The Vietnam Civil Aviation Authority granted an Aircraft Operator Certificate (AOC) to a new entrant to the commercial airline scene in the country: Vietstar Airlines.
Vietstar – a private/military venture founded in 2011 – first applied for an AOC in 2015 but was advised to raise its registered capital from VND 400 Billion (USD $17.6 million) to VND 800 Billion (USD $34.5 million). The Ho Chi Minh-based company – which offers aviation support services such as ground handling, pilot training, and aircraft maintenance – will soon offer charter, air taxi, and cargo services.
In the AOC, the airline has plans to operate Embraer Legacy 600 business jets and Beechcraft KingAir B300 turboprops. Within the first year, the carrier plans to serve 500,000 passengers and transport 32,000 tons of cargo. According to a report on Air Transport World, the airline intends to lease five Boeing 737-800 aircraft and a fleet of 20 aircraft by 2020.
Vietnam currently has five active airlines – Vietnam Airlines, Vasco, Jetstar Pacific, VietJet, and Bamboo Airways. Bamboo Airways was the most recent addition to the country’s aviation industry after it launched its first flights in January 2019. Recently, Vietnamese conglomerate Vingroup announced it would launch a new airline – Vinpearl Air.