general

The Vietnam government has proposed raising foreign ownership limits in a domestic airline from 30% to 49%, while still ensuring that a Vietnamese individual or legal entity remains the major shareholder. The government also plans to double minimum capital requirements for establishing an airline operating up to 10 aircraft from VND300b ($13m) to VND700b. For an airline startup with 11-to-30 aircraft, the capital requirement would increase from VND600b to VND1t. For fleets with more than 30 aircraft, the value would rise from VND700b to VND1.3t. This law would now apply to both local and foreign startups. In addition, starting and maintaining an airport enterprise would require a minimum capital of VND200m, for both domestic and international airports, compared to the previous VND100m for domestic. This move is likely to encourage the growth and quality of international airports in the country to ease pressure on major hubs. <br/>

Changi Airport handled 5.57m passenger movements in June 2018, a 6.9% year-on-year increase, Changi Airport Group said Tuesday. In terms of landings and takeoffs, there were 31,870 aircraft movements in June, 3.1% higher than the same period last year. Traffic between Singapore and Europe grew 19% in June; and among Changi's top 10 markets, Indonesia and Japan were the fastest growing, boosted by travel to Denpasar and Tokyo. Other routes to cities like London, Melbourne, Mumbai and Shanghai also registered a double digit growth, said CAG. Amid these figures, LOT Polish Airlines introduced one more Singapore-Warsaw connection, bringing the total number of weekly services to four. This comes after the new Singapore-Warsaw connection was introduced in May. Additionally, for H1, Changi Airport recorded 32.1m passenger movements, 5.5% higher than the same period last year.<br/>