The granting of an aviation transportation business licence to newly-established Vietstar Airlines will be considered after Tan Son Nhat International Airport in Ho Chi Minh City is expanded, Prime Minister Nguyen Xuan Phuc said in an instruction given to the Ministry of Transport.
Hanoi(VNA) – The granting of an aviation transportation business licence to newly-establishedVietstar Airlines will be considered after Tan Son Nhat International Airportin Ho Chi Minh City is expanded, Prime Minister Nguyen Xuan Phuc said in aninstruction given to the Ministry of Transport.
This means theairline will have to wait at least three years before providing passenger andcargo services, as the upgrade of the Tan Son Nhat International Airport,including the construction of an additional terminal and aprons, is underway.
Vietstar Airlines,which was established in June 2016 with capital of 300 billion VND (13.24million USD), is headquartered in Tan Binh district of Ho Chi Minh City.
It has met all requirements for a licence in terms of capital,airplanes and owner’s qualifications.
The carrier currently has a fleet of five passenger aircraft andtwo cargo aircraft, targeting the domestic, Northeast and Southeast Asianmarkets. It is expected to carry 500,000 passengers and transport 32,000 tonnesof freight during its first year of operation.
Once granted a business license, Vietstar Airlines will becomethe fifth carrier in Vietnam, joining Vietnam Airlines, Jetstar Pacific,Vietjet Air, and the Vietnam Air Services Company.
In a document asking the Government’s approval of Vietstar’slicence, the Ministry of Transport affirmed that adding a new carrier to thedomestic aviation market is keeping with the policy of socialization oftransport and aviation services, helping create a competitive environment forenterprises.
It will also gives passengers more choice with reasonableprices, thus boosting 𓄧the development of localities and reducing pressure onroads, it said.-VNA
Vietnam 's Civil Aviation Administration has granted a license to Vietstar Airlines which will be operating tourist and private flights along domestic and international routes.
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