Vietnam’s first cargo airline inks offers with world producers

Nguyen mentioned that the Authorities Workplace has ordered six associated ministries for his or her suggestions on licensing IPP Air Cargo. There might be clear actions concerning the licensing subsequent week, he added.

Though the cargo provider is but to obtain its license, it has reached transport agreements with two world’s main chip producers with factories in northern Vietnam. Every firm has registered to make use of two plane of IPP Air Cargo, he mentioned, with out figuring out the businesses.

If it will get its license by the tip of November, the airline will launch its first flight from Cat Bi Airport within the northern port metropolis of Hai Phong, Nguyen mentioned.

IPP Air Cargo can be anticipated to function a weekly flight transporting agricultural produce from Queensland, Australia to Vietnam’s Da Nang Metropolis beginning subsequent yr, as mentioned throughout this week’s go to by Mark Furner, Minister for Agricultural Trade Improvement and Fisheries of Queensland.

The airline has accomplished procedures to lease 4 Boeing 737 800BCF plane, one among which has been delivered, with the remaining due in December and subsequent April. It additionally signed offers value $3.5 billion to purchase 10 Boeing 777 Freighters.

IPP Air Cargo has a constitution capital of VND300 billion ($12.81 million), with Imex Pan Pacific Group holding a 70-percent stake and the household of Johnathan Hanh Nguyen, the corporate chairman, the remaining.

Nguyen had mooted the institution of the airline in 2021, however the Civil Aviation Authority of Vietnam mentioned it was not contemplating purposes amid the Covid-19 outbreak.

After acquiring an air transport license, the corporate has to get different permits to fly, together with the plane operator certificates.

It targets revenues of $71 million within the first yr of operation.