Business

Vietstar Airlines granted consent for commercial operations

By Phuong Anh July 23, 2019 | 04:50 PM GMT+7

The Vietnam Civil Aviation Authority (CAAV) has granted an Aircraft Operator Certificate (AOC) to Vietstar Airlines to carry out commercial flights in the country.

Embraer Legacy 600 is one of two types of aircraft Vietstar Airlines will operate

The airline will be allowed to offer charter flights on two types of aircraft, including the Embraer Legacy 600 and Beechcraft King Air B300. While the former model is a business jet and can carry up to 13 passengers, the later is a modern and high-speed jet with eight seats available.

Founded in 2010 with a chartered capital of VND400 billion ($17.4 million), Vietstar Airlines Multirole Corporation (VSA) is an aviation company specialised in passenger and cargo transport, aircraft repairing and maintenance, aviation fuel supplying and pilot training.

VSA applied for a commercial license in 2015 and was requested to raise its registered capital. When it doubled its charter capital to VND800 billion ($34.78 million) in 2016, the airline was said to be qualified for the commercial license for passenger and cargo transport services.

The local aviation market now has five commercial airlines, including the national flag carrier Vietnam Airlines, two budget carriers Vietjet Air and Jetstar Pacific, Vietnam Air Services Company (VASCO), and Bamboo Airways under FLC Group.

Earlier on this month, the largest private enterprise in VietnamVingroup has announced its opening of a pilot training school and the launch of its Vinpearl Air Aviation JSC, with a chartered capital of VND1.3 trillion (over $56 million).

Malaysian budget airline AirAsia has made several attempts to launch a low-cost carrier in Vietnam in the past years, yet it has not succeeded. The airline however insists on its keen interest in operating a low-cost airline in Vietnam to leverage the country’s favourable geographical location, prospective aviation market and growth overall. 

Vingroup launches Vinpearl Air and aviation training facilities

Vingroup launches Vinpearl Air and aviation training facilities

National Focus -  5 year
Vingroup is now spreading its wings further into aviation sector with the launch of an airline and other aviation training facilities.
Vingroup launches Vinpearl Air and aviation training facilities

Vingroup launches Vinpearl Air and aviation training facilities

National Focus -  5 year
Vingroup is now spreading its wings further into aviation sector with the launch of an airline and other aviation training facilities.
New alliance pushes ESG standards for Vietnamese businesses

New alliance pushes ESG standards for Vietnamese businesses

Business -  2 day

A new partnership between EY and the Vietnam-Singapore Board Forum (VSBF) is set to strengthen ESG capabilities for Vietnamese businesses, helping shape more sustainable business models.

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

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

Business -  2 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 -  3 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 -  1 month

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 -  1 month

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 -  1 month

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.