Vietjet Airlines and AV AirFinance have just signed a cooperation agreement worth a total of 300 million USD with the participation of the Deputy Prime Minister of Vietnam, Mr. Ho Duc Phoc and senior leaders of Vietnam within the framework of the working trip to promote bilateral economic and trade relations between Vietnam and the US.
The agreement from AV AirFinance is part of a series of $4 billion financial agreements that Vietjet has reached with leading US partners. The agreements serve the plan to develop a new fleet, including nearly 300 aircraft expected to be delivered in the 2025-2027 period.
Mr. Stephen Murphy - CEO of AV AirFinance - said: "We are proud to be a long-term strategic partner of Vietjet. With this agreement, we strongly believe and commit to accompanying Vietjet's sustainable growth journey in the Asia-Pacific region with a modern new-generation fleet."
In 2025, Vietjet will begin receiving the first Boeing 737 Max aircraft in a order of 200 aircraft worth over 24 billion USD announced under the witness of US President Donald Trump in Vietnam on February 27, 2019. The company is also in the process of negotiating to expand this order, serving a global development strategy.
In addition to Boeing, Vietjet strategically cooperates with many leading US corporations such as GE, Pratt & Whitney and Honeywell with a total contract value of nearly 50 billion USD, along with projects under deep negotiations worth about 14 billion USD. The engine and technical services alone with GE and Pratt & Whitney have reached a scale of more than 10 billion USD. Vietjet is also expanding technology cooperation with corporations such as Microsoft, Apple, Google, and negotiating with SpaceX to develop technology services on the entire fleet. These contracts in the near future will contribute to significantly shortening the trade gap between Vietnam and the US.
With a strategy of developing a modern fleet and a global flight network, Vietjet Air is operating more than 115 new-generation, fuel-efficient aircraft, and has ordered more than 400 others.
AV AirFinance, a member of the US investment group KKR, specializes in providing commercial aircraft finance solutions to airlines, aircraft leasing companies, cargo transport units and investors.
Dr. Nguyen Thi Phuong Thao - President of Vietjet Airlines - congratulated the event and emphasized: "I will always strive, work hard with global cooperation, contributing to creating a bridge for cultural, economic and technological cooperation between Vietnam, the US and the world".
