Vietnam’s Sovico Group and Australia-based Linfox Group would cooperate in air transportation of passengers and cargo, developing aviation infrastructure and accommodation facilities in Australia.
Vietnam’s major corporation Sovico Groups, a major shareholder of budget airline Vietjet Air, has signed a cooperation agreement with Australia’s leading logistics company Linfox Group in fields of aviation transportation.
Vietnam’s Prime Minister Nguyen Xuan Phuc and his Australian counterpart Scott Morrison witnessed the signing on August 23, in which Nguyen Thanh Hung, board chairman of Sovico Group, and David Fox, CEO of Linfox Airports, the operator of two airports Avalon and Essendon, on behalf of the two companies inked the agreement.
Following the deal, Sovico and Linfox would cooperate in air transportation of passengers and cargo, developing aviation infrastructure and accommodation facilities in Australia.
The two companies also agreed to open new flight routes among Vietnam, Australia and regional countries in the coming time.
The agreement left the door open for comprehensive cooperation between Sovico and Linfox, including the establishment of a joint venture in aviation, airport infrastructure development, tourism, services, banking and finance, among others.
Sovico Holdings, in which Vietjet Air CEO Nguyen Thi Phuong Thao owns 52% of charter capital, currently holds a 7.59% stake of the budget airline’s charter capital.
Linfox Group is a leading conglomerate in Australia investing in aviation, real estate development, transportation, and banking.
Australian Prime Minister Scott Morrison started a three-day official visit to Vietnam on August 22 following the invitation of his Vietnamese counterpart Nguyen Xuan Phuc.
Nguyen Thanh Hung, board chairman of Sovico Group (R) and David Fox, CEO of Linfox Airports (l) at the signing ceremony. Source: VGP.
|
Following the deal, Sovico and Linfox would cooperate in air transportation of passengers and cargo, developing aviation infrastructure and accommodation facilities in Australia.
The two companies also agreed to open new flight routes among Vietnam, Australia and regional countries in the coming time.
The agreement left the door open for comprehensive cooperation between Sovico and Linfox, including the establishment of a joint venture in aviation, airport infrastructure development, tourism, services, banking and finance, among others.
Sovico Holdings, in which Vietjet Air CEO Nguyen Thi Phuong Thao owns 52% of charter capital, currently holds a 7.59% stake of the budget airline’s charter capital.
Linfox Group is a leading conglomerate in Australia investing in aviation, real estate development, transportation, and banking.
Australian Prime Minister Scott Morrison started a three-day official visit to Vietnam on August 22 following the invitation of his Vietnamese counterpart Nguyen Xuan Phuc.
Other News
- Vietnam among Japan’s top partners: KEIDANREN
- Vietnam seeks to strengthen ties with Finland
- Vietnam urged to soon implement PDP VIII
- Argentina seeks to elevate ties with Vietnam to strategic partnership
- Vietnamese Gov’t to strengthen gold market management
- South Korea to increase ODA by 50% to Vietnam in 2024
- Vietnam a priority for Dutch businesses in Southeast Asia
- Hanoi promotes legal awareness and consumer rights protection initiatives
- Vietnam seeks Japan’s new-generation ODA for major transport projects
- Finance ministry expected to impose 50% duty on e-cigarettes
Trending
-
World Bank looks forward to stronger ties with Vietnam: country director
-
Vietnam news in brief - March 29
-
Hanoi kicks off communication contest on Dien Bien Phu victory
-
French education group Odyssey keen on strengthening cooperation with Hanoi
-
Hanoi, Shanghai strengthen investment cooperation
-
UOB Painting of the Year Award opens doors to the world for Vietnamese artists
-
Grapefruit blossom perfume Hanoi's air
-
MICE tourism: Vietnam's lucrative “golden market” unveiled
-
Vietnam: Sleep Tourism on the rise