AirBridgeCargo (ABC), a subsidiary of Russian airline conglomerate Volga-Dnepr Group, has launched a new 747-freighter service to Ho Chi Minh City. The move connects Vietnam to ABC’s international network – guaranteeing “48-hour delivery times, including ground handling,” to anywhere ABC flies out of its Moscow hub.

Buoyed by a fast-growing economy and increasing demand for long-range passenger services, Boeing (NYSE: BA) projects that airlines in Southeast Asia will need 940 wide-body aircrafts over the next 20 years, which will cost approximately $280 billion.

Vietnam's economic prospects are still optimistic due to favorable conditions both domestically and internationally.

The 74th International Air Transport Association (IATA) Annual General Meeting was officially opened on June 4 in Sydney, New South Wales, Australia.

The majority, some 61%, of heads of cargo and airline chief finance officers expect their level of profitability to improve further over the coming 12 months.