Vietnam Carriers Ink $6.5 Billion Deals to Buy 40 Airbus Planes

Tuan Minh

14:41 06/09/2016

BizLIVE - Three Vietnamese carriers have signed deals worth $6.5 billion with Airbus to purchase 40 aircraft from the French manufacturer.

Vietnam Carriers Ink $6.5 Billion Deals to Buy 40 Airbus Planes

Vietnam Airlines has signed deal to buy 10 Airbus A350 jets. Photo:

Three Vietnamese airlines have signed agreements to acquire 40 airplanes worth up to $6.5 billion from France-based Airbus on September 6 during President Francois Hollande’s visit to Vietnam, according to AFP.
Budget private airline VietJet Air placed an order for 20 more A321s, which are valued at $2.39 billion at current list prices and are scheduled for delivery between 2017 and 2020, the carrier said in a press release.
National flag carrier Vietnam Airlines will purchase 10 Airbus A350 planes while its low-cost arm Jetstar Pacific, in which it holds a 70% stake, will buy 10 Airbus A320 jets.
It is the first deal between Airbus and Jetstar Pacific, which said in July it was planning to buy the 10 single-aisle A320 aircraft.
VietJet Air, whose fleet has been expanded rapidly to 34 planes recently, inked a deal to purchase 100 passenger jets from U.S. aircraft maker Boeing for $11.3 billion in May. The deal was signed during a visit by U.S. President Barack Obama.
Founded in 2007, VietJet Air currently operates more than 250 flights per day on 50 routes in Vietnam and to international destinations. Its rapid expansion has eaten into the domestic market share of Vietnam Airlines.