Tag: bamboo

  • Bamboo Airways eyes fleet expansion

    Bamboo Airways eyes fleet expansion

    Bamboo Airways plans to have a fleet of 100 aircraft by 2024 with the majority of them being Boeing 787-9 or Airbus A321.

    The carrier said in a statement Thursday it would lease the first Boeing 787-9 in October since the 10 it has ordered would not be delivered until the fourth quarter of 2020.

    Bamboo has received permission from the Ministry of Transport to operate 30 aircraft, and it plans to achieve this number by the end of the first quarter of 2020. The airline, which began flying in January, has yet to break even.

    Its chairman, Trinh Van Quyet, has said that with 30 aircraft the carrier could get into the black by the first quarter of 2020. The carrier now flies 10 aircraft on 26 domestic routes besides international charter flights.

    Vietnam hopes to grow its aviation market by 16 percent a year in 2015-20 and 8 percent in 2020-30.

    This means there will be a possible 117 million air travelers by 2023, 85 percent by Vietnamese carriers, which will require 340 aircraft, according to the Civil Aviation Authority of Vietnam.

  • Sagara launches online Store Concept

    Sagara launches online Store Concept

    Tableware firm Sagara Inc has opened a global website after setting up a retail store in New York to market its environmentally conscious tableware for children.

    The firm’s Reale brand, made from a new bioplastic raw material blended with native Japanese bamboo, is being made available for the first time across North America, including the US and Canada.

    The company is scheduled to launch business-to-business and business-to-customer online sales in the territory next month, starting with sales through major department stores as well as retail outlets, online shops and other venues across North America dealing in baby and kid goods, interior products, gifts and other items.

    Sagara embarked on developing Reale in 2014 and started selling the tableware in Japan in November 2016. As of March this year, the brand is on sale in Taiwan, Mainland China and Australia.

    More than 20,000 Reale sets in total have been shipped up to this month. Its designs are inspired by traditional silverware in Europe and the US.

  • Bamboo Airways to sign deal for 10 Boeing planes during Trump-Kim summit

    Bamboo Airways to sign deal for 10 Boeing planes during Trump-Kim summit

    Vietnam’s newest carrier, Bamboo Airways, which began flying last month, is set to sign a deal with Boeing to buy 10 aircraft. The signing will take place on the sidelines of the second summit between U.S. President Donald Trump and North Korean leader Kim Jong-un in Hanoi on Wednesday and Thursday, an unnamed airline executive said. In July last year the airline had signed a provisional deal to buy 20 Boeing 787-9 wide-body jets worth $5.6 billion at list prices.

    “We will sign with Boeing a deal to buy 10 Boeing 787s,” the executive said. “This is different from the deal signed earlier for 20 Boeing planes.”

    The U.S. Federal Aviation Administration (FAA) recently allowed Vietnam to operate direct flights to the U.S.

    Bamboo Airways and other Vietnamese airlines have expressed interest in operating direct flights to that country.

    Bamboo was set up by private conglomerate FLC in 2017 with a charter capital of VND700 billion ($30 million), which it recently increased to VND1.3 trillion ($55.68 million).

    Budget airline Vietjet also plans to sign on the sidelines of the summit a deal to buy 100 narrow-body Boeing aircraft.

    Vietnam’s aviation industry is booming demand. The country welcomed 12.5 million air passengers last year, up 14.4 percent from 2017, according to the General Statistics Office.

  • Bamboo Airways plans a year-end take off

    Bamboo Airways plans a year-end take off

    Bamboo Airways, Vietnam’s newest airline, is expected to make its maiden flight on Dec. 29, its founder said Friday. The first routes of the country’s fifth carrier would connect Hanoi and HCMC, and from Hanoi and HCMC to central Quy Nhon City, said Trinh Van Quyet, chairman of Vietnamese private firm FLC, the airline’s founder.

    Dang Tat Thang, Bamboo Airways general director, said the carrier has basically got itself ready for the first flight, and aircraft that it is hiring is due to arrive in Vietnam on Dec. 12.

