Another startup hopes to enter the increasingly crowded Vietnam aviation market.
Travel company Vietravel wants to set up its own airline and has applied for a license.
It has been looking to enter the commercial aviation market for some time and sees room for another carrier to serve Vietnam’s booming air travel sector.
The domestic air travel market is growing at an annual rate of 10%.
Competition is hotting up in Vietnam.
As well as national carrier Vietnam Airlines and low-cost giant Vietjet, new airline Bamboo Airways launched earlier this year and AirAsia is starting a Vietnam based joint venture soon.
Vietravel is a major player in Vietnam with an international reach.
It has seven offices overseas including two in Australia and has operated about 300 charter flights in the last two years.
