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  • Crystal Bay Airlines Soars into Vietnam Market with $11.4M Charter Capital

    Crystal Bay Airlines Soars into Vietnam Market with $11.4M Charter Capital

    The Vietnamese aviation sector has welcomed a new contender, Crystal Bay Airlines, bringing an infusion of VND300 billion (approximately US$11.4 million) into the industry. Established on November 6, 2025, the airline has a diverse range of operations spanning 51 business sectors, but its primary focus is passenger transportation via air, as indicated in its company registration documents.

    Founding Members

    The initial stakeholders of Crystal Bay Airlines are noteworthy and include the Crystal Bay Tourism Group, which provided VND282 billion, constituting 94% of the airline’s charter capital. The chairman of the airline, Nguyen Duc Chi, and the general director, Bui Tuong Chi, accounted for 5% and 1% of the capital, respectively.

    The Crystal Bay Tourism Group has a broad operational scope, encompassing tourism, travel, resorts, and tourism real estate investment. Interestingly, prior to creating the airline, the group had no direct ownership or operational control of an aircraft fleet under the Crystal Bay label.

    International Charter Operations

    Despite not owning a fleet, since around 2022, the company has been facilitating international charter flights to bring tourists to Vietnam, specifically to popular destinations such as Cam Ranh Bay and Phu Quoc Island. These flights have been operated on a regular basis by other airlines, including Vietjet Air and Bamboo Airways. These collaborations have connected Vietnam with numerous markets, including Kazakhstan, Taiwan, Thailand, Mongolia, and Uzbekistan.

    Travel Business Expansion

    In 2023, Crystal Bay further expanded into the travel business by establishing Crystal Bay Tour Co Ltd. This subsidiary was set up to develop software for selling airline tickets and tours, along with executing marketing and communication campaigns – elements that are crucial for any travel business.

    The creation of its own airline is widely perceived as a logical progression for Crystal Bay, aimed to augment its tourism business and establish a comprehensive ecosystem.

    Questions & Answers

    Who are the founding shareholders of Crystal Bay Airlines?
    The founding shareholders include the Crystal Bay Tourism Group, which contributed 94% of the company’s charter capital, as well as the airline’s chairman Nguyen Duc Chi and general director Bui Tuong Chi, who accounted for 5% and 1%, respectively.

    What business sectors does Crystal Bay Airlines operate in?
    Crystal Bay Airlines operates in 51 business sectors with its primary focus being air passenger transportation.

    What is the significance of Crystal Bay Airlines for the Crystal Bay Tourism Group?
    The establishment of Crystal Bay Airlines is seen as a strategic move by the Crystal Bay Tourism Group to complete its ecosystem and enhance its tourism business.

  • SoftBank and OpenAI Unleash ‘Crystal Intelligence’ to Energize Japan’s Corporate AI Landscape

    SoftBank and OpenAI Unleash ‘Crystal Intelligence’ to Energize Japan’s Corporate AI Landscape

    The SoftBank Group, which includes SoftBank Corp. and SoftBank Group Corp., has partnered with OpenAI Group PBC to launch a joint venture known as SB OAI Japan GK (SB OAI Japan). The aim of this venture is to introduce “Crystal intelligence,” a groundbreaking artificial intelligence (AI) solution designed to revolutionize management and operational processes within Japanese enterprises.

    Bringing AI to Corporate Management

    The new solution combines OpenAI’s most recent products with customized implementation and system integration services. Exclusively available in Japan, “Crystal intelligence” is set for release in 2026, and is expected to significantly enhance organizational productivity and management efficiency by integrating state-of-the-art AI tools.

    The new solution combines OpenAI’s enterprise offerings with local support and implementation provided by SB OAI Japan. SoftBank Corp. will be the first company to adopt and implement this technology before it becomes available to other customers in Japan. This initial deployment will serve to validate its effectiveness in product development and business transformation via advanced AI technologies.

    AI Integration and Implementation

    The insights and expertise acquired from these efforts will be disseminated to other enterprises through SB OAI Japan. The SoftBank Group is dedicated to transitioning into an AI-native organization, encouraging all employees to integrate AI into their daily tasks.

    By utilizing OpenAI’s technology, the Group has already developed approximately 2.5 million custom GPTs (ChatGPTs tailored for specific tasks or use cases) for internal use. It is now laying the groundwork for the introduction of Crystal intelligence.

    Vision for the Future

    Sam Altman, CEO of OpenAI, says that the joint venture with SoftBank is a significant move that will speed up their vision of delivering advanced AI to some of the world’s most influential companies, starting with Japan. Masayoshi Son, Chairman & CEO of SoftBank Group Corp., believes that this venture marks the beginning of a new era of innovation that will revolutionize how people work and how businesses are managed.

    Questions & Answers

    What is the purpose of the new venture between SoftBank Group and OpenAI Group PBC?
    The joint venture, SB OAI Japan GK, aims to introduce a new AI-driven solution called “Crystal intelligence” that is designed to revolutionize corporate management and operations in Japanese enterprises.

    What is “Crystal intelligence”?
    “Crystal intelligence” is a solution that merges OpenAI’s latest products with customized implementation and system integration services. It aims to boost organizational productivity and efficiency by integrating advanced AI tools.

    When is the release of “Crystal intelligence” expected?
    The release of “Crystal intelligence” is scheduled for 2026 and it will be marketed exclusively in Japan.