The airline of the Vietnamese ‘king of branded goods’ is about to complete the procedure

According to the Ministry of Transport, IPP Air Cargo Company fully guarantees the conditions for the establishment of a new airline specializing in the transportation of goods. Currently, Vietnam only has an airline specializing in passenger transport, leaving the freight market open for foreign operators to exploit, so the development of a cargo airline is very necessary, especially to seize opportunities from the post-COVID-19 recovery period.

According to the investor’s profile, IPP Air Cargo Joint Stock Company has a minimum capital of 300 billion VND, of which, Lien Pacific Import and Export Company Limited (IPPG) contributes 210 billion VND (accounting for 70% of the capital). and Duy Anh Trading Company Limited, Ms. Le Hong Thuy Tien, Mr. Nguyen William Hieu (wife and son of Mr. Johnathan Hanh Nguyen) each contribute 10% of the charter capital.

In the first year of operation, the airline plans to operate 5 aircraft, in the next 5 years increase to 10, with aircraft such as B737, B777 or equivalent.

According to the Ministry of Transport, the number of aircraft IPP Air Cargo is expected to operate is from 8 to 10, in line with the overall development goals and the general strategy of developing transportation services by 2020, with a vision to year 2030.

From the above bases, the Ministry of Transport said that it is appropriate to consider and approve a license for Vietnamese enterprises to establish a new airline carrying goods this year. air freight business license for IPP Air Cargo.

IPP Air Cargo Joint Stock Company is approaching the final steps of procedures to be able to be licensed and take off to transport goods. Illustrated photo.

According to regulations, if approved and granted a license to transport goods by air, IPP Air Cargo Company needs to add an aircraft operator certificate (AOC – Aircraft Operator Certificate) and some related procedures. just taken off.

Mr. Jonathan Hanh Nguyen’s Import-Export Company Limited (IPPG) is known as a unit specializing in importing, distributing and retailing world famous branded items (branded goods). In the aviation industry, IPPG not only deals in duty-free goods at major international airports, but also contributes capital to invest in the international passenger terminal at Cam Ranh airport (Khanh Hoa). Recently, the IPPG has written proposals to functional levels to allow this unit to participate in the construction and operation of cargo terminals at the Long Thanh Airport Project (Dong Nai); Proposing to invest in expanding Phu Quoc airport (Kien Giang)…

Le Huu Viet