Transport Ministry urged to be cautious about licensing airlinesVietNamNet Bridge - The government has rejected proposals to license private air carriers, saying that investors must meet all requirements stipulated in the current laws. The government has rejected proposals to license private air carriers, saying that investors must meet all requirements stipulated in the current laws. In the case of Bamboo Airways, which plans to provide domestic and international routes with 10 aircraft, it will have to have the minimum capital of VND700 billion. The amount of money must be transferred into its bank account and the capital transfer must be certified by credit institutions or the Ministry of Finance. In related news, FLC Group, the owner of Viet Bamboo Airlines Company Limited (Bamboo Airways), stated it plans to buy 15 planes ahead of its start of operations in 2018.

Source: VietNamNet News August 04, 2017 05:26 UTC