Wednesday,  Aug 15, 2018,02:21 (GMT+7) 0 0
Bamboo Airways gets Government's approval
The Saigon Times Daily
Wednesday,  Jul 11, 2018,18:00 (GMT+7)

Bamboo Airways gets Government's approval

The Saigon Times Daily

Vietnamese construction company FLC Group and its subsidiary Bamboo Airways introduce Brand Identity Division for the startup airline on April 20 – PHOTO: VGP

HCMC – Deputy Prime Minister Trinh Dinh Dung has signed a decision on behalf of the Prime Minister giving approval in principle for the Bamboo Airways air transport project, the Government news website reported.

Bamboo Airways, a subsidiary of property developer FLC Group, is set to be headquartered at Phu Cat Airport in the south-central coastal province of Binh Dinh, according to Prime Minister’s Decision No. 836, dated July 9.

The Prime Minister has asked the Ministry of Transport to appraise the airline project and issue a business license for aviation transport in line with the prevailing regulations. Meanwhile, the People’s Committee of Binh Dinh will be responsible for verifying the information of the project and inspecting and supervising its execution until 2023.

The in-principle approval gives the airline an operation term of 50 years from the date of issuance of the decision.

With chartered capital of VND700 billion (US$30.3 million), the minimum stipulated for a local airline, Bamboo Airways is expected to become one of the leading airlines in Vietnam, as per the investor's ambitious scheme.

By 2023, Bamboo Airways is expected to have a fleet of ten A320/A321 or B737 aircraft.

Late last month, FLC Group reached an agreement with the United States’ Boeing Company to purchase 20 Boeing 787-9 Dreamliner aircraft for Bamboo Airways in a contract worth US$5.6 billion.

Trinh Van Quyet, chairman of FLC Group, said the Boeing 787-9 Dreamliner aircraft would be added to the airline’s fleet to serve long-haul air services to international markets. He also stressed that Bamboo Airways had set the long-term target of connecting Vietnam with major markets in Asia, Europe and North America by using the new airplanes.

In addition, the high-end amenities of the Dreamliner airplanes would help Bamboo Airways become the first carrier in Vietnam to provide first-class services, Quyet noted.

In May, the Vietnamese property developer signed a US$3-billion contract with European aircraft manufacturer Airbus to buy 24 A321neo aircraft, which are set to be delivered to Bamboo Airways between 2022 and 2025. The airline also plans to lease 10 additional aircraft for its operations.

Dang Tat Thang, general director of Bamboo Airways, said that Bamboo Airways would be a hybrid airline, combining traditional and budget airlines to meet the demands of every segment, and would launch its maiden flight later this year.

Bamboo Airways plans to offer direct international flights to destinations where FLC Group has resort facilities, such as Quy Nhon, Quang Ninh, Haiphong, Phu Quoc and Nha Trang, in addition to domestic flights connecting tourist spots in the country.

Currently, Vietnam has four airlines: national flag carrier Vietnam Airlines, budget operator Jetstar Pacific Airlines, budget carrier VietJet Air and Vietnam Air Services.

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