New airline to diversify cargo in Asian market

To improve air transport logistics and diversify air cargo products in the region, Vietnam’s Vietravel Airlines shares plans to launch a new cargo airline in cooperation with logistics service Asean Cargo Gateway (ACG). With stakes of 51 per cent and 49 per cent, respectively in VUAir Cargo, Vietravel Airlines and ACG anticipate the first year of operations will see the airline focus on transporting goods between Vietnam and large factories in Asian countries, including China, Malaysia, Indonesia, and Thailand, stated a company statement. VUAir Cargo will use a fleet of up to four Boeing B737-800F freighters in the first year, stated Vietravel Airlines. The fleet is expected to double next year.