Sun Phu Quoc Airways is set to make its debut in the fourth quarter of 2025, marking a new venture for the Vietnamese real estate and hospitality conglomerate, Sun Group. The airline, approved by Vietnamese Prime Minister Pham Minh Chinh, will be known as Sun Phu Quoc Airways and is expected to kick off with an initial investment of 2.5 trillion dong ($96 million). The aim is to have the first flight take off by the end of 2025, as reported by the official Vietnam News Agency (VNA).
Expanding Fleet and Market Share
With the aviation market in Vietnam on the rise post-Covid, the competition is heating up among airlines looking to capture a piece of the growing market. Sun Phu Quoc Airways will join the ranks of other airlines like Vietnam Airlines, VietJet, Bamboo Airways, and Vietravel Airlines in offering both commercial and charter flights to passengers. The plan is to expand the fleet to 31 aircraft by 2030, catering to the increasing demand for air travel in the country.
Sun Group’s Existing Services
Sun Group, the mastermind behind Sun Phu Quoc Airways, is no stranger to the aviation industry. The conglomerate already operates Sun Air, a luxury airline that provides premium private jet services to affluent clientele. With the launch of Sun Phu Quoc Airways, Sun Group is looking to diversify its aviation portfolio and tap into the growing tourism market in Vietnam.
Tourism Boom in Vietnam
Vietnam has seen a significant increase in visitor numbers, with a 23% year-on-year growth in the first four months of the year. This influx of tourists, totaling 7.7 million arrivals, signals a promising outlook for the tourism industry in the country. Sun Phu Quoc Airways aims to capitalize on this growth by offering more options for travelers looking to explore Vietnam’s diverse attractions.
In conclusion, the debut of Sun Phu Quoc Airways marks an exciting development in the Vietnamese aviation industry. With plans to launch operations by the end of 2025 and expand its fleet in the coming years, the airline is poised to make a significant impact on the market. As Vietnam continues to attract more visitors and the demand for air travel rises, Sun Phu Quoc Airways is well-positioned to carve out its place among the country’s leading airlines.
