Saigon Ground Services Joint Stock Company (SAGS) has decided to establish Saigon Ground Services Company Limited – Long Thanh with a charter capital of 333 billion VND, of which SAGS holds 75% of shares. The new company will invest and operate in the field of aircraft maintenance and repair at Long Thanh Airport, with 2 construction packages worth approximately 781 billion VND, scheduled for 18 months. SAGS Chairman, Nguyen Cao Cuong, will also hold leadership positions in the new company. In 2024, SAGS recorded a revenue of 1.518 trillion VND, up 4% from the previous year. However, the domestic passenger volume decreased due to the termination of cooperation with Bamboo Airways, while international passenger traffic grew strongly.
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