Local airline Globaltrans Air to soon have business licence withdrawn

June 25, 2021 | 17:49
The Civil Aviation Authority of Vietnam has proposed withdrawing the aviation business licence of Globaltrans Air Services Corporation after it failed to submit its dossier to have its Air Operator Certificate (AOC) approved.
A local airlines going to be withdrawn business license
Gloabltrans Air had a year and a half to submit the necessary documents

Globaltrans Air Services Corporation could lose its aviation business licence after the Civil Aviation Authority of Vietnam (CAAV) last month submitted a document to the Ministry of Transport (MoT) to withdraw its licence.

The CAAV said that Globaltrans Air has been granted a licence more than three years ago, however, the company has yet to prepare documents to submit to the CAAV to have its AOC approved. Moreover, the CAAV has yet to receive feedback from Globaltrans Air about AOC.

Decree No.89/2019/ND-CP issued on November 15, 2019 to amend and supplement articles related to the provision of conditional business lines in the field of civil aviation, stipulated that if the airline does not meet the requirements on the AOC, its aviation business licence will be removed. Specifically, its aviation operation should start within 18 months after the licence and the AOC should be received during this period.

Therefore, the CAAV suggested the MoT withdraw the licence of Globaltrans Air.

Earlier, on June 11, the MoT had a meeting with relevant authorities to discuss this case, but the ministry could not contact the legal representative of Globaltrans Air.

At the meeting, all related parties agreed with the proposal of the CAAV to withdraw the licence of Globaltrans Air in line with the provisions of Decree 89. Additionally, the MoT asked the airline to report and explain why it has yet to receive the AOC over the last three years. Until July 1, 2021, if the ministry does not get any feedback from the company, the licence will be considered to be removed.

Globaltrans Air, which is based in Ho Chi Minh City's District 3 and has VND100 billion ($4.35 million) in registered charter capital, received its aviation business licence in 2015 at the first time. All founder shareholders are local investors. This company planned to do business in areas similar to Vietnam Helicopters Corporation (VNH), Vietnam Air Services Company (VASCO), and Seagull Shipping Company (SESCO).

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional