ENTERPRISES PROVIDING AVIATION SERVICES MUST HAVE MINIMUM CAPITAL OF VND 100 BILLION
At the Decree No. 102/2015/ND-CP dated October 20, 2015 on management and operation of airports and airfields, the Government prescribed that the minimum capital for establishment and operation of airport enterprises, enterprises providing aviation services at the airport/airfield is VND 200 billion for Enterprises operating at international airports and VND 100 billion for Enterprises operating at domestic airports.
Besides, aviation services such as passenger terminal operation services; air operations area services; cargo terminal and depot operation services; air navigation services, including air traffic control services, aeronautical information, guiding, supervision services; aviation meteorology services, aeronautical information services; search and rescue services; aviation fuel supply services; aircraft repair and maintenance services; in-flight food and drink services… must have minimum capital of VND 30 billion; the minimum capital of VND 10 billion is applicable for aviation equipment repair and maintenance services; technical aviation services and aviation security services.
For enterprises providing passenger/cargo terminal operation services, aviation fuel supply services, ground services, ratio of foreign capital to charter capital must not exceed 30%. Similarly, for airport enterprises and enterprises providing air operations area services, information, guiding, supervision services, and aviation meteorology services, the ratio of state capital to charter capital must not fall below 65% and the ratio of foreign capital to charter capital must not exceed 30%.
This Decree takes effect on December 12, 2015 and replaces the Decree No. 83/2007/ND-CP dated May.
