Bamboo Airways gets license, to start flying before year end
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Vietnam’s newest airline, Bamboo Airways, has received its long-awaited aviation license and plans to launch its first flight within the next 45 days. The carrier, the country’s fifth, is allowed to operate 10 aircraft on both domestic and international routes and to carry passengers and cargo on its flights.
It plans to fly on 100 routes, connecting Vietnam’s major cities with popular domestic and international tourist destinations.
But initially it is likely to only operate on certain sectors like Hanoi-Quy Nhon and Ho Chi Minh City-Quy Nhon. Quy Nhon is a city on the central coast.
According to Bamboo Airways general director Dang Tat Thang, most of the preparatory works have been completed for the maiden flight to take off before the end of the year.
It needs to obtain an aircraft operator certificate and obtain permission for parking and selling tickets, which are expected to take 30-45 days from the date of license issuance.
Bamboo Airways was founded by Vietnamese private firm FLC in mid-2017 with a charter capital of VND700 billion ($30 million), which it increased to VND1.3 trillion ($55.68 million) recently.
The airline has signed deals to buy 24 Airbus A320neo and 20 Boeing B787-9 Dreamliner aircraft worth a total of about $8.6 billion.
Questions & Answers
Q.What is the initial focus of Bamboo Airways regarding its routes?
What is the initial focus of Bamboo Airways regarding its routes?
Initially, the airline is expected to operate on specific routes such as Hanoi-Quy Nhon and Ho Chi Minh City-Quy Nhon. Quy Nhon is described as a city located on the central coast of Vietnam.
Q.What further steps does Bamboo Airways need to complete before its first flight?
What further steps does Bamboo Airways need to complete before its first flight?
The airline still needs to secure an aircraft operator certificate and obtain permission for aircraft parking and ticket sales. These steps are anticipated to take between 30 and 45 days from the license issue date.
Q.How much capital did Bamboo Airways start with and what is it now?
How much capital did Bamboo Airways start with and what is it now?
Bamboo Airways was founded with a charter capital of VND700 billion ($30 million) by FLC in mid-2017. This capital was recently increased to VND1.3 trillion ($55.68 million).
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