Bamboo Airways (QH, Hanoi) plans to expand its fleet from 10 to 30 aircraft by the first quarter of 2020 and to 100 aircraft by 2024, having officially received permission from Vietnam's Ministry of Transport for its adjusted operations, Dan Tri News has reported.

Under a licence newly revised by the ministry, the carrier will be allowed to raise its charter capital from VND700 billion dong (USD30.2 million) to VND1.3 trillion (USD56 million), which under Vietnamese government rules is the minimum capital for an airline to operate 30 aircraft on domestic and international flights.

Bamboo Airways currently has 16 aircraft at its disposal (one A319-100, nine A320-200s (including three wet-leased in), four A321-200neo aircraft, and two A330-200s), with two A320-200neo units to be delivered, according to ch-aviation fleets advanced. The hybrid carrier was founded in mid-2017, and its 19 scheduled destinations are currently entirely domestic, according to ch-aviation capacities.

The Vietnam News Agency has reported that the total investment of the project to expand to 30 aircraft is VND5.7 trillion (USD245 million), including the contributed capital of VND1.3 trillion. International routes to Japan, South Korea, China, Germany, the Czech Republic, the UK, and the US are planned using the rapidly expanding fleet, the agency said.