Air­bus to sup­ply 40 planes to Viet­nam

China Daily (USA) - - BUSINESS - By BLOOMBERG

Air­bus Group SE won about $6.5 bil­lion of orders from car­ri­ers in Viet­nam, a na­tion that’s likely to rank among the top 10 fastest­grow­ing avi­a­tion mar­kets in the next two decades.

State-owned Viet­nam Air­lines Corp signed a deal to buy 10 A350 wide-bod­ied air­craft worth about $3.1 bil­lion in list prices, while af­fil­i­ate Jet­star Pacific Air­lines Avi­a­tion Joint Stock Co agreed to pur­chase 10 A320s for about $980 mil­lion, Air­bus said in a state­ment. Vi­etJet Avi­a­tion Joint Stock Co, Viet­nam’s only pri­vate air­line, signed a $2.39 bil­lion or­der for 20 more A321 planes, the low­cost car­rier said in a state­ment separately.

The deals were signed on Tues­day in Hanoi in the pres­ence of French Pres­i­dent Fran­cois Hol­lande, who is cur­rently vis­it­ing the South­east Asian coun­try where Vi­etJet es­ti­mates air travel has ex­panded at least 20 per­cent in the past three years. Viet­nam Air­lines is re­vamp­ing its fleet as it adds in­ter­na­tional routes while also fend­ing off com­pe­ti­tion from Vi­etJet, which started op­er­a­tions in De­cem­ber 2011.

The A321s Vi­etJet signed to pur­chase will be de­liv­ered start­ing 2017 through 2020, ac­cord­ing to the e-mailed state­ment from the car­rier. Late last year at the Dubai Air­show, Vi­etJet had agreed to buy 30 Air­bus A321 planes in a deal worth $3.6 bil­lion at list prices. As re­cently as May, the pri­vate op­er­a­tor said it would buy 100 Boe­ing 737Max 200 jets in an or­der worth $11.3 bil­lion when US Pres­i­dent Barack Obama vis­ited Viet­nam.

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