Investors are queuing up to enter the aviation market with trillions dong worth of capital, which is expected to remap the market.
All Vietnamese airlines want to increase the number of aircraft they use, but the Civil Aviation Authority of Vietnam (CAAV) has not agreed to the fleet expansion plans.
Vietnam will catch up with Thailand in the number of domestic air carriers, just second to Indonesia, when all air carriers that have applied for a license begin operation.
The Civil Aviation Authority of Vietnam (CAAV) has affirmed that Vinpearl Air and Vietravel can meet the requirements for submission to the PM for approval.
The local aviation market is booming as several new airlines have entered the market, provoking concern over how major airports in the country can handle sudden rises in passengers and aircraft movements.
Vietnam’s airlines have been buying more aircraft, expanding fleets and opening new air routes in recent years at a rapid pace.