return icon Vietnamnet.vn

Private jet market warming up

VietNamNet Bridge - The news that Thai Aerospace Services has been chosen by Honda as the distributor of HondaJet in the SE Asian market has caught public attention. 
VietNamNet Bridge - The news that Thai Aerospace Services has been chosen by Honda as the distributor of HondaJet in the SE Asian market has caught public attention. 


{keywords}



According to the Japanese press, HondaJet was launched in December 2015; the manufacturer received 100 orders from all over the world. 

The plane is offered to businessmen who want to save time on traveling. It entered the US market after FAA granted a certificate on meeting technical requirements.

The news that Thai Aerospace Services has been chosen by Honda as the distributor of HondaJet in the SE Asian market has caught public attention. 

A representative of the Civil Aviation Authority of Vietnam (CAAV) said CAAV has not received any information from Honda about bringing HondaJet to Vietnam.

To put a new airplane model into exploitation, manufacturers will have to work with local aeronautical authorities and fulfill procedures to obtain a license. 

Besides, every aircraft has to satisfy a series of requirements to obtain two other kinds of certificates, including ownership registration and certificate on meeting requirements to fly. 

The manufacturers also have to prove they can satisfy requirements on radio communication systems.

“This is important for small private airplanes, because the planes have low flying range. They make noise and affect residential quarters if they fly at night,” an official from CAAV explained.

For the last 10 years, Vietnam has been the target of many private plane manufacturers and lessors, from luxury planes such as Bombardier Inc (Canada) to helicopters such as Azur Helicopter (France).

Analysts commented that Vietnam is a market with the number of super-rich people expected to increase by 170 percent in the next 10 years, to 540. The super-rich are defined as ones with total assets of over $30 million. 

The analysts said it would not be a problem for Vietnamese businesspeople to spend several million dollars to buy airlines. Doan Nguyen Duc, a well-known businessman, once owner two private airplanes. However, the maintenance costs and the licensing fee are big challenges.

Jet owners will have to obtain licenses for every flight, while the owners of helicopters with low flying range will have to obtain approval from the Ministry of National Defence.

Some years ago, Jussi Hoikka, Commercial Manager of Vinacopter, a distribution firm,  commented that though the Vietnamese average income per capita remains at “low average” level, the demand for private aircraft in Vietnam would soar in the time to come.

One of the Vietnamese businessmen who first ordered a private helicopter in Vietnam is Chair of the Hoa Phat Group, Tran Dinh Long. 

Long placed the order about the private helicopter with Eurocopter, of which Vinacopter is a subsidiary, in Singapore in 2008.


RELATED NEWS

What’s behind Doan Nguyen Duc’s trillions-of-dong loss?

HAGL, chairman to buy 15 million company shares

Mai Chi

MORE NEWS

Ho Chi Minh City to set up large economic zone in 4 districts

HCM City plans to establish an economic zone of ​​up to 26,000 hectares in ​​four districts in the 2025 - 2030 period.

Colorful crabs raised as pets by animal lover

Dogs as pets, sure. Cats, absolutely. Birds and rabbits, of course. But crabs? Really? It turns out that one man in Hanoi is so crazy for crabs he has dozens upon dozens of them as pets.

Vietnamese GDP set to rank third in ASEAN by 2027

Vietnam’s gross domestic product (GDP) in ASEAN is expected to expand considerably over the next five years, with its rankings rising from sixth this year to third by 2027, according to the latest forecast made by the IMF.

Attractive sites in HCM City vandalised with graffiti

Multiple sites in HCM City, including bus stops, metro trains and the newly opened Thu Thiem 2 Bridge, have been vandalised with graffiti.

FDI poured into real estate sector doubles

Real estate sector attracted 3.5 billion USD in foreign direct investment (FDI) the first nine months of this year, accounting for mearly 19% of total FDI that the country lured in the period, coming second among sectors in terms of FDI attraction.

Gia Lai province has new Chairman

The Government has confirmed Mr. Truong Hai Long as new Chairman of the Gia Lai provincial People's Committee.

Investors dump shares in panic, VN-Index drops nearly 46 points

The VN-Index officially lost the 1,110-point mark, retreating to the bottom made in February 2021 in the first trading session of October on October 3.

First Vietnam monkeypox case returns from Dubai

The Ministry of Health confirmed on October 3 that a woman returning from Dubai has infected with the monkeypox virus, the first case recorded in Vietnam so far.

Coca-Cola injects US$136 million into Long An plant

Coca-Cola Beverages Vietnam Co., Ltd is poised to start development on a beverage factory with total investment capital exceeding US$136 million in Phu An Thanh Industrial Park of Ben Luc district in the southern province of Long An.

List of 48 websites showing signs of law violation announced

The Ministry of Information and Communications (MIC)’ Authority of Broadcasting and Electronic Information has announced a list of 48 websites showing signs of law violations as of the end of the third quarter.

Secretary of Hai Duong Provincial Party Committee expelled from Party

The Party Central Committee decided to expel Secretary of the Hai Duong Provincial Party Committee and Chairman of the provincial People’s Council Pham Xuan Thang from the Party during the first working day of its sixth plenum in Hanoi on October 3.

VIETNAM NEWS HEADLINES OCTOBER 3

Hanoi seeks UNESCO's recognition for Mo Muong

Seven must-visit destinations in Vietnam for coffee connoisseur

From the 19th century until now, coffee has taken a journey to become an irreplaceable part of Vietnamese culture and life.

Petrol prices fall to over a year record low of VND21,000/litre

Petrol prices tumbled to the lowest level in more than a year in the latest adjustments made on October 3 by the Ministries of Industry and Trade and the Ministry of Finance.

Foreign ODA and concessional loans reach 15.5% of target

Disbursement of foreign official development assistance (ODA) and concessional loans has been slow, achieving only 15.48% of the target, the Ministry of Finance reported.
back_to_top