Defense ministry approves VietBamboo Airlines project

The Ministry of National Defense has given the nod to an air transport project of VietBamboo Airlines, a subsidiary of FLC Group JSC, Giao Thong newspaper reports.

Lieutenant General Phan Van Giang, Deputy Minister of National Defense, has written to Binh Dinh Province saying the airline will have to ask for a business license in line with Vietnamese law.

The airline has provided details about its structure, capital, flight network, aircraft fleet and plan to use Phu Cat Airport in Binh Dinh Province in accordance with the Law on Civil Aviation of Vietnam and the Government’s Decree 92 on conditional business sectors or activities in the civil aviation industry.

Under the project, VietBamboo Airlines will provide air transport services at home and abroad.

VietBamboo Airlines would be the first airline to be headquartered in Binh Dinh Province, instead of Hanoi and HCMC. The carrier with total chartered capital of VND700 billion (US$30.8 million) will combine normal and low-cost services.

In 2019, VietBamboo Airlines will operate domestic flights using Airbus A320, Airbus A321 and Boeing B737 narrow-body aircraft.

The airline has plans to operate 24 domestic routes, mainly to resorts of FLC, and 16 international routes to some Northeast Asian countries such as South Korea and Japan by 2023. VietBamboo Airlines expects to hold 3-5% of the local air passenger transport market and contribute some US$52 million to the State budget.

Source: SGT

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