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New entrants smother Vietnam’s aviation market

New entrants smother Vietnam’s aviation market

The saturated aviation market has brought about the race to the bottom price war, driving the profitability of the core business of some domestic carriers down to nearly zero.

AirAsia to launch low-cost airline in Vietnam

AirAsia to launch low-cost airline in Vietnam

Malaysian low-cost carrier AirAsia and Vietnam’s Thien Minh Group on Thursday signed a memorandum of understanding (MoU) to launch a new low-cost airline in Vietnam.

At least three more local airline carriers lining up to fly

At least three more local airline carriers lining up to fly

Bamboo Airways and the air carrier run by the joint venture between Thien Minh Group & AirAsia both announced they would take off in 2018. However, the latter has vanished, while the former has delayed its first flights to the year end.

The corporations behind new private airline ventures

The corporations behind new private airline ventures

Private Vietnamese air carriers are the leading corporations in the field of tourism and resort real estate. Sovico Holdings has Vietjet, Thien Minh Group has Hai Au, and FLC is moving ahead with Bamboo Airways project.

Thien Minh Group acquires Victoria Hotels

Thien Minh Group, a leading tourism and hospitality investment company whose core business is in Vietnam and Southeast Asia, has acquired five properties of Victoria Hotels and Resorts from the owner EEM Victoria Hong Kong.