Founded on 22-Apr-2019, Vinpearl Air is the airline subsidiary of Vingroup, a Vietnamese real estate company. The new airline has a startup capital of VND1.3 trillion (USD56 million), with Vingroup subsidiary VinAsia Tourism Development owning a 45% stake in the carrier, with the remaining shares held by Hoang Quoc Thuy (30%) and Pham Khac Phuong (25%). To coincide with the launch of Vinpearl, Vingroup also plans to establish aviation training centres under a partnership agreement with CAE. A commencement date of Jul-2020 has been advised.
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