Vietnam to raise airline foreign ownership cap, carriers to further adjust operations
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Vietnam is considering raising the foreign ownership cap for domestic airlines from 34% to 49% to attract investment and enhance operational capabilities. This change aligns with Vietnam's commitments under free trade agreements. The move comes as local airlines face challenges due to rising jet fuel costs, which have surged by 88% since the Iran war began, prompting carriers to adjust operations to optimize costs.
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Source: CNA The copyright of this article belongs to the original author/organization.
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