation transport, aviation industry and other relating services in the Southeast Asia.
Under the restructuring project, the group would have four aviation service companies, 15 subsidiaries, 12 joint ventures compared to the current 18 subsidiaries and 14 joint ventures and six new established companies. Vietnam Airlines aviation system would comprise the holding company, Vietnam Airlines, the Vietnam Airlines Engineering Company, budget Jetstar Pacific Airlines in which it holds a controlling share of about 70 per cent and joint venture, Cambodia Angko Air.
