Vietnam retailer IMEX Pan Pacific Group has given up on plans to launch what could have been the country’s first cargo airline, citing concerns on softening demand and an uncertain economic outlook. The company’s shareholders made the decision on 26 October to ask the government to end the process of licensing its application to launch. Jonathan Hanh Nguyen, chairman of IPPG, told local news that air cargo demand would decline given the current global turmoil, noting how air freight fares … [Read more...] about Vietnam’s IPPG halts cargo airline plans
IPP Air Cargo
Vietnam’s IPP Air Cargo targets September launch
IPP Group has its fingers crossed as the company’s air cargo division anticipates its air operator certificate by the end of July, as well as the delivery of the first of four Boeing 737-800BCF freighters in the same month. Talking at an industry event last week, Philip Nguyen, IPP Travel Retail CEO, said the luxury retail conglomerate plans to start its air operations in September, with initial flights to Hong Kong and Singapore. The new carrier is currently in talks with Singpost and … [Read more...] about Vietnam’s IPP Air Cargo targets September launch
Vietnam’s first local cargo airline awaits PM approval
Vietnam’s transport ministry has sought approval from the prime minister to issue a licence to the country’s first all-cargo airline, Reuters reported last week. The airline, IPP Air Cargo, owned by luxury retailer Imex Pan Pacific Group, had met all necessary requirements for the licence, according to a statement posted on the government website. The move comes as air cargo volumes climb steadily in the Southeast Asian manufacturing hub. Vietnam’s air cargo transport is currently handled … [Read more...] about Vietnam’s first local cargo airline awaits PM approval
Luxury retail group to launch Vietnam’s first cargo airline
Vietnam may see its first dedicated cargo airline by next year as luxury retailer Imex Pan Pacific Group (IPPG) submitted its proposal to the country’s civil aviation authority (CAAV) to establish an airline dedicated to freight transport. The conglomerate, through its subsidiary IPP Air Cargo JSC, will invest VND2.4 trillion (100 million USD) to develop its logistics capabilites and air network to handle both inbound and out bound shipments in Vietnam. Luxury retail tycoon and IPPG … [Read more...] about Luxury retail group to launch Vietnam’s first cargo airline
