Establishment of Crystal Bay Airlines (CBAIR)

Brief information about Crystal Bay Airlines (CBAIR):

Full name: Crystal Bay Airlines Joint Stock Company (CBAIR)

Established: November 6, 2025

Head office: Crystal Bay Tourism Group, No. 2A To Huu Street, Nam Nha Trang Ward, Khanh Hoa Province, Vietnam.

Charter capital: VND 300 billion

Main business: Air passenger transportation (aviation services).

Major shareholders:

• Crystal Bay Tourism Group: 94% of charter capital

• Mr. Nguyen Duc Chi: 5% of charter capital

• Mr. Bui Tuong Chi: 1% of charter capital

Legal representatives:

• Mr. Nguyen Duc Chi – Chairman of the Board of Directors

• Mr. Bui Tuong Chi – Chief Executive Officer (CEO)

Contact:

• Address: 11A Floor, No. 2 To Huu Street, Nam Nha Trang Ward, Khanh Hoa Province, Vietnam

• Hotline: +84 983 008 079

• Email: [email protected]

Over many years, Vietnam’s tourism industry has experienced rapid growth in visitor numbers but continues to face a structural challenge: heavy dependence on foreign airlines and the absence of an aviation model specifically designed for package tourism. When the “aviation gateway” is not under domestic control, the tourism value chain is difficult to optimize, and domestic value added becomes fragmented.

In that context, the emergence of Crystal Bay Airlines (CBAir) is not an impulsive move, but rather the inevitable result of the long-term development process of Crystal Bay Vietnam (CBV) — an international tour operation company within the ecosystem of Crystal Bay Group (CBG).