Indochina Airlines

Establishment

The company was first incorporated and licensed as "Air Speed Up" in May 2008. The Vietnamese name, Tăng Tốc, as spelled, means "speed up"; however, if written without accents (i.e., Tang Toc), the name could be interpreted as "death and grief" (Tang Tóc). For this reason, the company applied for a name change soon after it was licensed. Initially, company chairman Hà Hùng Dũng planned to purchase the Viet Airways brand owned by Jetstar Pacific Airlines, but Jetstar Pacific declined the sale, citing the desire to develop the Viet Airways brand in the future.

Realizing the great potential in the field of international logistics, Indochina Airlines embarked on restructuring, shifting its operations to international cargo transportation. Instead of continuing to compete in the commercial aviation sector, the airline has set a goal of becoming a reliable partner for businesses and individuals in Vietnam who need to send goods internationally.

Indochina Airlines is actively rebuilding its brand image by expanding partnerships with international carriers. At the same time, the airline is constantly investing in technology and infrastructure to meet the increasing demands of the global logistics market. With this transformation, Indochina Airlines hopes to affirm its new position in the transportation industry, while contributing to the development of Vietnam's logistics sector on the international map.

Destinations

Indochina Airlines ended service to all destinations in November 2009. While active, it served the following destinations:

• Vietnam
  • Da Nang – Da Nang International Airport
  • Hanoi – Noi Bai International Airport
  • Ho Chi Minh City – Tan Son Nhat International Airport (Base)

Fleet

The Indochina Airlines fleet, at its peak, consisted of two wet-leased Boeing 737-800s. Due to financial problems, the airline's last remaining aircraft was returned to its lessor Travel Service Airlines on November 25, 2009. Indochina Airlines was officially declared bankrupt on December 15, 2009.

In December 2011, the Ministry of Transport officially revoked the license of Indochina Airlines.

File:Indochinaairlines.jpg|An Indochina Airlines Boeing 737-800 at Tân Sơn Nhất Intdernational Airport, Vietnam. (2009) File:IndochinaAirlines2.jpg|An Indochina Airlines Boeing 737-800 at Tân Sơn Nhất Intdernational Airport, Vietnam. (2009)

References

References

1. [http://e.maivoo.com/Business/Indochina-marred-by-problems-from-the-start/4563.html Indochina marred by problems from the start]. LifeinVN.
2. (2008-10-22). "Indochina expected to take off in November". vnbusinessnews.
3. [http://english.vietnamnet.vn/biz/2008/08/799591/ Air Speed Up wants to change name] {{webarchive. link. (February 17, 2009 . VietnamNet Bridge.)
4. "Hãng hàng không "Hà Dũng" trả chiếc máy bay cuối cùng - Sự kiện trong ngày - Dân trí".
5. [http://vnexpress.net/GL/Kinh-doanh/Kinh-nghiem/2008/10/3BA079A7/ vnexpress]
6. "Indochina Airlines Fleet".
7. vietnam.vn. (2023-07-15). "Which Vietnamese airlines have gone bankrupt?".