Previously, on May 29, 2019, the Business Registration Office under the Hanoi Department of Planning and Investment granted a change registration for VinAsia Trade and Service Development Joint Stock Company to change its name to Vinpearl Air Aviation Joint Stock Company. Along with the name change, the company's main business line was also changed from real estate trading to air passenger transport.
According to the National Business Registration Portal, this company has a business registration number and tax code of 0108712524, and started operating on April 22. The company is headquartered on the 2nd floor of Almaz Market, Hoa Lan Street, Ecological Urban Area, Phuc Loi Ward, Long Bien District, Hanoi, located within the Vinhomes Riverside urban area of Vingroup.
Vinpearl Air has 3 founding shareholders including VinAsia Tourism Development JSC with 45% capital contribution, Mr. Hoang Quoc Thuy with 30% capital contribution and Mr. Pham Khac Phuong with 25%. Mr. Pham Khac Phuong has held many key positions at Vingroup and Vinpearl.
Vinpearl Air is registered to operate as a joint stock company and its representative is Nguyen Thanh Huong, born in 1972. According to the latest records, Ms. Huong holds the position of Chairwoman of the Board of Directors of the company while previously she held the position of General Director.
According to Decree 92/2016/ND-CP of the Government regulating conditional business lines and occupations in the field of civil aviation, with registered capital from 1,300 billion VND, the airline can operate over 30 aircraft and fly internationally.
Along with the establishment of Vinpearl Air Company, Vingroup has signed a cooperation agreement with CAE Group (Canada) to train pilots, flight technicians and other personnel in the aviation sector to provide high-tech resources for Vietnam and the world. According to this plan, Vingroup's pilot and mechanic training school is expected to train 400 pilots and mechanics each year to meet the most stringent international standards issued by the Civil Aviation Authority of Vietnam (CAAV), the US Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA).
Vingroup also plans to train other personnel in the aviation industry such as conversion, upgrading and periodic training for pilots and mechanics; training for flight dispatchers, flight attendants; aviation management, aviation economics and aircraft engineers.
However, it should be noted that the establishment of Vinpearl Air is only the first step for billionaire Pham Nhat Vuong’s aviation ambition. To be able to operate flights, the enterprise must go through many legal preparations.
Currently, the country has 5 airlines in the market, including Vietnam Airlines, Vietjet Air, Bamboo Airways, Jetstar Pacific Airlines, Vasco Airlines.
Previously, there were also two businesses that wanted to join the aviation race: Thien Minh Group and Vietravel. While Vietravel established an airline, wanting to focus on selling travel services, Thien Minh Group wanted to participate in the general aviation market after failing to establish a joint venture with AirAsia.
