This week has been a big milestone for VietJet as they have secured funding via Carlyle Aviation Partners for its 200 Boeing 737 MAX aircraft on order.
Such a memorandum of understanding was signed in Hanoi during the official presidential visit of Joe Biden earlier this week.
Without further ado, let’s get into it…
VietJet Secures Funding For 200 Boeing 737 MAX Aircraft…
This deal represents one of the largest commercial contracts between Vietnam and the United States.
Emphasising more on this was Robert Korn, the Co-Founder & President of Carlyle Aviation Partners:
“Carlyle Aviation Partners has been a long-term strategic partner of Vietjet“.
“We are pleased to accompany and witness Vietjet’s significant growth over the last decade.”
“The airline has offered passengers reasonable fares and convenient travel options; thus contributing positively to the aviation and tourism development; also fostering investment between Vietnam and the international community.”
The first delivery of 12 aircraft will be scheduled for 2024, and are destined to the Thai subsidiary of VietJet.
For the overall 200 Boeing 737 MAX aircraft ordered, these are expected to be delivered over a five year period.
This $550m deal signed between the two sides enables VietJet to keep costs low, and be able to provide affordable fares to customers with these aircraft.
Air travel in the Asia Pacific region continues to explode in demand, meaning that orders like this need to be facilitated.
Looking ahead, all eyes will be on the Vietnamese carrier to see how operations go with its first Boeing 737 MAX aircraft.