Vietjet and Bamboo Airways sign lucrative deals following the United States - North Korea Summit

The ongoing United States – North Korea summit, in Hanoi, Vietnam has seen aviation leader Vietjet and manufacturing leader Boeing sign a number of new deals.

The airline is set to acquire 100 new 737 MAX airplanes worth US$12.7bn, while Bamboo Airways will gain 10 787-9 Dreamliners from Boeing, totalling close to $3bn. The move forms part of Bamboo’s long-term growth strategy and plans to provide non-stop flights to the US and Europe later this year.

“We are pleased to expand our partnership with Vietjet and to support their impressive growth with new, advanced airplanes such as the 737 MAX. We are confident the MAX will help Vietjet grow more efficiently and provide great travel experiences for their passengers,” stated Boeing Commercial Airplanes President & CEO Kevin McAllister in a recent press release.

“The economic expansion in Hanoi and across Vietnam is impressive. Vietjet and the country’s burgeoning aviation sector are clearly enablers, helping to stimulate travel within Vietnam and connecting Vietnam with the rest of Asia. We are proud to support this economic development, which in turn supports engineering and manufacturing jobs in the United States.”

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Owned by FLC Group, Bamboo Airways is set to cater to the ongoing demand of its customers. “Vietnam-US economic and trade relations are expanding very quickly. The need to open direct flights between the two markets is imperative. These flights will not only play a role in promoting activities in the tourism industry, but also help to further develop bilateral trade and investment opportunities,” observed Trinh Van Quyet, Chairman of FLC Group.
 

Earlier in 2016, Vietjet also signed a 100 B737 MAX order, setting the mark for the largest commercial jet purchase in Vietnam’s aviation sector. “The deal for 100 new airplanes and other agreements for 200 B737 MAX airplanes are important moves for us to meet our international flight network expansion plan with a higher capacity, thus offering our passengers more exciting experiences when being able to fly to more new international destinations,” added Vietjet President and CEO Nguyen Thi Phuong Thao. “The contract signing ceremony, will mark a milestone for the two companies’ growth path.”

In addition to airplane purchases, Boeing will partner with Vietjet to enhance technical and engineering expertise, train pilots and technicians, and improve management capabilities at the airline and in Vietnam. Vietjet’s airplane purchase order contributes to increased trade turnover between the US and Vietnam. Vietjet, in particular, is seen as a pioneer for international foreign affairs and economic diplomacy and known for promoting the image of an innovative Vietnam to the world.