Sunday, July 12 2020


Thiên Minh to set up new airline

Update: August, 23/2019 - 15:32


Besides Kite Air, Thiên Minh Group is operating the Hải Âu Aviation Joint Stock Company which is operating an aviation business with four small Cessna seaplanes. — Photo

HÀ NỘI — Thiên Minh Aviation Joint Stock Company has sent a dossier to Quảng Nam Province’s Department of Planning and Investment to get approval to establish a new airline.

The new airline, KiteAir, has chartered capital of VNĐ1 trillion (US$43.92 million).

Thiên Minh plans to set up an airline at Chu Lai Airport, Núi Thanh District, Quảng Nam Province for a period of 50 years from the effective date of the investment policy decision.

Regarding the scale of the project, Thiên Minh proposed to invest a total of 30 aircraft by 2024, including 15 ATR72 aircrafts and 15 A320/A321 aircrafts (or aircraft with equivalent capacity).

Specifically, in the first year of operation, Thiên Minh will invest six ATR72 planes. The number of aircraft will double in the second year.

In the third year, Thiên Minh plans to operate 15 ATR72 aircrafts and five A320/A321 aircrafts.

After that, in the 4th and 5th years, Thiên Minh will add five A320/A321 or equivalent aircrafts each year.

Previously, at the end of June, Trần Trọng Kiên, chairman of Thiên Minh Group, established Thiên Minh Aviation Joint Stock Company.

According to the business registration certificate, Trần Trọng Kiên is the chairman, general director and also the largest shareholder in Thiên Minh Aviation JSC.

Three main shareholders include Thiên Minh Tourism JSC with 30 per cent of shares, Trần Trọng Kiên with 60 per cent and Trần Hằng Thu with 10 per cent.

As of August 22, three investors have sent proposals to set up airlines to local Planning and Investment Departments.

In addition to Thiên Minh with KiteAir, Hà Nội’s Department of Planning and Investment is appraising the project of establishing Vinpearl Air and Thừa Thiên Huế’s Department of Planning and Investment is appraising the Viettravel airline project. — VNS


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