Retailer Imex Pan Pacific Group to launch cargo airline


Retail company Imex Pan Pacific Group is looking to start a cargo airline by next year. IPP Air Cargo will have 30 percent of its VND2.4 trillion ($103.6 million) capital contributed by the company and 70 percent by other investors, according to a proposal is sent to the Vietnamese Ministry of Planning and Investment.

Starting with five aircraft in the first year, the airline will expand its fleet to seven in the second and 10 in the third. It eyes a maiden flight in the second quarter next year and breaking even in the fourth year of operation.

The chairman of IPPG, Johnathan Hanh Nguyen, will also be the airline’s chairman. He used to be a financial inspector at Boeing Subcontractors and Indochina chief representative of Philippines Airlines.

He is currently the chairman of SASCO (Southern Airports Services Joint Stock Company), a service provider at Tan Son Nhat International Airport, and of the Cam Ranh International Terminal in the central province of Khanh Hoa.

IPPG, established 35 years ago, distributes popular international brands like Nike, Mango, and Calvin Klein in Vietnam.

READ ALSO  LATAM Airlines adds Falkland Islands flights
xyz xyz
Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.