Vietnam’s new Bamboo Airways can finally take off

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Vietnam’s Ministry of Transport on November 12 officially granted an aviation business license to Bamboo Airways, the latest airline in the country to take to the skies. The airline now plans to make its maiden flight before the end of this year.

The license was granted after a long wait. Bamboo Airways was founded by Vietnamese private firm FLC Group, a property conglomerate owned by Trinh Van Quyet, one of Vietnam’s richest men, in mid-2017 with a starting capital of $30 million, which it increased to around $55 million recently.

The license was eventually issued to the airline to reduce pressure on aviation infrastructure in major cities, strengthening regional links and promoting tourism to Vietnam, the transport ministry said in a statement.

Bamboo Airways plans to fly on 100 routes, connecting Vietnam’s major cities with popular domestic and international tourist destinations. Initially it is likely to operate flights such as Hanoi-Quy Nhon and Ho Chi Minh City-Quy Nhon, a city on the central coast.

Later on, plans are to expand to other lesser-traveled places in Vietnam and East Asia, as well as eventually fly to North America. There will also be charter flights and bundled travel packages to FLC resorts.

The Hanoi-based airline has already signed up to buy 20 of Boeing’s 787 Dreamliners worth $5.6 billion and committed a further $3.2 billion to buy 24 Airbus A321neo planes. Owner Quyet says he is confident to make profit “soon after launch” despite heavy competition from budget airline VietJet and national carrier Vietnam Airlines.

 

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Reading Time: 1 minute

Vietnam’s Ministry of Transport on November 12 officially granted an aviation business license to Bamboo Airways, the latest airline in the country to take to the skies. The airline now plans to make its maiden flight before the end of this year.

Reading Time: 1 minute

Vietnam’s Ministry of Transport on November 12 officially granted an aviation business license to Bamboo Airways, the latest airline in the country to take to the skies. The airline now plans to make its maiden flight before the end of this year.

The license was granted after a long wait. Bamboo Airways was founded by Vietnamese private firm FLC Group, a property conglomerate owned by Trinh Van Quyet, one of Vietnam’s richest men, in mid-2017 with a starting capital of $30 million, which it increased to around $55 million recently.

The license was eventually issued to the airline to reduce pressure on aviation infrastructure in major cities, strengthening regional links and promoting tourism to Vietnam, the transport ministry said in a statement.

Bamboo Airways plans to fly on 100 routes, connecting Vietnam’s major cities with popular domestic and international tourist destinations. Initially it is likely to operate flights such as Hanoi-Quy Nhon and Ho Chi Minh City-Quy Nhon, a city on the central coast.

Later on, plans are to expand to other lesser-traveled places in Vietnam and East Asia, as well as eventually fly to North America. There will also be charter flights and bundled travel packages to FLC resorts.

The Hanoi-based airline has already signed up to buy 20 of Boeing’s 787 Dreamliners worth $5.6 billion and committed a further $3.2 billion to buy 24 Airbus A321neo planes. Owner Quyet says he is confident to make profit “soon after launch” despite heavy competition from budget airline VietJet and national carrier Vietnam Airlines.

 

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