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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.

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