Loan interest

Aviation association demands interest-free loans for private airlines

By Thi Ha December 3, 2021 | 14:27 GMT + 7

Plane seen at Tan Son Nhat International Airport in April 2020. Photo by VnExpress / Quynh Tran

The Vietnam Aviation Business Association has called on the government and the National Assembly to provide interest-free loans of 4000-6000 billion dong (176-263 million dollars) to private airlines.

He also wanted commercial loans of 25,000 to 30,000 billion dong to be granted to them, with the government subsidizing 4 to 5% of the interest.

Vietnam has two private airlines, Vietjet and Bamboo Airways.

The state-owned Vietnam Airlines received an interest-free loan of dong 4 trillion in June.

Bui Doan Ne, vice president of VABA, said the aviation industry is the key to economic recovery.

Vietnamese airlines are in dire straits due to the pandemic as their revenues have fallen by 80 to 90 percent.

VABA has also called for a reduction in the environmental tax on jet fuel to the minimum level of 1,000 VND per liter from the current 3,000 VND and a halving of service charges at airport terminals next year. on domestic roads to stimulate travel.

Domestic airlines served 13.5 million passengers in the first 11 months, down 53.5% year-over-year. They carried 0.3 million tonnes of cargo, down 5.9% year-on-year.

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