Minister of Planning and Investment Nguyen Chi Dung has submitted a new airline project to Prime Minister Nguyen Xuan Phuc for approval.

With more airlines planning to take flight in 2020, the room for profit-making is expected to narrow in the burgeoning aviation market, triggering doubts over the possibility of achieving success among newcomers.

Thien Minh Group has announced that its Kite Air will launch in the first quarter of 2020 with six aircraft and investment capital of VND5.5 trillion.

With more airlines joining the market and airlines’ fleets expanding, there are concerns that there will not be enough flight supervisors.

Vietnam’s Ministry of Transport supports the establishment of Kite Air as room remains large for airlines utilizing small airports, in turn meeting Vietnam’s huge transport demands.

The Civil Aviation Authority of Vietnam (CAAV) has completed its appraisal and evaluation of Thien Minh Aviation JSC’s proposal to set up a new airline, called Kite Air.

Vietnam Airlines said that it is fully complying with current regulations on listing airfares which include information about air ticket prices, taxes, fees and charges.

Thien Minh Aviation JSC has proposed establishing a new airline, called Kite Air, with charter capital of VND1 trillion.