Vietstar Airlines waits for government approval
HANOI - Vietstar Airlines is waiting for the government approval to expand its operations.
HANOI - Vietstar Airlines is waiting for the government approval to expand its operations.
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 indentity, 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 northeast and southeast Asian nations.
As of March 31, 2015, the company had registered capital of VND800 billion (US$35.8 million). The company still lacks an additional VND47.3 billion 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.
