Domestic airlines may face difficulties in achieving high revenues in 2019 and profits are anticipated come mainly from the decline in oil prices and service fees from international visitors.
The Prime Minister has formally approved the proposal of the Ministry of Transport on the licensing of air transportation business for Bamboo Airways, a member of the FLC Group.
The new airline Bamboo Airways, owned by FLC Group, has just announced that its first commercial flight will be moved to the fourth quarter of this year other than on this October 10 as initially scheduled.
Bamboo Airways' first flights are scheduled in October and the airline plans to open 37 domestic and international routes in the near future.
The number of airplanes ordered and purchased by Bamboo Airways is beyond the guidelines approved by the Prime Minister as well as the application for air transportation business license of the airline remains pending.
A series of resort property projects that FLC Group has been developing will enable Bamboo Airways to become more competitive in Vietnam's rapidly growing aviation market.
According to the recent resolution of FLC Group’s Board of Directors, the Group plans to increase Bamboo Airways' charter capital by $26 million, an increase from $30.4 million to $56.4 million.
The approval of Bamboo Airways project has been officially signed by Deputy Prime Minister Trinh Dinh Dung.
This commitment in $5.6 billion deal marks the first widebody long-haul airplanes for FLC Group-owned Bamboo Airways.
On May 10, 2018, FLC Group entered into the Memorandum of Understanding (MoU) with Best Western, a hotel management brand from the US.
