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Transport Ministry proposes licensing cargo airline

The Saigon Times

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HCMC – The Ministry of Transport has proposed the prime minister issue an air cargo transport license to IPP Air Cargo JSC, whose chairman is billionaire Johnathan Hanh Nguyen.

The ministry garnered sufficient feedback on the establishment of the cargo airline from relevant agencies, saying that the airline’s documentation meets all business requirements and prevailing regulations, the local media reported.

The local market has five air carriers specializing in transporting both passengers and cargo, while there is no air carrier specializing in cargo transport, said the ministry.

Meanwhile, under the 2020 transport service development strategy with a vision toward 2030 approved by the prime minister, Vietnam would have a fleet of 8-10 aircraft for cargo transport in 2020. The number of aircraft will increase to 15-20 by 2030.

The launch of IPP Air Cargo is aimed at providing customers with specialized cargo transport services and boosting the nation’s logistics growth, said Deputy Minister of Transport Le Anh Tuan.

Johnathan told VnExpress on September 27 that IPP Air Cargo is set to launch its maiden flight in November. The airline has completed procedures to hire four B737 aircraft for its upcoming operation.

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