Print Edition - 2018-11-14 | MONEY
Vietnam’s Bamboo Airways gets aviation licence
Nov 14, 2018-
Vietnam’s newest carrier Bamboo Airways has been granted a licence to fly, officials and the airline said, paving the way for its inaugural flight in a region crowded with competitors.
Run by one of the country’s richest men, Bamboo will compete with well-established heavy hitters such as national carrier Vietnam Airlines and budget carrier Vietjet to serve a mushrooming middle class with growing appetites, and budgets, for travel.
Vietnam’s Transport Ministry said Bamboo’s official aviation license had been approved and that it would aim to operate 100 routes, including to lesser-travelled destinations in Vietnam and elsewhere in Asia, with plans to eventually fly to North America.
“The first domestic flights... are aimed at reducing pressure on aviation infrastructure in major cities, strengthening regional links (and) promoting tourism to Vietnam,” the Transport Ministry said in a statement Tuesday. Bamboo has already signed up to buy 20 of Boeing’s 787 Dreamliners worth $5.6 billion and committed a further $3.2 billion to buy 24 Airbus A321neo planes.
The airline said its inaugural flight, originally scheduled for last month, should take place before the end of the year.
Published: 14-11-2018 08:26