Vietnam inks $21-billion aviation deals with Boeing, GE
Two Vietnamese budget airlines signed $20.9 billion worth of deals on February 27 to purchase planes from Boeing and engines from General Electric (GE) on the sidelines of the summit between US President Donald Trump and North Korean leader Kim Jong-un.
VietJet Air’s realised plans to buy 100 Boeing 737 Max jets valued at $12.7 billion, adding to the package a $5.3-billion agreement with GE to provide and service the company’s Leap-1B engines.
For VietJet, the purchase was “an important move to keep up with our international flight network expansion plan with a higher capacity,” CEO Nguyen Thi Phuong Thao said. The airline serves nearly 100 routes in Southeast and Northeast Asia and is looking at new destinations in Australia and India as it attempts to grow in the Asia-Pacific region and beyond.
Meanwhile, Bamboo Airways, a new carrier launched in January, also signed a contract to buy ten Boeing 787-9 Dreamliners worth more than $2.9 billion. The carrier’s parent, property and leisure company FLC Group, agreed last year to buy 24 Airbus SE A321neo planes worth $3.2 billion at list price.
Bamboo Airways is looking to open routes to the US, which would be the first time a Vietnamese carrier could fly and codeshare with US airlines. The Federal Aviation Administration earlier this month declared Vietnam in compliance with international aviation standards.
In addition, Vietnam Airlines is buying $100 million in services and technology from Sabre Corp, a US company focusing on air travel booking technology.
Two Vietnamese budget airlines signed $20.9 billion worth of deals on February 27 to purchase planes from Boeing and engines from General Electric (GE) on the sidelines of the summit between US President Donald Trump and North Korean leader Kim Jong-un. VietJet Air’s realised plans to buy 100 Boeing 737 Max jets valued at $12.7 billion, adding to the package a $5.3-billion agreement with GE to provide and service the company’s Leap-1B engines. For VietJet, the purchase was “an important move to keep up with our international flight network expansion plan with a higher capacity,” CEO Nguyen Thi Phuong Thao...
Two Vietnamese budget airlines signed $20.9 billion worth of deals on February 27 to purchase planes from Boeing and engines from General Electric (GE) on the sidelines of the summit between US President Donald Trump and North Korean leader Kim Jong-un.
VietJet Air’s realised plans to buy 100 Boeing 737 Max jets valued at $12.7 billion, adding to the package a $5.3-billion agreement with GE to provide and service the company’s Leap-1B engines.
For VietJet, the purchase was “an important move to keep up with our international flight network expansion plan with a higher capacity,” CEO Nguyen Thi Phuong Thao said. The airline serves nearly 100 routes in Southeast and Northeast Asia and is looking at new destinations in Australia and India as it attempts to grow in the Asia-Pacific region and beyond.
Meanwhile, Bamboo Airways, a new carrier launched in January, also signed a contract to buy ten Boeing 787-9 Dreamliners worth more than $2.9 billion. The carrier’s parent, property and leisure company FLC Group, agreed last year to buy 24 Airbus SE A321neo planes worth $3.2 billion at list price.
Bamboo Airways is looking to open routes to the US, which would be the first time a Vietnamese carrier could fly and codeshare with US airlines. The Federal Aviation Administration earlier this month declared Vietnam in compliance with international aviation standards.
In addition, Vietnam Airlines is buying $100 million in services and technology from Sabre Corp, a US company focusing on air travel booking technology.
