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Wednesday, June 12, 2024

First aircraft of IPP Air Cargo to arrive in Vietnam

The Saigon Times

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HCMC – An aircraft of IPP Air Cargo JSC, whose chairman is billionaire Jonathan Hanh Nguyen, will be delivered to Vietnam soon, said a representative of the firm.

The aircraft will arrive after the Civil Aviation Authority of Vietnam grants an air operator certificate to the cargo airline, the representative added, reported by Lao Dong Online.

Besides, three other aircraft of the cargo airline are expected to be delivered by the end of the year.

The cargo airline project of IPP Air Cargo costs an estimated VND2.4 trillion in investment, with 30% backed by its own budget and the remainder mobilized from other sources.

The Ministry of Transport had previously reported to the prime minister a plan to issue an air transport license to IPP Air Cargo Company.

Once licensed to offer its freight transport service, IPP Air Cargo will operate five cargo aircraft in the first year of its operations. The fleet will reach seven planes in the second year and 10 in the third.

As of now, 29 international airlines transport commodities from 16 countries and territories to Vietnam.

In Vietnam, five local carriers are allowed to transport cargo on passenger flights, while there is no dedicated cargo airline in the country.

The establishment of IPP Air Cargo is expected to provide customers with quality air freight transport services and bolster the development of the local logistics sector.

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