Vingroup withdraws plans to establish start up Vinpearl Air

    Vingroup notified Vietnam‘s Ministry of Transport it has withdrawn plans to launch start up carrier Vinpearl Air, and will instead focus on technology development and industrial production (Reuters/Vietnam Plus, 14-Jan-2020). Vingroup CEO Nguyen Viet Quang stated the introduction of Vinpearl Air would have led to oversupply due to the number of carriers operating in Vietnam. As previously reported by CAPA, the start up was due to commence domestic and international operations with a fleet of six aircraft in Jul-2020.