The Vietnamese Ministry of Transport has requested the government to formally approve an operator's licence for Vietstar Airlines (Ho Chi Minh City). Founded in 2010, Vietstar Airlines is owned by the Vietnamese People's Air Force which falls under the Ministry of National Defence.
In its application, Vietstar Airlines says it plans to operate both passenger and cargo flights using leased A320 and B737 model aircraft initially. It plans to connect the north and south of the country as well as neighbouring ASEAN countries.
The Vietnamese News Service reports the carrier had registered capital of VND652.8 billion (USD30.4 million) as of March 31, 2015; VND47.3 billion short of the minimum required capitalisation for an international and domestic passenger and cargo carrier.
Vietstar Airlines Multirole Corporation also offers aircraft MRO, groundhandling, and pilot training services throughout Vietnam.
