VietJet signs for USD12.7 billion of Boeing aircraft

Vietjet president & CEO Nguyen Thi Phuong Thao and Kevin McAllister, president & CEO of Boeing Commercial Airplanes

Back in May I reported that VietJet’s fleet expansion had been the significant contributing factor in the company’s successful opening quarter of 2018, when the airline generated USD 60 million in profit. Now VietJet and Boeing have reached agreement for the addition of 100 B737 MAX aircraft worth a whopping US$12.7 billion.

The new order, signed yesterday at the Farnborough International Airshow, comes on the back of a similar extant contract with Boeing, also for 100 B737 MAX, set for delivery between 2019 and 2023.

“Today’s agreement… validates the best-in-class capabilities of the 737 MAX”

“We are honoured to deepen our strong partnership with VietJet as they become our newest 737 MAX 10 customer. Today’s agreement for a repeat order from VietJet validates the best-in-class capabilities of the 737 MAX family of airplanes,” said Kevin McAllister, president and CEO of Boeing Commercial Airplanes.

The new aircraft will help build VietJet’s network of airline alliances across the APAC region and worldwide and further enhance the airline’s fleet synchronisation, modernisation and fuel efficiency up to 2025. The deal is also expected to increase bilateral trade turnover between Vietnam and the United States, the home of Boeing.

“With this agreement, we take another major step in growing our partnership with VietJet, one that continues to contribute to the trade relationship between Vietnam and the United States. This agreement also grows Boeing’s presence and partnerships across Asia Pacific, developing win-win partnerships in a region with tremendous development potential,” added McAllister.

According to the content of the deal Boeing has agreed to range of partnership drives in Vietnam in order to “develop modern aviation service ecology” which will include maintenance, repair and overhaul (MRO), training for pilots, technicians, and engineers.

On top of this, Boeing has also committed to a building training programmes focusing on management and automation – which will be available for all Vietnamese airlines and aviation organisations in the country.

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