Vietnam’s skies will become more crowded with the expected arrival of new airline Vinpearl Air, part of the Vingroup owned by US dollar billionaire Phạm Nhật Vuong.
Vingroup’s interests in Vietnam span hotels and resorts, private hospitals and shopping malls.
Vietnam authorities have granted a business licence to the airline, which plans to have 30 aircraft flying international routes, along with its own pilot training school.
With a charter capital of VND1.3 billion (US$55.9 million), the airline’s majority shareholders are held by the group’s tourism arm VinAsia Tourism Development with 45% and Hoang Quoc Thuy (30%) and Pham Khac Phuong (25%), both whom have positions within the group.
With the arrival of Vinpearl Air, Vietnam’s aviation industry will have six airlines: Vietnam Airlines, Jetstar Pacific, Vietjet Air, Vasco, Vinpearl Air and another new kid on the block, Bamboo Airways.