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Vietjet-Boeing sign $11.3 billion agreement

Released at: 17:54, 23/05/2016

Vietjet-Boeing sign $11.3 billion agreement

Biggest contract in Vietnam-US trade history signed during President Barack Obama's visit to Vietnam.

by Ngoc Chi

Vietjet Air has signed an agreement with Boeing to purchase 100 737 MAX 200 aircraft costing $11.3 billion; the biggest agreement signed in the history of trade relations between Vietnam and the US.

Chairman and CEO of Vietjet Ms. Nguyen Thi Phuong Thao and Boeing Commercial Airplanes President and CEO Mr. Ray Conner signed the agreement in the presence of President Tran Dai Quang and President Barack Obama and senior officials from the two countries.

“Boeing is proud to again play an integral role in advancing Vietnam’s aviation industry,” Mr. Conner said. “Incorporating the latest design and technology features, the highly efficient 737 MAX 200 will provide Vietjet’s growing network with market-leading economics and a superior passenger experience and contribute significantly to their future success.”

Ms. Thao said that Vietjet is operating its narrow-bodied aircraft fleet efficiently and the investment in the B737 Max 200s will serve its development strategies for international routes in the future.

“Through this agreement Vietjet will contribute to increasing trade turnover between Vietnam and the US and strengthen Vietnam’s aviation integration,” she said.

The aircraft are to be delivered from 2019 to 2023.

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