Cathay climbs with local aviation scene

It is undeniable that Vietnam is of the fastest and largest growing aviation markets in South East Asia and the world. With good government support, economic and infrastructure development, its aviation has gone a long way to reach today’s standards. The continued growth of the Vietnamese economy, people’s increasing purchasing power and desire to travel are obviously vital elements for Vietnam’s aviation to grow in significance.

Vietnam-Qatar aviation, tax agreements take effect

Vietnamese Ambassador to Qatar Phung The Long and Ambassador Zayed Bin Rashid An Mansour Al-Nuaimi, Director of the Asia-Africa Department of the Qatar Ministry of Foreign Affairs, signed the minutes on the exchange of letters of approval of the Agreement on Aviation Transport in Qatar on April 21.

Vietnam Airlines gains US maintenance certificate

The FAR-145 is an international standard on aircraft maintenance services under US aviation regulations.

Vietnam can build international airport within 36 months: IATA

In an interview given to Dau Tu newspaper, Giovanni Bisignani, Chief Executive Officer of IATA, said that during his business trip to Vietnam he saw high potentials of Vietnam’s aviation market. He said that despite bid difficulties, airlines in Asia Pacific, including Vietnam, can still earn high profits, estimated at $4.6 billion in 2011. It is partially because the expected economic growth rate of the region is at 6.9 percent, which is higher than the world’s average growth rate. In 2010, Vietnam Airlines saw its number of passengers increase by 30 percent from the previous year, and it had more new aircraft every month. This shows that Vietnam’s aviation market has great potential.

Vietnam, Laos cooperate in satellite service

Attending the signing ceremony were Deputy Head of Vietnam Maritime Administration Do Duc Tien and Director of the Laos ’ Civil Aviation Department Yakua Lorpangkao. The agreement aimed to bring Vietnam ’s Cospas-Sarsat satellite system’s channels into operation at Laos ’ Search and Rescue (SAR) points of contact (SPOC).

Indochina Airlines still hit by turbulence

Under the Dispatch 2131/CHK-TC dated June 24, 2009 the Civil Aviation Administration of Vietnam (CAAV) asked Vinapco not to stop supplying fuel to Indochina Airlines though the air carrier was a bad debtor. It said that discontinued fuel supply would adversely affect passengers as well as the aviation sector’s overall performance. CAAV’s decision made the fuel supplier to bear a huge loss of up to $1.25 million.

GE group to expand operation in Vietnam

Not only in wind power, the group has signed an agreement on strategic cooperation in the energy sector with the Vietnamese Ministry of Industry and Trade and a long-term agreement with the Vietnam National Oil and Gas Group (PVN) to support Vietnam’s oil and gas industry. GE has also proposed a long-term strategic cooperation plan with the Vietnamese government in power infrastructure, aviation, oil and gas and health care.

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