Vietnam’s Vietravel Airlines is planning to launch new cargo airline VUAir Cargo in cooperation with logistics player Asean Cargo Gateway (ACG). Vietravel Airlines will have control with 51 percent stake with the remaining shares (49 percent) going to ACG. The cargo airline will focus on goods between Vietnam and large factories in Asia such as China, Malaysia, Indonesia and Thailand. VUAir Cargo is looking to use a fleet of up to four B737-800F freighters in the first year, with plans to … [Read more...] about Vietnamese travel airline makes pivot to cargo