MoT seeks PM’s approval on issuing licence for first cargo airline
The Ministry of Transport (MoT) has asked the Prime Minister to allow the ministry to grant a licence in aviation cargo transportation for IPP Air Cargo Joint Stock Company – the first cargo airline in Vietnam.
Hanoi (VNA) – The Ministryof Transport (MoT) has asked the Prime Minister to allow the minis๊try to grant a licence𓂃 in aviation cargo transportation for IPP Air Cargo Joint Stock Company – the firstcargo airline in Vietnam.
In late February, theministry received an appraisal report on the application for an air transportbusiness license for IPP Air Cargo from the Civil Aviation Authority of Vietnam(CAAV).
IPP Air Cargo,with a charter capital of 300 billion VND(13.1 million USD), applied for a licence in air cargo transportation business. It will operate with five aircraft in the first year using Boeing 737, Boeing 777, AirbusA330 planes and similar aircraft. The number of airplanes will double in the fifth year.
The airline will provide connections between production centres such as Can Tho, Da Nang, Khanh Hoa, CentralHighlands provinces of Lam Dong and Pleiku, Hai Phong, Quang Ninh and transshipmentcentres in Ha Noi and Ho Chi Minh City, before connecting with those in Northeast Asia,Southeast Asia, South Asia regions as well as European Union.
According to MoT, Vietnam’sair cargo transport is currently handled by its five existing airlines butthere has been no carrier specialised in cargo.
The establishment of aspecialised airline like IPP Air Cargo is in line with the overa🧸lldevelopment goal and the general strategy of transportation servicesdevelopment by 2020, with a vision to 2030, the ministry said, adding the airline meetsall requirements, including 100 percent ownership by Vietnameseentities./.
The Civil Aviation Authority of Vietnam (CAAV) recently reported to the Ministry of Transport (MoT) on a project to establish the first cargo airline in Vietnam.
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Noi Bai International Airport. (Photo: VNA) 
