Vietravel Airlines plans 2020 launch in fast-growing market

Vietnam's Vietravel Airlines plans to launch its first flight next year, chief executive Vu Duc Bien said, joining a rising number of entrants in one of the world's fast-growing aviation markets.[HANOI] Vietnam's Vietravel Airlines plans to launch its first flight next year, chief executive Vu Duc Bien said, joining a rising number of entrants in one of the world's fast-growing aviation markets.

"We already have passengers even before we launched our first flight," Mr Bien said, noting that Vietravel served around 1 million travellers last year, with half of them travelling by air. "A majority will be international flights," he said."Our target markets are Japan, South Korea, Asean, Australia and China."

"We will sell the stake to domestic investors, not foreign investors," Mr Bien said, adding that more than 10 foreign investors have approached the company to buy a stake.

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