Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

The start-up airline making noise in the aviation industry

Published

on

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.

This image has an empty alt attribute; its file name is bamboo_firstA320neo-1024x410.jpeg

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.

This image has an empty alt attribute; its file name is Bamboo-Airways-to-serve-USA-next-year-Los-Angeles-likely-but-with-big-problem-3.jpeg

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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

Rich listers secret’s: how billionaires build their wealth

Published

on

Australian billionaires, including Gina Rinehart, have built their wealth by investing in valuable, income-generating assets.

For the average person looking to build their wealth, one possible option could be to buy quality assets like stocks when the market dips.

Mark Wyld from MW Wealth joins to discuss. #featured #trending #wyld money

Continue Reading

Money

Buyer’s agent unveils key to building wealth through property

Published

on

Unveiling the strategies for game-changing wealth building through property.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Buyers Agent, Jack Henderson from Henderson Advocates. #trending #wyld money

Continue Reading

Money

Experts unveil the secrets to crypto ‘prop trading’

Published

on

What is crypto proprietary trading and how can it benefit you?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto CallsCheyne Kupfer.

In this episode, Cheyne sits down with Growth Partner at Crypto Calls, Jack Birkinshaw to talk all things prop trading.

Continue Reading

Trending Now