HANOI, Jan 8 (Reuters) - Vietnam's Thien Minh Group is searching for to launch an airline this 12 m
HANOI, Jan 8 (Reuters) – Vietnam’s Thien Minh Group is searching for to launch an airline this 12 months, state media reported on Wednesday, making the personal agency the newest entrant in one of many world’s fast-growing aviation markets.
Thien Minh has utilized for a licence to launch KiteAir through the second quarter this 12 months, preserving an preliminary funding of 5.5 trillion dong ($237 million), based on Giao Thong newspaper, which is run by the Ministry of Transport.
As soon as licensed, KiteAir will use six ATR72 planes within the first 12 months, the report stated.
The Vietnamese agency plans to increase its fleet to 25 planes after six years of operations and in addition incorporate Airbus’ A320/A321 plane, the report stated, including that it could function home routes.
The aviation market of Vietnam, which has a inhabitants of 96 million individuals, has been rising at double-digit charges, encouraging corporations to compete for a slice.
Vietnam’s main tour…