Vietnam buys more planes
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Many companies in the region are lining up to buy new planes, said Pham Ngoc Minh, vice president of Vietnam Airlines and chairman of VALC. “If we don’t make a quick and bold move now, the delivery of the planes would have to be pushed back further,” Minh was quoted saying.
VALC is a consortium of five large state-owned Vietnamese companies, including Vietnam Airlines which is the biggest stakeholder with 23 percent. VALC will lease its 787s to Vietnam Airlines when the planes are delivered in 2014.
Vietnam Airlines now has 46 aircraft in its fleet. With Vietnam’s rapid rate of economic growth, Minh said the company might have to purchase even more aircraft.
In September, Vietnam Airlines signed a memorandum of understanding with Airbus to buy 10 A350-900 plus 20 smaller A321s.
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