Vietnam's VietJet Signs $11 Billion, 100-Plane Order With Boeing
May 23 2016 - 1:39AM
Dow Jones News
By James Hookway
HANOI--Vietnamese carrier VietJet Aviation JSC said Monday that
it had signed a $11.3 billion deal to buy 100 planes from Boeing
Co. on the sidelines of U.S. President Barack Obama's visit to the
country.
In a statement, the company said Mr. Obama and Vietnamese
President Tran Dai Quang witnessed the signing of the deal. Under
the agreement, VietJet will delivery of the Boeing 737 MAX 200
aircraft from 2019 to 2023. The orders will double VietJet's fleet
to more than 200 by the end of 2023, the company said.
"Our investment in a fleet of B737 MAX 200 (planes) will
accommodate our strategy of growing VietJet's coming international
route network, including long haul flights," said VietJet President
and Chief Executive Nguyen Thi Phuong Thao.
The low-cost carrier began flying 2011 and is now expanding both
domestically and internationally to meet growing demand. The
Vietnamese market alone has grown 20% in each of the past three
years, the airline said.
Until now, VietJet had largely been an Airbus Group SE (AIR.FR)
customer, usually buying A320 jets, which compete with the Boeing
737 MAX 200 planes.
Write to James Hookway at james.hookway@wsj.com
(END) Dow Jones Newswires
May 23, 2016 01:24 ET (05:24 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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