The license has been renewed following a report of the Civil Aviation Authority of Vietnam (CAAV) to the ministry on the verification of Globaltrans Air’s documents, saying the company met all the necessary requirements to operate as a general aviation service provider.
Vietnam has four general aviation service providers
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The company was established in July 2014 in Ho Chi Minh City with charter capital of VND100 billion (US$4.4 million). At that time, the airline said that it signed a contract to buy two Beach Craft King Air B200 and set up highly-trained aircraft operation and maintenance teams to guarantee security and safety.
According to CAAV, Globaltrans Air has now become the fourth business to operate in the general aviation industry within Vietnam. Others include the Vietnam Helicopter Corporation, the Vietnam Air Service Company (VASCO) and Hai Au Aviation JSC.
In a move to meet the target of being among the top four leading nations in air traffic in ASEAN, the government early this year signed a decision to approve the revision of the national aviation transport development plan till 2020 with a vision to 2030.
Under the decision, Vietnam will put 23 airports into operation by 2020, of which Noi Bai, Danang, Tan Son Nhat and Cam Ranh will act as international gateways.
According to the new plan, the country will upgrade three aviation transport centers of Noi Bai, Tan Son Nhat and Danang to make it meet ASEAN standards while set up three more logistics chains of Van Don, Chu Lai and Long Thanh.
The aviation industry will exploit 23 airports with an annual traffic of 144 million passengers by 2020 and 28 airports with an annual traffic of 308 million passengers by 2030.
Under the plan, the number of aircraft will grow by more than 220 units by 2020 and 400 units by 2030, increasing by 70-100 units compared to the previous plan.
There are currently four licensed airlines -- Vietnam Airlines, Jetstar Pacific Airlines, Vietjet and Vietnam Air Services Company. To open opportunities for new investors to enter the aviation market, there’s a need to increase the capacity of airports and expand the scale of aircraft fleet in the next three years.
According to Decree 118/2015/NĐ-CP issued by the Government in 2015 on detailed regulations and guiding the implementation of a number of articles on the Law on Investment, one of the requirements to receive investment certification is that the project must be suitable with the aviation industry’s development plan.
The ministry predicts that the transport of passengers via domestic airlines will increase at an average rate of 16 percent annually from now until 2020 and by 8 percent during 2020-2030. Meanwhile, the transport of goods is expected to grow at an annual rate of 18 percent from now until 2020 and at 12 percent annually during 2020-2030.
The domestic airlines are expected to reach a volume of 64 million passengers every year by 2020 and 131 million annually by 2030.
This growth rate is 2-4 percent higher than the current plan and is also higher than the average growth of the global aviation industry.
