HCMC – Vietravel Airlines has cut a deal with ASEAN Cargo Gateway, which specializes in logistics, to expand into the air cargo transport market.
The two will run the VUAir Cargo brand, with 51% of its capital contributed by Vietravel Airlines and the rest by ASEAN Cargo Gateway. The cooperation is aimed at boosting the outbound sales of goods and air cargo transport.
During its first year of operation, VUAir Cargo will focus on transporting goods from Vietnam to China, Malaysia, Indonesia and Thailand, operating two or four B737-800F aircraft. The number of planes will double one year later.
The partnership will contribute to making the dream of establishing a cargo airline in Vietnam come true, according to ASEAN Cargo Gateway.
Vietnam currently has no local cargo airlines, but as many as 27 international cargo airlines are active in the country such as China Central Longhao Airlines, China Southern Cargo Airlines, Air Incheon, India’s SpiceJet, Kalitta Airlines LLC and Western Global Airlines LLC, the local media reported.