Investment policy approval for Sun PhuQuoc Airways project by Sun Group
On May 20, 2025, the Prime Minister signed Decision No. 979/QĐ-TTg, officially granting investment approval and recognizing the investor for the Sun PhuQuoc Airways project.
According to the decision, the investor is Sun PhuQuoc Aviation Company Limited, a subsidiary of Sun Group. The project is titled “Sun PhuQuoc Airways – SPA.” Under the approved plan, SPA is expected to operate a fleet of 31 aircraft by 2030. The total investment capital is VND 2,500 billion (approximately USD 98.81 million).

The aim of this project is to establish a new airline with a core business model focused on commercial passenger transport, while also offering charter flight services to serve tourists traveling to major tourism and business destinations in Vietnam and around the world, particularly well-known island resorts and dynamic financial hubs.
In particular, SPA is envisioned with the mission of bringing international visitors to Phu Quoc Island. The presence of an additional airline operating routes to Phu Quoc is also expected to enhance accessibility and convenience for domestic travelers.
The Prime Minister’s official approval of the investment policy marks an important milestone for Vietnam’s aviation industry and the development of tourism in Phu Quoc. Alongside other carriers, Sun PhuQuoc Airways is expected to further connect Phu Quoc – ranked the world’s second most beautiful island after the Maldives – with both domestic and international travelers.

The first commercial flights by SPA are scheduled for the fourth quarter of 2025, linking Phu Quoc with major economic and tourism centers nationwide and internationally.
In parallel, Sun Group is also operating Sun Air, a premium general aviation service offering personalized private jet flights for luxury travelers.