Vietravel Airlines No Longer Has Foreign Shareholders After License Update

Vietravel Airlines, based in Vietnam, has had its air transport business license re-issued by the country’s Ministry of Transport, a process that has resulted in the airline no longer having any foreign shareholders. This license update signifies a shift in the airline’s ownership structure, positioning it as a fully domestic entity in Vietnam’s aviation market. The removal of foreign shareholders is likely aligned with regulatory adjustments or strategic decisions by Vietravel Airlines to enhance its local presence and comply with domestic ownership regulations.