Real estate and retail conglomerate Vingroup has announced the launch of an airline unit, Vinpearl Air, which would be Vietnam’s fifth operational airline, after Vietnam Airlines, VietJet Air, Jetstar Pacific and Bamboo Airways. With a charter capital of VND1.3 trillion ($55.9 million), the airline majority shareholders are held by the group’s tourism arm VinAsia Tourism Development with 45% and Hoang Quoc Thuy (30%) and Pham Khac Phuong (25%), both whom have positions within ...

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