According to the Ministry of Planning and Investment, the project has met the required legal procedures. The airline establishment has also received the approval from different ministries, including the Ministry of Transport, the Ministry of Finance, the Ministry of National Defense. 

FLC Group Chairman Trinh Van Quyet and Chief Commercial Officer of Airbus Group Eric Schulz at the signing ceremony to purchase  24 A321 NEO of Airbus

The airline is set to be headquartered at Phu Cat Airport in the south-central coastal province of Binh Dinh. The project, which has the investment of VND700 billion (USD30.21 million), will have the lifespan of 50 years.

FLC Group recently inked two contracts to purchase 20 Boeing 787-9 Dreamliners for Bamboo Airways and 24 A321 NEO of Airbus for USD8.6 billion.

Bamboo Airways CEO Dang Tat Thang said that the airline was expected to launch its first flight on October 1, 2018.

The carrier has announced that the recruitment of nearly 600 staff.

Bamboo Airways would be a hybrid carrier. The ticket prices will be higher than Vietjet Air's prices but passengers would be provided with what they described as ‘five-star’ services.