Loading

AirAsia Vietnam

Low Cost Carrier
Startup
IATA: n/a
ICAO: n/a
Main hub:
Country: Vietnam

About

AirAsia Vietnam is a proposed Vietnamese JV between AirAsia Group and potential investors. AirAsia has been interested in the Vietnamese market for several years and initially had a stake in VietJet. According to the group, Vietnam provides an opportunity for AirAsia to potentially operate domestic and international underserved routes, primarily providing connectivity domestically into key cities in Vietnam, as well as, internationally to ASEAN, China, Korea and Japan from three major hubs namely Ho Chi Minh, Hanoi and Da Nang. On 31-Mar-2017, AirAsia Group announced that, through its wholly-owned subsidiary AirAsia Investment Limited, it executed a shareholder agreement and a share subscription agreement with Gumin Company Limited, Mr. Tran Trong Kien and Hai Au Aviation to establish a new low-cost JV in Vietnam. Under the agreement, AirAsia will own a 30% stake, Gumin Company will become a majority shareholder with 69.9% and Mr Kien becoming a minority shareholder. The group has not allocated any aircraft from its order book to the proposed Vietnamese airline. Nevertheless, the group is aiming to launch the JV by Oct-2018, with an initial capital of VND1 trillion (USD44 million).

CAPA Profiles

CAPA Profiles help you identify new business opportunities and make better business decisions, by providing accurate and up-to-date data on airports, airlines, suppliers, investors, MROs, lessors and countries around the world. Each profile offers comprehensive news and analysis, as well as the ability to drill down into data on schedules, capacity share, fleet, traffic, financial results and more.

Become a CAPA Member

Our full profiles are only available to CAPA Members. CAPA Membership provides exclusive access to the information you need to monitor the competitive landscape and guide your organisation towards success.

It’s ideal for industry analysts, managers and executives who need a snapshot of the latest news, analysis and data from our global team, with the ability to export or email PDF reports in one click.

  • 5000+ airports
  • 3000+ airlines
  • 1600+ suppliers
  • 800+ airport investors
  • 250+ countries and regions
  • And more

CAPA Membership also gives you access to a customised selection of more than 400 global News Briefs every weekday, as well as a comprehensive Data Centre, Analysis Reports and Research Publications. You can also choose from our range of premium add-ons, including MRO Matrix, Route Maps, Fleet Data and more.