It was the first operational private airline based in Vietnam, originally licensed in May 2008 as Air Speed Up (Vietnamese: Hãng hàng không Tăng Tốc).

[2] After a series of difficulties, including unresolved debts and a decrease in customers, Indochina Airlines ceased flying on November 25, 2009; its schedule was revoked two days later.

Instead of continuing to compete in the commercial aviation sector, the airline has set a goal of becoming a reliable partner for businesses and individuals in Vietnam who need to send goods internationally.

At the same time, the airline is constantly investing in technology and infrastructure to meet the increasing demands of the global logistics market.

With this transformation, Indochina Airlines hopes to affirm its new position in the transportation industry, while contributing to the development of Vietnam's logistics sector on the international map.