New Vietnam Airline Bets Tourism Boom Can Offset Crowded Skies

Startup Vietnamese carrier Sun PhuQuoc Airways plans to acquire a total of 100 Airbus SE and Boeing Co. jets within five years as it seeks to break into the country’s fast expanding tourism market and crack the nation’s congested skies.

The airline, which begins commercial flights Nov. 1, expects to serve at least 20 million passengers and have annual revenue of about $2 billion by 2030, Chief Executive Officer Nguyen Manh Quan said in an interview in Hanoi. It will leverage parent resort conglomerate Sun Group to offer travel packages as the nation draws more foreign tourists, he said.

“Our ...