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Vietnam start-up Bamboo Airways secures licence after delayed launch

Reuters  |  HANOI 

(Reuters) - Vietnam's start-up Airways has secured a licence from the local authorities, the company said, opening the way for its maiden flight in January after a string of delays.

Bamboo, owned by hotel and leisure firm will operate 37 routes connecting major cities and tourist destinations in to "reduce pressure on infrastructure", the said in a statement.

"In 2019, Airways will also launch international air flights to Asian countries, starting with Japan, Korea and Singapore," it said, adding that it also intended to operate flights to Europe, without elaborating.

Vietnam's fifth signed a provisional deal in July to buy 20 787-9 wide-body jets worth $5.6 billion at list prices, and a memorandum of understanding in March with for up to 24 A320neo narrow-bodied aircraft.

Vietnam, one of Asia's fastest growing economies, has recorded double-digit expansion in domestic and inbound passenger numbers. The government aims to spur on tourism with visa exemptions and by promoting investment in the industry.

The granting of an Air Operator Certificate (AOC) from the Civil Administration of marks the end of a series of stalled launches for

Bamboo Trinh Van Quyet, also of FLC, told in November he aimed to launch the first domestic flight in December after a delay from October. But that date was pushed back due a further delay in the issuing an AOC.

The said in December it planned its first flight in mid-January. Tuesday's statement did not mention a more specific date.

(Reporting by and Khanh Vu; Editing by Edmund Blair)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 08 2019. 19:14 IST