Vingroup is now spreading its wings further into aviation sector with the launch of an airline and other aviation training facilities.
Bamboo Airways, the airline owned by FLC Group, has got the green light from the Ministry of Transport (MoT) to raise its fleet to 30 aircraft by 2030.
The emergence of new airline and existing low-cost carriers has put the flag carrier of Vietnam in voluminous struggles, in terms of losing market share and experienced pilots.
The Hanoi-based developer is seeking opportunities to expand real estate business in the northern port city.
The private airline plans to start international flights to Singapore and Japan in the next couple of months.
Bamboo Airways has confirmed an order for 10 787-9 Dreamliners valued at $3 billion according to list prices.
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.
