02:01 (GMT +7) - Sunday 18/11/2018

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Government allows Bamboo Airways to take to the skies

Released at: 16:45, 13/07/2018

Government allows Bamboo Airways to take to the skies

Photo: FLC Group

Formal approval comes from Deputy PM.

by Ngoc Lan

Deputy Prime Minister Trinh Dinh Dung has officially permitted the establishment of Bamboo Airways, in accordance with a request from the Ministry of Planning and Investment (MPI) and the consensus of other relevant ministries.

According to MPI, Bamboo Airways’ has submitted documents that meet legal procedures. The Ministries of Transport, Finance, National Defense, Public Security, Construction, and Natural Resources and Environment have also submitted legal documents and agreed with the Bamboo Airways project proceeding.

The FLC Group and Bamboo Airways signed an agreement to purchase 24 A321neo aircraft in March from Airbus, in the presence of Party General Secretary Nguyen Phu Trong, and will also purchase 20 Boeing B787-9 Dreamliner aircraft from Boeing, in a deal witnessed by Deputy Prime Minister Vuong Dinh Hue in June, to prepare for take-off at the end of this year.

Mr. Dang Tat Thang, General Director of Bamboo Airways, said it is positioned as a “hybrid” airline, combining traditional and low-cost aviation to offer a service that addresses a wide range of needs in all customer segments.

Established in 2017, Bamboo Airways is a member of the FLC Group, has charter capital of VND700 billion ($31.1 million), and is a pioneer in the hybrid model. Passengers will be offered the same facilities as traditional airlines at only a slightly higher cost than on budget carriers.

In its first year of operations, Bamboo Airways is expected to operate eight to ten routes to priority domestic destinations such as Quang Ninh, Hai Phong, Thanh Hoa, Quy Nhon, and Nha Trang.

In subsequent years it will add international routes to Japan, South Korea, China, Thailand, Hong Kong and Taiwan and by 2023 will open long-haul routes to the US, Europe and Africa.

It will jointly host the Bamboo Airways Golf Tournament 2018 in August with FLC Biscom, the first tournament within the framework of a program celebrating its launch.

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