News / Vietnamese air cargo carrier delays launch plans after rapid market decline

As ex-Vietnam airfreight demand dwindles, freighter airlines are cutting capacity from the country with rates down to pre-Covid levels.

Furthermore, the rapid change in market conditions has prompted one local start-up cargo carrier to suspend its application for an airline license.

Jan Segers, general manager of Noatum Logistics Vietnam, said: “Vietnam airfreight rates have dropped to pre-Covid levels, and now most of the export capacity is from passenger flights which are largely leaving empty [of passengers], and so have plenty of room ...