The Vietnam Civil Aviation Administration has granted a license to Vietstar Airlines, the country’s seventh carrier.
Vietstar Airlines is a VND400 billion (USD19.51 million) joint venture between the Aircraft Repairing Company A41 under the Ministry of Defence, Vietstar Airways and the Tin Thanh Express Company.
The carrier will offer chartered flights on both domestic and international routes, airport ground handling, aircraft maintenance, air rescue, overhaul, and flight training services.
Vietstar Airlines representative Nguyen Thanh Binh said that the airline would open aircraft maintenance hangers during November, and plans to start its chartered flight services by the end of this year.
Vietnam has so far issued licenses to Vietnam Airlines, Jetstar Pacific, Vasco, Vietjet, Air Mekong, Indochina Airlines and Vietstar Airlines.
However, Indochina Airlines has had its operations suspended due to failing to meet the Vietnam Civil Aviation Administration’s financial requirements. It now still owes VND30 billion (USD14.5 million) to a number of local partners.