Vietnam Approves Sun PhuQuoc Airways Launch with $96M Capital

Vietjet has announced the launch of two new direct routes connecting Hanoi with Chengdu and Xi’an, China, starting in July 2025, further expanding its Vietnam–China flight network to seven direct routes this year. These new services, along with recent routes to Beijing, Guangzhou, Shanghai, and others, aim to enhance air connectivity between Vietnam and China, boosting tourism and trade while providing affordable travel options across the Asia-Pacific region. Vietjet is also expanding beyond China with new routes to India, Japan, and a service between Phu Quoc island and Singapore. Meanwhile, Vietnam's Prime Minister has approved the establishment of a new airline, Sun PhuQuoc Airways, backed by Sun Group with an initial capital of $96 million. The airline plans to launch its inaugural flight by late 2025, targeting a fleet of over 30 aircraft by 2030, and will offer both scheduled passenger and charter flights, entering a rapidly growing Vietnamese aviation market alongside existing carriers. This expansion reflects Vietnam's booming tourism sector and the competitive dynamics in the country’s aviation industry.