ACG and Vietravel Airlines will cooperate to contribute capital to VUAir Cargo at a respective ratio of 49% - 51%.
Administrator
Administrator
On 8-September , 2022 Vietravel Airlines and Asean Cargo Gateway (ACG) have just signed an investment cooperation agreement and business development of cargo transportation services air cargo - VUAir Cargo (corresponding capital contribution ratio 51% - 49%) not only contributes to diversifying products, as well as perfecting its own ecosystem while also wanting to promote cargo business activities, Exploiting air cargo transportation and being a cargo agent for airlines in the region.
Mr. Vu Duc Bien Vu - General Director of Vietravel Airlines said: “According to Vietravel Airline” assessment, the air cargo market still has a lot of potential and needs to be fully exploited. More specifically, concerns about the chain Supply disruptions are increasing while the commodity markets in Vietnam with China and countries in Southeast Asia, Northeast Asia, Europe, and America are considered regions with GDP growth. The highest annual rate in the world and the highest proportion of the working-age population in the world, therefore, production facilities will gradually move to this area next to the word’s largest factory, China.
According to assessments, Vietnam is considered a bright, potential candidate in the process of shifting production. This will be an opportunity for the logistics and air cargo transport industry in particular to take off in the near future. Therefore, this is the right time to build and promote the first air cargo transport segment (Air Cargo) in Vietnam, combining ACG experience in the logistics industry and Vietravel Aitrline.
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ACG representative said: “With the goal of meeting and promoting the domestic and international logistics industry, especially with markets with great potential, it means bringing businesses in Vietnam closer to the market. Besides, signing a cooperation agreement with Vietravel Airlines is a memorable milestone, bringing the dream of becoming a Cargo Airlines in Vietnam soon to come true”
Air cargo service (VUAir Cargo) is the first specialized flight cargo service in Vietnam. ACG Chairman affirmed that this is the enterprise\'s effort on the journey to fulfill its mission of improving air transport logistics services, becoming the first Cargo Airlines in Vietnam, and a bridge for export goods of the country. Vietnam accesses the global market and contributes to improving competitiveness in international connectivity for exports, especially key agricultural products.
