Vietnam suspends new airline approvals until 2022
Vietnam’s government will delay approving the establishment of any new airlines in the country until 2022 to give the country’s aviation industry some breathing room to recover from the Covid-19 pandemic. The transport ministry has proposed to focus on the recovery of the local aviation sector in the short term and says the establishment of new airlines will be considered “after the recovery of the aviation market”, which it expects to happen in 2022, according to a post on VGP News, the government’s online news portal. On 13 July, the CE of Vietnam Airlines said the company would need liquidity support before the end of August and has lost D50t ($2.2b) in revenue this year. The move to restrict new market entrants had been expected. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-07-22/general/vietnam-suspends-new-airline-approvals-until-2022
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Vietnam suspends new airline approvals until 2022
Vietnam’s government will delay approving the establishment of any new airlines in the country until 2022 to give the country’s aviation industry some breathing room to recover from the Covid-19 pandemic. The transport ministry has proposed to focus on the recovery of the local aviation sector in the short term and says the establishment of new airlines will be considered “after the recovery of the aviation market”, which it expects to happen in 2022, according to a post on VGP News, the government’s online news portal. On 13 July, the CE of Vietnam Airlines said the company would need liquidity support before the end of August and has lost D50t ($2.2b) in revenue this year. The move to restrict new market entrants had been expected. <br/>