    “It is possible that flight tickets will be on sale a month before the initial takeoff,” he said.

    Bamboo Airways finally got its long-awaited aviation license early this week.

    It is allowed to operate 10 aircraft on both domestic and international routes and to carry passengers and cargo.

    The airline plans to fly on 100 routes, connecting Vietnam’s major cities with popular domestic and international tourist destinations.

    After licensing, it needs to obtain an aircraft operator certificate and obtain permission for parking and selling tickets, which are expected to take 30-45 days from the date of license issuance.

    Bamboo Airways was founded in mid-2017 with a charter capital of VND700 billion ($30 million), which it increased to VND1.3 trillion ($55.68 million) recently.

    The airline has signed deals to buy 24 Airbus A320neo and 20 Boeing B787-9 Dreamliner aircraft worth a total of about $8.6 billion.

    The other four carriers in Vietnam currently are Vietnam Airlines, Vietjet Air, Jetstar Pacific and VASCO.

  • Bamboo Airways gets license, to start flying before year end

    Bamboo Airways gets license, to start flying before year end

    Vietnam’s newest airline, Bamboo Airways, has received its long-awaited aviation license and plans to launch its first flight within the next 45 days. The carrier, the country’s fifth, is allowed to operate 10 aircraft on both domestic and international routes and to carry passengers and cargo on its flights.

    It plans to fly on 100 routes, connecting Vietnam’s major cities with popular domestic and international tourist destinations.

    But initially it is likely to only operate on certain sectors like Hanoi-Quy Nhon and Ho Chi Minh City-Quy Nhon. Quy Nhon is a city on the central coast.

    According to Bamboo Airways general director Dang Tat Thang, most of the preparatory works have been completed for the maiden flight to take off before the end of the year.

    It needs to obtain an aircraft operator certificate and obtain permission for parking and selling tickets, which are expected to take 30-45 days from the date of license issuance.

    Bamboo Airways was founded by Vietnamese private firm FLC in mid-2017 with a charter capital of VND700 billion ($30 million), which it increased to VND1.3 trillion ($55.68 million) recently.

    The airline has signed deals to buy 24 Airbus A320neo and 20 Boeing B787-9 Dreamliner aircraft worth a total of about $8.6 billion.

  • Bamboo Airways postpones maiden flight

    Bamboo Airways postpones maiden flight

    The carrier, owned by Vietnamese private firm FLC Group, is yet to receive its license. The delay in getting its license meant that the airline also missed out on its plans to start selling tickets from September 2.

    A Ministry of Transport official, who declined to be named, told Monday that the licensing procedures for the airline have not been completed. An official of Vietnam Aviation Authority also confirmed that the flight permit could not be granted on time to the airline.

    The transport ministry had asked the Prime Minister to allow it to issue an air transportation business license to Bamboo Airways in late August. However, the ministry is yet to receive an official reply.

    No one elaborated on the reason for the delay. An FLC Group spokesperson told that the airline’s first flight will be moved to the end of the fourth quarter of this year.

    “We have to rearrange the original plan. However, Bamboo Airways’ business strategy and pre-designated flight network will not be affected by this adjustment,” the spokesperson said.

    Bamboo Airways’ general director Dang Tat Thang said the airline is currently in the process of finalizing its airfreight business license.

    This is the final legal basis for the company to officially enter the market.

    Thang said that all preparations for the first scheduled flight for the fourth quarter had been completed.

    Bamboo Airlines will become Vietnam’s fifth airline when it becomes operational.

    The other four airlines are flag carrier Vietnam Airlines; budget operator Jetstar Pacific Airlines, which is partly owned by Vietnam Airlines; budget carrier Vietjet Aviation and Vietnam Air Services Co.

    Hanoi-based FLC, whose main businesses include housing, resorts and golfing, had said it planned to operate international and domestic flights to tourist spots in Vietnam, including where FLC has major properties.