Vietnam’s Vietstar Airlines receives AOC

posted on 24th July 2019 by Justin Burns
Vietnam’s Vietstar Airlines receives AOC

The Civil Aviation Authority of Vietnam (CAAV) has been granted an air operator’s certificate (AOC) for start-up carrier Vietstar Airlines.

The new airline was set up in 2011 by state-owned companies and the Vietnamese air force, with a registered capital of VND400 billion ($17.6 million) but it has been providing ground handling services, aircraft maintenance and pilot training.

The Ho Chi Minh-based company first applied for an AOC with CAAV in 2015 but was asked to raise its capital to VND800 billion.

The carrier will operate a mixed fleet of Embraer Legacy 600 and Beechcraft King Air B300 aircraft and is also looking to lease five Boeing 737-800s and then grow its fleet to 15 aircraft by 2020.

Vietstar Airlines has set a domestic target of 500,000 passengers and 32,000 tonnes of cargo within its first year of operations.