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Vietjet Air Cargo, the freight ‘affiliate’ of the low-cost carrier launched last week, is to invest in B737 freighters and A330-200Fs in its quest to become a major cargo carrier in the region. It is also seeking an airline partnership for long haul routes.

Talking to The Loadstar, Do Xuan Quang, CEO, said the carrier had major plans to capitalise on the growth of Vietnamese air cargo.

“Vietjet Air Cargo is now handling all passenger belly capacity. At the end of 2014, our fleet will be 20 A320s, and will reach to 30 A320s in 2015, and to 40 in 2016. We will be expanding our global network, and planning to operate freighter feeders with B737-300/400Fs, as well as mid-range A330-200Fs in the Asia region,” he said.

New aircraft will be wet-leased in the first year and dry-leased in the second, said Mr Quang. “After that, Vietjet Air will purchase new aircraft for its sustainable development in the future.

“The Vietnamese airfreight market is very good at the moment for freighter operations. There are 40 freighters, 747-400Fs and A330-200Fs, operating weekly just in the Hanoi market.”

Vietnam is fast becoming an attractive air cargo destination. According to figures recently released by Seabury, it enjoyed 19.1% growth between January and August this year, rising to 23,000 tons. Last year it saw growth of 11.5%. Both fashion and hi-tech exports have propelled the figures upwards, with both sectors seeing doubl-digit growth. Hi-tech boasted a 49.3% rise in volumes between 2010 and 2013.

The one negative change, said Seabury, is that salmon no longer transits Vietnam on its way from the Americas to Hong Kong and China.

Vietjet Cargo, which, as far as The Loadstar can tell, would become the only low-cost carrier to invest in freighters, is looking for partnerships to boost volumes.

“We will have co-operations with other carriers to explore business opportunities in long haul destinations,” said Mr Quang. “Vietjet Air Cargo was founded at this time with the aim of meeting increasing market demand.”

The carrier currently operates domestically as well as to Thailand, Korea, Taiwan and Cambodia.

Vietnam has become the leading south-east Asian exporter to the US, with 19% growth expected this year, while total exports rose 13.4% to October. Air freight capacity is sought by hi-tech companies including Samsung, Suwon, LG Electronics, and Apple supplier Wintek.

Samsung is to operate its own terminal in Hanoi from the end of next year, according to the Civil Aviation Authority – and is also said to be close to receiving a licence to invest $3bn in a second smartphone factory north of Hanoi.

Meanwhile, DHL opened a $10m logistics facility at Ho Chi Minh Airport and other airlines are increasing freight services in the region. But in August this year, IATA called on Vietnam to boost its infrastructure. The country came just 82nd in the WEF’s infrastructure index, and sixth out of ten Asean nations. It also has yet to ratify MC99, which would allow carriers to use e-AWBs.

AirAsia had announced it would take a 30% stake in the carrier, but failed to obtain government approval.

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  • Mike San

    November 26, 2014 at 6:27 am

    Is Brian Presbury really the CEO of VietJet Air?

    • Alex Lennane

      November 27, 2014 at 9:57 am

      Apologies – Brian Presubry was the CEO of VietJet Air in 2008 before it launched. He wrote on LinkedIn that he was the first foreigner to be appointed, at the first private start-up airline in Vietnam. “Regretably the shareholders got cold feet due to uncertain economics in the country and axed all the expats.”

  • Werner Schmidt

    October 19, 2018 at 5:43 pm

    i have here at Frankfurt / Germany a Palette with 136 kg 80/60/75 cm Content: Glasware, which has to go to Saigon / Ho Chi Minh Vietnam Sheraton Hotel
    Can you tell me if You can handle this and quote me a competitive Rate? Pls.
    The Customer prefers Door-to-Door Service!

    Werner Schmidt
    Sales Manager Shtox
    Dreieich Germany

  • Eagle Impex (Pty) Ltd

    May 24, 2020 at 8:45 pm

    Good Day

    Re: Charter of aircraft

    We are interested to find out what the total costs in USD (all charges inclusive) shall be to charter an entire aircraft for the shipment of medical supplies with the following cartons dimensions , weight, and number of cartons. Port of Departure, Hanoi Vietnam, port of discharges – Newark, New York , USA

    Number of cartons 20 000
    Carton dimension: 34 x 25 x 35
    Weight of each carton: 5kg

    Please let us know the costs asap and whether one aircraft shall be sufficient to ship the entire shipment. Please indicate as well what type of aircraft shall be used. and number of aircraft should the entire shipment to fit in one aircraft. Lastly the actual flight time from Vietnam to NY, USA.