Vietnam Air Services Company (VASCO) (Vietnamese: Công ty bay dịch vụ hàng không) is an airline in Vietnam headquartered in Tân Bình, Ho Chi Minh City. Operating scheduled flights from its base at Tan Son Nhat International Airport in the south of the country, VASCO is a fully owned subsidiary of Vietnam Airlines. It also conducts charter flights, medical evacuations, SAR operations, oil platforms flights, and other aviation services.

VASCO was established by government directive in 1987, and was originally a part of Vietnam Airlines, the national carrier. It began scheduled passenger flights independently of Vietnam Airlines in 2004, and approval has been given for it to be partially privatized. It has been reported that Vietnam Airlines wishes to use VASCO as a basis for a low-cost carrier, established in conjunction with foreign partners.

VASCO currently flies to nine destinations in Vietnam.

The fleet consists of the following aircraft :

It is believed that Vietnam Airlines, VASCO's parent company wants to change the airline into a low-cost model, therefore changing VASCO's operational name to Viet Air. It is also believed that the airline would be serving domestic flights within Vietnam to destinations that are low-yielding as well as competing head on with Jetstar Pacific and VietJet Air. Vietnam Airlines would add more aircraft to Viet Air's fleet if the plans are materialized.

From the news in April, 2016, Vietnam Airlines announced the establishment of the new VNĐ300 billion (US$13.4 million) airline early last month, based on the restructuring of its subsidiary, Vietnam Air Services Company, or VASCO to a new brand: SkyViet

...
Wikipedia