ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Transportation

Vingroup scraps airline plans to focus on cars

Announced six-plane fleet was never ordered, reports say

Vingroup launched Vietnam's first domestic car brand in June.   © Reuters

NHA TRANG, Vietnam -- Vingroup will cancel plans to enter the aviation business and concentrate its resources on technology development and manufacturing, Vietnam's largest conglomerate said Tuesday.

The company had announced last summer the formation of carrier Vinpearl Air, which was slated to begin operating this year with a six-plane fleet. It did not order any aircraft before the venture was abandoned, according to local media.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more