Vietnam’s Ministry of Transport granted a business license to Sun Air Co on Wednesday. Ltd. to operate as a service provider for general aviation.
The new airline is expected to officially launch its private jet service later this month, the Tuoi Tre newspaper reported.
Sun Air was founded with a capital of 100 billion VND (4.37 million dollars), a subsidiary of the domestic real estate giant Sun Group.
Sun Air’s headquarters is located at 13 Hai Ba Trung Street in Hoan Kiem District, Hanoi.
The new airline will be based at Van Don International Airport in northern Quang Ninh Province and will provide general aviation services, including private and charter aircraft management, sightseeing flights, and helicopter and seaplane tours on both domestic and international routes.
According to the statement, the company’s target customers will be high-net-worth passengers who need flights for project investigations, medical treatment, sightseeing, tourism and visits to luxury resorts.
Sun Air’s target markets are Vietnam, Thailand, Singapore, Hong Kong, Taiwan, mainland China, South Korea and Japan.
Beginning in the third quarter of this year, Sun Air will begin operating two Gulfstream G650ER long-haul business jets.
From 2023 to 2025, Sun Air will add four Gulfstream G650ER aircraft, one Gulfstream G700 jet, one helicopter and two seaplanes to its fleet.
The airline also plans to use more super-large and ultra-long-haul aircraft in the future, such as Boeing BBJ and Airbus ACJ aircraft.
Sun Air will compete alongside the other six players in the Vietnamese aviation market: Vietnam Airlines, Vietjet, Pacific Airlines, Vietnam Air Services Company (VASCO), Bamboo Airways and Vietravel Airlines.
In addition to Sun Air, four other companies have been awarded general aviation business licenses, including Vietstar Airlines Multirole Corporation, Green Planet Airways JSC, Vietnam Helicopter Corporation and Hai Au Aviation JSC. Tuoi Tre newspaper