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...
To read the full article, please log in or enter your email below:
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.
General Atomics Aeronautical Systems, Inc. (GA-ASI) has announced its decision to invest in two Dutch companies—Emergent Swarm Solutions and Saluqi…
Dynamatic Technologies and Deutsche Aircraft have inaugurated the rear fuselage assembly line for the D328eco turboprop aircraft at Dynamatic's aerospace…
FN has introduced a new brand identity as part of its ongoing development in the defence and security sector. This…
Huawei introduced five innovative aviation solutions at Madrid's Passenger Terminal Expo 2025, designed to drive intelligent upgrades within the industry,…
Azorra has delivered the first of two new Embraer E195-E2 aircraft to Hunnu Air, marking both the start of a…
French surveillance and security solutions provider ATERMES is returning to IQDEX 2025, held from 19 to 22 April at the…
LMS has secured a contract from PT Dirgantara Indonesia (PTDI) to supply a Fuel Quantity Measurement System (FQMS) for the…
The Chief of Staff of the Armed Forces of the Philippines (AFP) Gen. Romeo Brawner Jr. has confirmed that the…
Cargo airline Amerijet International Airlines has selected Trax's eMRO and eMobility suite to enhance its maintenance operations and support its…
Gulfstream Aerospace Corp., a wholly owned subsidiary of General Dynamics, today announced that its new Gulfstream G800, the world’s longest-range…
Fincantieri and thyssenkrupp Marine Systems (TKMS) have signed an Industrial Cooperation Agreement, reinforcing a broader strategic partnership aimed at supporting…
Boeing has pledged to involve Indonesian industry in the production and support of the F-15EX fighter jet should the country…
ELT Group has introduced KARMA (Kinetic Anti-drone Mobile Asset), a new AI-driven counter-unmanned aerial system (C-UAS) available in both mobile…
The Israeli defence industries are planning some ''adaptations'' to be ready for the new "Rearm Europe" policy. According to the…
Hanwha Aerospace has signed a term sheet agreement with Poland's largest private defence company, WB Group, to establish a joint…
The U.S. State Department has approved a potential Foreign Military Sale (FMS) to the Government of the Philippines, valued at…
Baltic countries are negotiating the purchase of more Israeli made defence systems with focus on missiles for fast patrol boats.…
Embraer's E190-E2 and E195-E2 have been awarded type acceptance certificates by the Mongolia Civil Aviation Authority (MCAA). The milestone paves…
Despite operations against them, Iranian straw companies are still helping the country's UAV industry flourish, say Israeli defence sources. According…
An electric aircraft that can carry eight passengers and has a range of more than 400 kilometers (250 miles) -…
Israeli defence companies are planning some ''adaptations'' to be ready for the "Rearm Europe" policy, which is now referred to…
HETEK Lift- und Hebetechnik GmbH, a German company specialising in lifting systems and levelling supports, will present its Type 260…
Lockheed Martin and the Bulgarian Ministry of Defence marked the arrival of the first F-16 Block 70 fighter jet in…
Lockheed Martin Skunk Works, the advanced aerospace development division of the global technology company, has collaborated with Arquimea to demonstrate…
Korean Air has announced a revenue of KRW 3.9559 trillion (USD 2.6975 billion) for the first quarter of 2025, reflecting…
Singapore Airlines (SIA) has announced a major upgrade to the airline's SilverKris and KrisFlyer Gold lounges at Singapore Changi Airport…
TransNusa has officially commenced scheduled flights between Bali and Guangzhou, becoming the first Indonesian airline to operate this route. The…
EDGE is showcasing its latest innovations, including autonomous systems, secure communications, electronic warfare, and AI-powered platforms. at GITEX Africa 2025.…
A coalition of industry leaders, policymakers, and researchers has signed the Bodø e-SAF Declaration, calling for immediate and coordinated European…
Air Astana has received several international awards for its in-flight services during the 2025 Aircraft Interiors Expo, held in Hamburg…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2025 GBP all rights reserved.