Ministry backs purchase of Airbus A380

The Ministry of Transport has said it supports Vietnam Airlines’ purchase of Airbus A380 aircraft as part of the national flag carrier’s fleet expansion plan by 2020.

In a report submitted to the Government for approval, the ministry said Vietnam Airlines must analyze and assess the capacity of the local aviation technical infrastructure for the Airbus A380, the world’s largest jet for commercial use so far.

The national flag carrier was also asked to study the market and make effective plans for an investment in the aircrafts to generate profits.

The ministry requested the corporation to analyze in detail the time period required to recover investment capital, especially the amount of about US$8.4 billion that will be invested in air-crew and also offer a plan for paying back debts. – SGGP

Tags: Vietnam airlines, Vietnam aviation, Vietnam aviation industry, Vietnam aviation market

Posted by VBN on Jul 6 2011. Filed under Aviation. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry