Bamboo Airways became the latest entrant into Vietnam’s airline market. The carrier’s first flight took place on January 16, just a week after obtaining its air operator certificate (AOC) from the country’s civil aviation authority.
Vietnam’s aviation sector is expanding rapidly, with passenger numbers on commercial aircraft leaping from 25m in 2012 to 62m last year. While there are rich pickings to be had in this growing market, Bamboo faces stiff competition from rival carriers VietJet Air, Jetstar Pacific and flag carrier Vietnam Airlines. Meanwhile, the AirAsia Group is set to launch its own Vietnamese operation with local strategic partners in August.
Bamboo Airways currently has four aircraft, three A320-200s and a single A321neo. In June last year, the carrier signed letters of intent to purchase 24 A321neos from Airbus and 20 Boeing 787-9 Dreamliners. Deliveries should run from April 2020 to 2021.
Research by the International Air Transport Association (IATA) forecasts that Vietnam will be one of the world’s five fastest growing air travel markets over the next two decades.