Viet­nam car­ri­ers cut $6.5 bil­lion deal for 40 Air­bus planes

The Myanmar Times - - International Business -

VIET­NAM car­ri­ers bought 40 air­planes worth US$6.5 bil­lion from France’s Air­bus yes­ter­day, as Pres­i­dent Fran­cois Hol­lande vis­ited the com­mu­nist na­tion to drum up busi­ness ties.

Low-cost pri­vate air­line Vi­etJet, known for its bikini-clad hostesses, bought 20 planes while na­tional car­rier Viet­nam Air­lines and bud­get air­line Jet­star Pa­cific bought 10 each in “deals worth $6.5 bil­lion”, Air­bus Asia spokesper­son Sean Lee told AFP.

It did not pro­vide a break­down of each deal’s value.

It is the first deal be­tween French avi­a­tion gi­ant Air­bus and Jet­star Pa­cific, which said in July it was plan­ning to buy the A320 air­craft.

Viet­nam Air­lines, which owns a 70 per­cent stake of Jet­star Pa­cific, will pur­chase 10 Air­bus A350 planes, ac­cord­ing to of­fi­cials at a sign­ing cer­e­mony at­tended by Mr Hol­lande and Viet­namese Pres­i­dent Tran Dai Quang in Hanoi.

Viet­nam’s Vi­etJet said it would buy 20 A321 planes to boost its cur­rent fleet of 34 planes, all of which are Air­bus.

The Vi­etJet deal comes af­ter it pur­chased 100 pas­sen­ger jets from US air­craft maker Boe­ing for $11.3 bil­lion in May, dur­ing a visit by US Pres­i­dent Barack Obama.

It called the deal the largest sin­gle com­mer­cial air plane pur­chase in Viet­nam avi­a­tion his­tory.

Vi­etJet, founded in 2007, has gained no­to­ri­ety with bikini-wear­ing air stew­ardesses and is mak­ing a ma­jor move into the lu­cra­tive South­east Asian avi­a­tion sec­tor.

South­east Asia is seen as key growth mar­ket for bud­get air travel, driven by the re­gion’s grow­ing mid­dle class, many of whom are trav­el­ling for the first time. –

Photo: AFP

Jet­star Pa­cific CEO Le Hong Ha (right) and Air­bus Com­mer­cial CEO Fabrice Bregier ledt) pre­pare to ex­change signed con­tracts as French Pres­i­dent Fran­cois Hol­lande (sec­onf left) and Viet­nam’s Pres­i­dent Tran Dai Quang (sec­ond right) ap­plaud dur­ing a sign­ing cer­e­mony at the Pres­i­den­tial Palace in Hanoi yes­ter­day.

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