It said the airline meets all requirements, including 100 percent funded ownership by Vietnamese entities.

IPP Air Cargo has a charter capital of VND300 billion ($13.13 million), with Imex Pan Pacific Group holding a 70-percent stake and the family of Johnathan Hanh Nguyen, the company chairman, the rest.

Johnathan Hanh Nguyen, chairman of both IPPG and IPP Air Cargo.

Nguyen had mooted the establishment of the airline last year, but the CAAV said it was not considering applications amid the Covid-19 outbreak.

With Vietnam now resuming international flights, IPP Air Cargo is set to become its first full-fledged cargo airline.

After the air transport license, the company has to get other permits to fly, including the aircraft operator certificate.

IPP Air Cargo plans to start with five freighters (Boeing 737 or 777 or equivalent) and double the number in the fifth year.

It targets revenues of $71 million in the first year of operation.

36 flights carry over 2,000 Vietnamese citizens back home

From January 31 to February 7, foreign airlines conducted 36 regular and irregular flights transporting 2,055 Vietnamese passengers from Taiwan (China), Cambodia, Singapore, Thailand, Japan and the Middle East and Turkey back home.

Domestic flights increased, Covid testing requirement scrapped as Tet nears

With travel demand picking up ahead of the Lunar New Year, airlines have increased flights to major cities and tourist hubs and ended Covid-19 testing requirements for flyers.

Vietnam Airlines resumes regular int'l flights to 8 countries, territories

The national flag carrier has resumed regular flights to eight countries and territories after a long hiatus due to Covid-19.

Vietnam Airlines to resume in-flight catering services

Hãng hàng không quốc gia Vietnam Airlines sẽ tiếp tục các bữa ăn trên chuyến bay bắt đầu từ ngày 15 tháng Giêng sau một thời gian dài ngừng hoạt động do lo ngại về Covid-19, hãng cho biết vào ngày 13 tháng Giêng.

Over 1,700 passengers enter Vietnam on first three days of international flight resumption

As many as 1,753 passengers from abroad came to Vietnam on 17 flights between January 1 and 3, the first three days after the resumption of regular international flights.

Source: VnExpress