Vietnam's New Airline Soars High

Published on May 22, 2025 | Source: https://www.reuters.com/markets/emerging/vietnam-approves-establishment-sun-phuquoc-airways-2025-05-21/

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Vietnam's aviation landscape is set to experience a significant transformation with the approval of Sun PhuQuoc Airways. Backed by the esteemed Sun Group, known for its ventures in real estate and hospitality, this new airline marks a bold step in the country's post-pandemic recovery. With an initial investment of 2.5 trillion dong (approximately $96 million), Sun PhuQuoc Airways is poised to commence operations by the fourth quarter of 2025. The airline's ambitious plan includes offering both commercial and charter flights, catering to a diverse range of travelers. By 2030, Sun PhuQuoc Airways aims to expand its fleet to 31 aircraft, positioning itself as a formidable player in the competitive Vietnamese aviation market. This expansion is expected to enhance connectivity and provide more options for both domestic and international travelers.

The establishment of Sun PhuQuoc Airways comes at a time when Vietnam's aviation sector is witnessing a remarkable resurgence. The first four months of the year have seen a 23% increase in visitor numbers, totaling 7.7 million tourists. This surge underscores the growing appeal of Vietnam as a travel destination and highlights the resilience of its tourism industry. The entry of Sun PhuQuoc Airways is anticipated to further stimulate this growth, offering travelers more choices and potentially more competitive pricing. The airline's focus on both commercial and charter services reflects a strategic approach to meet the evolving needs of the market. As Vietnam continues to recover and thrive, the launch of Sun PhuQuoc Airways symbolizes a new chapter in the nation's aviation history, promising exciting opportunities for travelers and the industry alike.


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