The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will pick up a 49 percent stake in VASCO after committing to inject VND147 billion into the restructured carrier.
Vietnam’s national airline and a local bank have decided to establish a new carrier based on a current aviation firm.
Vietravel Company has been granted a one-year monopoly on handling air routes connecting Can Tho City to Da Lat and Nha Trang City.
Deputy Prime Minister Hoang Trung Hai requested Vietnam's aviation industry to create breakthroughs in building and upgrading airports in a bid to name it in the top four in ASEAN.
(VOV) - On 1 December, the US Federal Aviation Administration in collaboration with the US Embassy in Vietnam officially presented the Certificate of FAA Certified Repair Station (FAR Part 145) to Aerospace Engineering Services Joint Stock Company (AESC).
(VOV) - The first flight from the Mekong Delta city of Can Tho and the Central Highlands city of Da Lat, Lam Dong province was conducted on May 7, helping to reduce the travel time between the two localities from 12 hours to one hour.
(VOV) - Deputy Prime Minister Hoang Trung Hai has authorised the Ministry of Transport (MoT) to grant a business licence to the Globaltrans Air JSC in order to operate as a general aviation service provider.