Vietnam’s largest privately-run conglomerate Vingroup and Canada-based flight training provider CAE have signed an agreement to cooperate in training pilots and aircraft engineers, local media reported.
Under the agreement, Vingroup is expected to provide 400 pilots and aircraft engineers every year meeting standards set up by the Civil Aviation Administration of Vietnam (CAAV), US Federal Aviation Administration (FAA), and the European Union Aviation Safety Agency (EASA).
Additionally, Vingroup will also train high quality personnel working in the aviation industry, including maintenance technicians, cabin crew, among others.
As part of the plan, Vingroup has signed an agreement with CAE Oxford Aviation Academy to set up VinAviation School and Vinpearl Air Training Center in Vietnam. The former will focus on training pilots and aircraft engineers following CAAV, FAA and EASA standards, and the latter will provide specific training courses for regular level upgrade for pilot, flight attendants, technicians and others.
Vice President and CEO of Vingroup Nguyen Viet Quang said the shortage of pilots and aircraft engineers is a global concern, including Vietnam. Vingroup’s cooperation with CAE, thus, would address the issue by providing pilots to the international market.
Quang informed his training facilities are scheduled to enroll students starting this August.
Vingroup previously renamed its subsidiary VinAsia Development Service and Trading to Vinpearl Air with charter capital of VND1.3 trillion (US$56 million).
VinAsia Tourism Development JSC, another arm of Vingroup, holds a 45% stake at Vinpearl Air, while businessmen Hoang Quoc Thuy and Pham Khac Phuong, a senior executive at Vingroup, hold 30% and 25% stakes at the company, respectively.
Vietnam currently has a total of five airlines, including Vietnam Airlines, budget operator Jetstar Pacific Airlines (partly owned by Vietnam Airlines), budget carrier Vietjet Aviation, Vietnam Air Services (VASCO) and Bamboo Airways.
Over the past few years, Vietnam’s aviation market has been sustaining a two-digit growth rate, while the introduction of new airlines has also put high quality personnel in the industry on high demand.