Foreign firm plans private air carrier in Vietnam
The Hanoi-based T&C Investment Joint Stock Company sent an open letter last week to VCA revealing that a plan would be submitted to authorize agencies in the near future.
Established in 2006 with a chartered capital of US$6.25 million by Goldkey International Company and TAIT Asia Ltd, T&C specializes in technology and construction products and services and logistics.
VCA said it has also received a proposal from the local firm Vietjet Aviation Joint Stock Company.
Before T&C and Vietjet, the Saigon Aviation Joint Stock Company (Sai Gon Airlines) had expressed its wish to establish a private airline.
Of Vina AirAsia’s $30 million in capital, AirAsia would hold a 30 percent while Vinashin would control the rest.
The new airline will serve domestic, regional and international routes, and eventually build two distinct divisions to facilitate short and long-haul aviation.
Besides the required capital, the applicant must meet several safety and security requirements.
Vietnam Airlines covers more than 80 percent of the domestic civil air transport market, while Pacific Airlines and VASCO control the remainder.
Demand for air transport in
By 2010, around $1 billion will be spent on airport development, while another $1.8 billion will be spent from 2011 to 2015 and a further $2.7 billion between 2016 and 2020.
Passenger and freight traffic are forecast to continue growing strongly through 2010, requiring aggressive airport expansion initiatives.
The country’s total airport capacity will be increased by 250 percent by 2015 and by 400 percent by 2020.
Currently there are 22 airports in
Sunday, September 16, 2007
Vietnam's aviation business growing fast
Posted by Saigon Charlie