No new airline approvals in Vietnam until 2022
The transportation ministry of Vietnam has proposed to focus on the recovery of the existing air carriers operating both domestically and internationally and as a result have chosen not to approve any new airlines until 2022.
The decision comes as a measure to provide local airlines with some breathing room after the recovery of the aviation market in Vietnam following COVID-19 induced downturn. On July 13, CEO of Vietnam Airlines told that the company has already lost US$2.2 billion in revenue this year and will definitely need liquidity support to keep operations afloat.
In recent years Vietnam has become a popular market for airlines to begin their operations. The newest airline based in Vietnam is Bamboo Airways which commenced flights in January 2019.
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