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With an initial investment of VND2.4 trillion ($103.6 million), IPP Air Cargo will start with five freighters. It estimates revenues of $71 million in the first year of operation. It would be the only cargo-dedicated airline in Vietnam, where all six carriers prioritize passenger transport.
IPP Air Cargo will use large aircraft to fly goods such as fresh fruits and frozen seafood from Vietnam to foreign countries, and collaborate with foreign partners to transport goods, including high-value items, from overseas to Vietnam.
The proposal to establish a new cargo airline, IPP Air Cargo, has been placed in cold storage for now by Vietnam’s aviation, citing the pandemic situation.
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IPP Air Cargo, Vietnam’s first cargo airline, would fly to 16 local destinations and a number of foreign ones, and break even in three years, its...
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FedEx is expanding its presence between Vietnam and Europe with the addition of four weekly flights. The new Boeing 767 freighter flights will operate out of Ho Chi Minh City and connect with Europe in Paris CDG, Liege and Cologne through the express firm’s Asia Pacific hub in Guangzhou.
