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Monday 3 November 2014

Air Costa signs MoU with VietJet on tapping biz opportunities

Mumbai: Regional carrier Air Costa today said it has signed a memorandum of understanding (MOU) with Vietnamese largest budget airline VietJet to initiate discussions on exploring future business opportunities including a possible code-share arrangement with the latter.

The signing of MoU took place during the "India-Vietnam Trade & Investment forum", which was organised by the three prime industry bodies- CII, FICCI and ASSOCHAM- in New Delhi and it coincided with the ongoing visit of the Prime Minister of Vietnam Nguyen Tan Dung to India, Air Costa said in a release.


"The agreement targets exploring opportunities such as code sharing, partnership and financial collaboration," Air Costa chairman Lingamaneni Ramesh said.

VietJet flies between Vietnam's major cities -- Ho Chi Minh City, Ha Noi, Hai Phong, and Da Nang besides key Asian destinations such as Singapore, Bangkok, Seoul, and Busan.
Read news in full 28/10/14 PTI/Economic Times

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