Vietnam newest carrier Bamboo Airways finally received its licence to start its operation, The airline will be the country fifth carrier after national carrier Vietnam Airlines, budget airlines JetStar Pacific and Vietjet as well as VASCO. The airline plans to start its first flight before year-end…
Deputy Minister of Transport Lê Đình Thọ signed an aviation business licence for Bamboo Airways, owned by property developer FLC Group, this Monday.
Bamboo Airways is part of the Việt Bamboo Airlines Company based in Nhơn Lý, Quy Nhơn in Bình Định Province.
It will be allowed to operate for the transport of passengers, mail and freight both domestically and internationally.
Bamboo Airways is Việt Nam’s fifth airline, after Vietnam Airlines, budget operators Jetstar Pacific and Vietjet Air, and Việt Nam Air Service (VASCO). All preparations have been completed to allow the carrier’s maiden flight to take off, said Đặng Tất Thắng, director of Viet Bamboo Airlines. The firm planned to operate its first flight in the final quarter of 2018, he added.
Việt Bamboo Airlines Company was established in 2017 with a capital of US$31.4 million. FLC has positioned Bamboo Airways as a “hybrid” airline, blending low-cost traits with those of traditional or full-service carriers to meet the demands of every market segment.
The group has also invested in infrastructure for aviation operations, such as upgrading Phù Cát Airport in Quy Nhơn City and roads connecting the airport to the Nhơn Hội Economic Zone.
The first Airbus A319, A320 aircraft are being prepared by Bamboo Airways in Turkey and the Philippines for use in Vietnam.
The airline is expected to use 20 planes this year and 20-30 in 2019. The new aircrafts from its $8.8 billion deal with Airbus and Boeing are set to be delivered in 2020. The company plans to operate about 100 routes connecting Hà Nội – Quy Nhơn, Hà Nội – Đồng Hới, HCM City – Quy Nhơn, Hà Nội – HCM City, and HCM City – Vân Đồn.
In the international market, Bamboo Airways hopes to cover Japan, South Korea, China, Singapore, Thailand, Hong Kong, Taiwan and the Philippines. It also aims to open flights to the US and Europe in the long term.
It has also signed a memorandum of understanding with the Civil Authority of Việt Nam on using landing services and security checks at Danang, Hanoi, Haiphong, Halong Bay, Ho Chi Minh City and Hue airports.
According to the Ministry of Transport, the aviation market’s annual growth rate is predicted to be 16 per cent from now to 2020, and 8 per cent for 2020-30. Local airlines are expected to serve 64 million passengers by 2020 and 131 million passengers by 2030.