All you need to know about this new Asian airline

WATCH OUT, Asian skies. A new airline this way comes.

According to an International Air Transport Association (IATA) forecast, Vietnam is set to be one of the world’s top five fastest-growing air travel markets in the next 20 years, Bloomberg reported.

The route between Vietnam’s capital city Hanoi and Ho Chi Minh City was the world’s sixth-busiest in terms of passenger numbers last year.

“With a good investment, well-prepared staff and new aircraft, we will become a giant right after we launch the airline,” FLC GROUP chairman Trinh Van Quyet said.

Source: Bamboo Airways.

Although Bamboo Airways still needs a government aviation license before operating, it looks like its October maiden flight is on schedule.

The Civil Aviation Authority of Vietnam said the company has met “sufficient conditions” required to be able to fly in October and the flight license is forthcoming, Trinh confirmed.

Currently, Vietnam’s aviation market includes Vietnam Airlines, Jetstar Pacific, Air Mekong, VASCO, Indochina Airlines, VietJetStar, and Viet Star Airlines.

Source: Bamboo Airways.

“Anybody coming into the market now is late,” CAPA Centre for Aviation Singapore-based analyst Brendan Sobie said. “You have a domestic market becoming saturated. The international market will probably slow down in a couple of years.”

Bamboo Airways will also come up against heavyweights such as AirAsia and Thai Airways.

Hence, how FLC Group’s startup airline is planning to crack the congested Vietnamese airspace remains to be seen.

Here’s all you need to know about the airline before it makes its debut later this year:

Passenger numbers jumped to 62 million last year from just 25 million in 2012, according to the Civil Aviation Administration of Vietnam.

Hanoi’s General Statistics Office said the aviation industry handled 23.6 million passengers during the first half of the year, a 15 percent increase from the same period last year.

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Source: travelwireasia.com