Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade BTCUSD, Bitcoin and Cryptocurrencies

BUY & SELL BTCUSD | View BTCUSD News & Updates

Buy Sell BTCUSD, Bitcoin and Cryptocurrencies

Airplane maintenance company opens doors   2009-02-24 - VietNamNet/Viet Nam News

Vietnam Airlines Engineering Ltd Co (Vaeco), which will now be the country's largest firm specialising in airplane maintenance, officially opened its door yesterday.

Charter capital for the firm totals VND420 billion (US$24 million), and it has received its VAR 145 aeroplane maintenance certificate to ensure operations will be adequate to meet domestic regulations.

Speaking at the ceremony yesterday, Deputy Director of the Civil Aviation Administration of Viet Nam (CAAV) Lai Xuan Thanh said: "Vaeco belongs to the development strategies of the national aviation industry in the coming future, because airplane maintenance is the backbone of the aviation industry."

Thanh added that domestic airlines needed to have their fleets serviced and maintained by foreign firms in the past due to a lack of local capacity for this work. He also promised CAAV would give support to help Vaeco become one of the best technical centres in the ASEAN region.

Vietnam Airlines General Director Pham Ngoc Minh said: "Vaeco will provide technical aviation services for approximately 150 domestic aeroplanes till 2020 and also expand to servicing regional airlines."

Minh added: "The domestic aviation market has been affected seriously by the global economic crisis. However, this is the appropriate period for airlines to upgrade the quality of their training, servicing and facilities to prepare for a potential recovery market in coming years".

According to Vaeco, the company will be improving its technical system and will work towards getting certified at the international European standard which is EASA/ FAR 145.

The standard is issued according to regulations of the European Aviation Safety Agency for the aircraft maintenance sector, establishing the requirements to be met for approval for the maintenance of an aircraft and its components.

Other news

Banks’ profit mainly comes from services   2009-02-24

Foreign experts assess tax reforms   2009-02-24

Index continues to plumb depths   2009-02-24

Indochina Capital denies capital withdrawal from Vietnam   2009-02-24

Management of personal income tax faces many risks   2009-02-24

Who pushes the gold price up to the peak?   2009-02-24

Bilateral trade with US manages to top $15bil in 2008, despite crisis   2009-02-24

Where to inject money in economic recession?   2009-02-24

SSI tops brokers; SSC denies rumours   2009-02-24

How long will shares be under control?   2009-02-24

Banks’ profit mainly comes from services   2009-02-24

No light yet at the end of tunnel for HCMC stocks   2009-02-24

Office rent coming down   2009-02-24

Textile, garment sector needs trademark   2009-02-24