News / Vietnam’s first all-cargo airline on the runway and almost ready for take-off

Vietnam’s first all-cargo airline is almost ready for take-off.

IPP Air Cargo is the brainchild of billionaire Johnathan Hanh Nguyen, chairman of Imex Pan Pacific Group (IPP), which specialises in luxury brand distribution and retail.

While domestic carriers have launched cargo operations – most notably Vietjet – having seen Vietnam’s airfreight costs soar during the Covid-crisis, Mr Nguyen apparently decided to take matters into his own hands.

“When I noticed a spike in freight prices at the peak of the pandemic, sometimes up ...