Vietnam’s Vietravel Airlines plans to launch a cargo airline VUAir Cargo in cooperation with logistics service Asean Cargo Gateway (ACG).
With stakes of 51 percent and 49 percent respectively, Vietravel Airlines and ACG anticipate the first year of operations will see the airline focus on transporting goods between Vietnam and large factories in Asian countries including China, Malaysia, Indonesia, and Thailand.
“The aviation cargo market still has a lot of potential and has not been fully exploited,” said Vu Duc Bien, President & CEO of Vietravel Airlines. “The supply chain is broken while the commodity market in Vietnam, China, countries in Southeast Asia, Northeast Asia, Europe and the Americas is considered to be the fastest growing region with the highest annual GDP in the world and the highest proportion of the working-age population in the world. Hence, production bases will gradually move to this area next to the world’s largest factory – China.
“Through the assessment, Vietnam is considered a bright and potential candidate in the production shift. This will be an opportunity for the logistics industry in general and air freight, in particular, to take off in the near future. For that reason, this is the right time to build and promote the first Air Cargo segment in Vietnam, combining ACG’s experience in logistics and Vietravel Airlines’ air transportation”.
The airline will focus on transporting goods between Vietnam and large factories in Asian countries such as China, Malaysia, Indonesia, and Thailand on a fleet of dedicated aircraft B737-800F for cargo with the number volume of 02 – 04 units in the first year. The number is expected to double next year.
An ACG representative said: “With the goal of meeting and promoting the domestic and international logistics industry, especially with great potential markets, it means bringing firms in Vietnam closer to global market. Besides, the signing of cooperation agreement with Vietravel Airlines is a memorable milestone, bringing the dream of becoming Cargo Airlines in Vietnam soon come true.”
This is an effort by Vietravel Airlines and ACG to carry out the mission of improving air transport logistics, becoming the first Cargo Airlines in Vietnam and a bridge for Vietnam exports to reach the global market, the official added. The cooperation is expected to contribute to improving the competitiveness of international connectivity for exports, especially agricultural products.
Vietravel Airlines is invested by the largest travel group in Vietnam and Asia – Vietravel Corporation. The airline officially operated the first commercial flight Ho Chi Minh – Hanoi on January 25, 2021.
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