Bamboo Airways comes closer to first commercial flight

So far Bamboo Airways has been smoothly completing the necessary procedures to launch its first commercial flight. Bamboo Airways comes closer to first commercial flight Bamboo Airways meets prerequisites According to a source of VIR, last weekend the Ministry of Planning and Investment (MPI) presented to the government the results of its evaluation of the Bamboo Airways investment project at Phu Cat Airport in the central province of Binh Dinh province. Based on Article 31(1b) of the Law on Investment, the Bamboo Airways project is an air transport project under the jurisdiction of the PM. Hence, MPI has proposed the prime minister to approve the investment planning of the project and then assign the Dinh People’s Committee to supervise the implementation process and ensure it follows the planning. MPI found that the project has collected the necessary legal documents. The project is also in line with Binh Dinh’s 2020 Master Plan for Socioeconomic Development, as well as the prime ministerial 2020-2030 planning for air transport development. Besides, the investor has the requisite equity and the parent company’s (FLC Group) commitment to provide additional working capital regularly for business activities in the project’s early stages. However, MPI proposed the PM to assign the Binh Dinh People’s Committee to monitor and ensure that the project’s development abides by the law and the relevant plans. Previously, in mid-April 2018, the Binh Dinh People’s Committee proposed MPI to reevaluate the project after it made adjustments following the advice of the ministries of Transport, Public… [Read full story]