Vietnam Time

5/23/2016 7:10:07 PM

Budget carrier signs giant deal with Airbus

Vietnam’s budget carrier Vietjet Air and Boeing have completed an order for 100 737 MAX 200 airplanes, at a value of about USD11.3 billion.

The historic agreement was signed on May 23rd in the presence of Vietnamese State President Tran Dai Quang and US President Barack Obama, who has initiated a three-day visit to the Southeast Asian country.

The signing ceremony in the presence of Vietnamese President Tran Dai Quang and US President  Barack Obama. (Photo:

Mr. Ray Conner, Chief Executive Officer of Boeing Commercial Airplanes, said, “Incorporating the latest design and technology features, the highly efficient 737 MAX will provide Vietjet’s growing network with market-leading economics, a superior passenger experience and contribute significantly to their future success.”

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 percent lower fuel use than the first Next-Generation 737s.

The airplanes in this purchase will be delivered to Vietjet Air from 2019 until 2023, supporting Vietjet Air to continuously extend its domestic network as well as international network in the region.

President and CEO of Vietjet Air Nguyen Thi Phuong Thao ‎shared that the investment in a fleet of B737 Max 200 aircraft will accommodate the carrier’s strategy of growing Vietjet's international route network, including long haul flights.

This agreement helps Vietjet Air to increase its fleet to more than 200 aircraft by the end 2023, with the most modern and advanced technology in the world.

On the same day, the carrier also signed a deal valued at USD3.04 billion with Pratt & Whitney of United Technologies Corp. for the supply of aircraft engines to power the airline’s new order of A320NEO and A321NEO aircraft, as well as technical and maintenance service for this fleet./.

  ( Compiled by VNF )
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