VietJet Air, Boeing Strike $11.3 Billion Deal

Tuan Minh

14:29 23/05/2016

BizLIVE - Vietnam’s budget carrier VietJetAir and Boeing have closed an airplane purchase deal worth $11.3 billion.

VietJet Air, Boeing Strike $11.3 Billion Deal

Boeing CEO Ray Conner and VietJet Air CEO Nguyen Thi Phuong Thao sign the $11.3 billion contract. (Photo: VnEconomy)

VietJet Aviation JSC (VietJet Air) and Boeing have struck a deal under which the Vietnamese budget carrier will purchase 100 737 MAX 200 airplanes at a value of $11.3 billion at current list prices.
The deal was signed on Monday morning in the presence of Vietnamese President Tran Dai Quang and U.S. President Barack Obama, who has initiated a three-day visit to the Southeast Asian country.
The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, advanced technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
The new single-aisle airplane will deliver 20% lower fuel use than the first Next-Generation 737s.
The airplanes will be delivered to VietJet Air from 2019 until 2023, enabling the carrier to extend the domestic network as well as international network in the region.
This agreement helps VietJet Air to expand the fleet to more than 200 aircraft at the end of 2023.
On the same day, VietJet Air signed an agreement worth $3.04 billion with Pratt & Whitney of United Technologies Corp. for the supply of aircraft engines to power the airline’s newly order of aircraft A320NEO and A321NEO as well as technical and maintenance service for this fleet.
Privately-run VietJet Air now operates more than 250 flights each day on 50 routes in Vietnam and across the region to international destinations such as Thailand, Singapore, South Korea, Taiwan, China, Myanmar and Malaysia.

TUAN MINH

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