The US Whitehouse has disclosed details of a $7.8 billion deal brokered by US manufacturer Boeing with Vietnamese national carrier Vietnam Airlines. The landmark agreement is for the purchase of 50 new Boeing 737 MAX aircraft.
Whilst the Whitehouse did not disclose the specific number of aircraft on order, Vietnamese state media sources subsequently stated the number of aircraft involved in the deal to be 50 of the Boeing new generation narrowbody jets.
Recent meeting of US-Vietnam heads of state
In a historic meeting at the Office of the Government in Hanoi, Vietnam, US President Joe Biden and Prime Minister Pham Minh Chinh came together to discuss and solidify the new U.S.–Vietnam Comprehensive Strategic Partnership.
This meeting not only marks a significant moment in diplomacy but also carries far-reaching implications for economic cooperation, technological advancement, and job creation.
In their subsequent statement, the Whitehouse welcomed the newly brokered purchase agreement between the US aircraft manufacturing giant and the Vietnamese national flag carrier.
Boeing and Vietnam Airlines
During the meeting, President Biden and Prime Minister Chinh celebrated a monumental deal between Boeing and the Vietnamese national carrier, valued at a staggering $7.8 billion. This deal will not only see the acquisition of state-of-the-art aircraft but also translate into a substantial economic impact.
More than 30,000 jobs in the United States will be supported through this agreement, reinforcing the notion that international partnerships can lead to domestic prosperity.
About Vietnam Airlines
Vietnam Airlines (VNA) is the flag carrier of Vietnam. It is headquartered in Hanoi, Vietnam and operates a fleet of over 100 aircraft flying to over 140 destinations in Asia, Europe, North America, and Australia.
The airline was founded in 1956 and later established as a state-owned enterprise in April 1989. The airline has won numerous awards for its safety, service, and innovation, including being named one of the world’s top 25 airlines by AirlineRatings.com in 2023.
“In line with our 2025-2030 fleet strategy and a vision to 2035, aircraft investment is a crucial project that underpins positive recovery momentum and prosperous outlook for the airline, said Dang Ngoc Hoa, Chairman of the Board of Directors of Vietnam Airlines.
“The new narrow-body fleet will allow us to foster our overall development and extend our high-quality service on Vietnam Airlines’ domestic and Asian routes, as well as modernize our fuel-efficient fleet.”
“Southeast Asia is one of the world’s fastest growing aviation markets, and the 737 MAX is the perfect airplane for Vietnam Airlines to efficiently meet that regional demand,” said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing.
“We value our historic partnership with Vietnam Airlines, dating back to 1995 when the airline first leased 767s.”
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