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The start-up airline making noise in the aviation industry

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2020 was a tumultuous year for the aviation industry, with the COVID-19 pandemic impacting every airline in the world.

Thousands of aircraft from right around the world have, at least at some stage, been parked and left to sit idle on runways and in storage facilities.

In addition to this, over 40 airlines from all parts of the globe have ceased operation since 2020.

Intoducing: Bamboo Airways

However, the pandemic has seen one particular start-up airline find its wings.

Vietnam-born and raised Bamboo Airways is rapidly expanding at a time where the aviation industry remains unstable.

The airline currently serves Vietnam, flying between each capital city including Hanoi, Ho Chi Minh City, and Da Nang – just to name a few.

It also operates an international network that continues to grow; currently servicing Japan, South Korea, Taiwan and Macau.

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The history of Bamboo

The airline was founded in 2017 and commenced operations in January 2019.

By the time the pandemic hit, it meant that Bamboo Airways was less than one year into its operations.

One might have thought that this would have left the carrier in a precarious position, but the reality was far from that.

From the beginning, Bamboo has had strong success. The airline had strong and positive goals from the get-go, aiming to hire up to 600 employees, with recruitment beginning in April 2018.[

Bamboo’s Air Operator’s Certificate (AOC) was granted on 9 July 2018 and they subsequently passed the five required stages for certification by Vietnam’s Civil Aviation Authority.

After reviewing the airline’s financial structure and business plan, the Ministry of Transport issued an aviation license in November 2018 and the first flight took off in January of 2019.

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Remaining strong during COVID-19

A key factor that has helped the airline to survive and continue to strive throughout COVID-19 comes down to the fact that Vietnam represents a very strong market for airlines.

Vietnam has a steadily expanding airline market, according to Simple Flying. The expansion of the market saw 20% growth in the five years before coronavirus.

This reflects Vietnam’s economic growth as a whole, with its GDP rising by 225% in 10 years.

Looking to the future

Alongside its diverse route network of both domestic routes and international routes within Asia, the airline has built up a solid fleet.

Bamboo is looking at expanding its international operations throughout 2021 and into 2022, with Australia on the list.

The company has eyed off the possibility of regular flights to Melbourne, Australia – a destination that is already served through the airline’s COVID repatriation flights.

“We look forward to strengthening our relationship with the airline and enhancing our non-stop service to Vietnam on the Boeing 787-9 Dreamliner in 2021, including to Hanoi for the first time, which opens up critical trade, leisure and business opportunities for Victoria.”

Melbourne Airport’s chief of aviation, Shane O’Hare

The market between Australia and Vietnam, even prior to the pandemic, was relatively limited.

There were almost 1,000,000 passenger movements between the two countries in 2018, and nearly 60% of those passengers had to transit, through countries such as Singapore.

Most recently, the airline has made some noise within the industry by offering to ‘status match’ frequent flyer memberships to other airlines.

In any case, it’s pretty clear that Bamboo Air has found its wings and is here to stay.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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Why luxury brands are not feeling inflation

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New data shows luxury brands are not feeling the pinch of inflation, thanks to the ultra-rich indulging in their products

Luxury brands are not worried about the impact of the global economic meltdown.

While prices of food and gas have skyrocketed, spare a thought for the ultra-rich dealing with the rising cost of sneakers and sports cars.

High end retailers like Dior, Louis Vuitton and Versace are all reporting strong sales and are hiking their profit forecasts.

The upbeat view is at odds with fears for the global economy.

However, this is nothing new, in fact it’s in line with past economic slowdowns according to the experts.

The rich are often the last to feel the impacts of a tightening economy, while spending among lower income consumers is squeezed by inflation.

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Johnson & Johnson will stop selling talcum baby powder

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Amid a rising number of lawsuits, Johnson & Johnson will officially cease production of its talcum baby powder.

Company executives say the decision follows a severe decline in sales right around the world.

The move also follows a number of lawsuits which claim the product causes cancer due to its contamination with asbestos.

Mined from the earth, Talc and lies very close to where carcinogenic asbestos comes from.

J&J says demand has fallen due to so-called ‘misinformation’ about the powder’s safety.

“We stand firmly behind the decades of independent scientific analysis by medical experts around the world that confirms talc-based Johnson’s baby powder is safe, does not contain asbestos, and does not cause cancer,” it said in a statement.

But an investigation by Reuters back in 2018 discovered the organisation knew for decades that asbestos was present in its talc products.

The global shift away from talcum powder comes more than two years after the healthcare giant ended sales of the product in both the U.S. and the UK.

The company says the powder will now be created from cornstarch.

“As part of a worldwide portfolio assessment, we have made the commercial decision to transition to an all cornstarch-based baby powder portfolio,” it said in a statement.

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Twitter will crack down on false reporting ahead of U.S. Midterms

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Twitter is seeking to put the truth first as this November’s mid-terms fast approach

Twitter says false and misleading posts will be fact-checked in a bid to promote accurate reporting.

Twitter will apply its ‘civic integrity policy’, which was first rolled out in 2018.

The policy stops users from posting misleading content that can dissuade people from voting.

There will also be a crack down on claims that undermine the public’s confidence in the results.

It follows the 2020 Presidential election, where the company was accused of not doing enough to stop the spread of misinformation.

All 435 seats in the U.S. House will be up for grabs alongside around a third of senate seats.

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