Air Mekong, Vietnam's third private airline, received its Air Operator's Certificate from the Civil Aviation Administration of Vietnam (CAAV) in southern Kien Giang Province on Friday.
On the same day, the carrier also launched its first two routes, Hanoi – Phu Quoc and Ho Chi Minh City – Phu Quoc.
"The Vietnamese aviation market is dramatically developing. The aviation demand, especially for domestic flights, will increase considerably in the next few years," said CAAV deputy director Dinh Viet Thang.
"The introduction of Air Mekong is essential to meeting market demand, diversifying aviation services and increasing competitiveness," Thang said.
"The CAAV's certificate will open up a new page for our development", said Air Mekong chairman Doan Quoc Viet.
Air Mekong would start commercial operations since Saturday with eight flights from Hanoi and HCMC to Phu Quoc, Con Dao, Buon Me Thuot, Pleiku, Viet said, adding that they would expand operations to 10 flights from November including destinations of Dalat in the Central Highlands and Danang City.
The airline has launched a promotional offer until November 9 with 1,000 tickets at prices ranging from VND400,000 to VND1.2 million (US$20.50-61.50) for flights on all its domestic routes. Tickets are on sale at travel agents and via Air Mekong's website and customer care centers.
Air Mekong was established in 2009 by Ha Long Investment and Development Co and is based at Phu Quoc Airport. The existing two private carriers operating in Vietnam are Indochina Airlines and VietJet AirAsia.
The CAAV said there were also a number of other organisations and individuals planning to launch airlines. To qualify, private operators must have a charter capital of at least VND500 billion ($26.3 million) to fly internationally and VND200 billion ($10.5 million) to launch domestic flights. They must also meet strict aviation and security standards.
Officials announced Monday that Air Mekong, the nation’s nascent luxury airline, is planning its first flight on October 10.