Business

Bamboo Airways allowed to expand its fleet to 30 aircraft

By Duc Anh June 24, 2019 | 10:39 AM GMT+7

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.

Given the increased fleet, MoT has also requested the airline to hire more pilots as well as technicians and flight attendants accordingly.

Taking into account the country’s development plan for air transport until 2020 with orientation towards 2030, the growth target for air transport is set at an average 16 per cent a year for the period of 2015-2020, and 8 per cent a year in the following five years. 

To accommodate such growth, MoT has estimated each airline would need at least 25-30 aircraft to operate efficiently and stably during the period.

Bamboo Airways, as such, will be allowed to raise its current fleet of 10 to 30 by 2023.

Following its establishment earlier this year, the airline has operated 10 aircraft consisting of Airbus A319, A320 and A321 NEO models. It has to date run 6,606 flights, transporting 800,000 passengers and attaining an occupancy of 80 per cent.

In March, the airline requested MoT to reissue its business license as it swelled its chartered capital from VND700 billion ($30.42 million) to VND 1.3 trillion ($56.52 million) and adjusted its plan to bolster its fleet from 10 to 30.

In February, Bamboo Airways announced its order of ten 787-9 Dreamliners valued at $3 billion, aiming at serving the long-haul flights connecting Vietnam to other destinations in Asia, Europe and North America.

Established last July, Bamboo Airways is Vietnam’s fifth airline. It began commercial operations in January, offering routes between Hanoi and Ho Chi Minh City with other cities in Vietnam.

The airline is wholly owned by the FLC Group, a Vietnamese multi-industry corporation dedicated to real estate, finance, aviation, golf, mining and others.

FLC founder takes over as president and CEO of Bamboo Airways amid ambitious expansion

FLC founder takes over as president and CEO of Bamboo Airways amid ambitious expansion

Business -  6 year
The private airline plans to start international flights to Singapore and Japan in the next couple of months.
FLC founder takes over as president and CEO of Bamboo Airways amid ambitious expansion

FLC founder takes over as president and CEO of Bamboo Airways amid ambitious expansion

Business -  6 year
The private airline plans to start international flights to Singapore and Japan in the next couple of months.
US giant backs Vietnam’s bid to lead ASEAN gas trade

US giant backs Vietnam’s bid to lead ASEAN gas trade

Business -  1 week

With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.

Frasers Property, SPX Express sign deal for largest sorting centre in Southeast Asia

Frasers Property, SPX Express sign deal for largest sorting centre in Southeast Asia

Business -  2 week

Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.

Gamuda Land secures VND3,750 billion loan for Eaton Park project

Gamuda Land secures VND3,750 billion loan for Eaton Park project

Business -  3 week

Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.

WHA Group accelerates industrial park investment in Vietnam amid tariff tensions

WHA Group accelerates industrial park investment in Vietnam amid tariff tensions

Business -  3 week

Amid global economic volatility, WHA Group has rapidly rolled out multiple expansion projects in Vietnam, signaling its strategic focus on the country.

Hai Phong Port unveils new deep-water terminals to meet growing trade demand

Hai Phong Port unveils new deep-water terminals to meet growing trade demand

Business -  4 week

Hai Phong Port JSC. has inaugurated international container terminals No. 3 and 4 at Lach Huyen, raising its throughput capacity to 3.5 million TEUs per year.

Hoang Huy Group to raise $79 million for Haiphong property projects

Hoang Huy Group to raise $79 million for Haiphong property projects

Business -  1 month

Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.