Experts believed that the government’s decision on increasing foreign holding will be a springboard for foreign investors to penetrate into the Vietnamese burgeoning market.

Kite Air targets to be a budget airline with a focus on domestic routes, aiming to serve passengers in provinces/cities with underdeveloped aviation infrastructure.

The Vietnamese aviation market has been recording double-digit growth in the last four years, but the growth rate is slowing.

All air carriers have temporarily halted international flights due to the Covid-19 pandemic.

Vietnam has closed non-essential services and called on people to stay home until April 15.