As planned, Vietnam Airlines will buy 50 narrow-body aircraft of the A320Neo Family or B737Max Family (including wing suspension engines, additional optional equipment) and 10 spare engines.
The total investment of this deal is more than 3.6 billion USD.
The expected schedule for delivery of aircraft and spare engines is below:
Vietnam Airlines assessed that new-generation aircraft ensure the exploitation of an important part of the flight network of Vietnam Airlines such as domestic routes on the North-South axis, Southeast Asian and Northeast Asian markets.
The 50-vehicle project will help the unit transport an average of nearly 32 million passengers per year in the 2026-2030 period, contributing to promoting local tourism and economic development.
The project contributes to increasing the scale of the airline's fleet, creating more direct and indirect jobs, including more than 2,500 direct jobs ( pilots, flight attendants, technicians).
This project is expected to increase the proportion of aircraft owned by the airline, with conditions to proactively better perform the political tasks assigned by the State, contributing effectively to the development of Vietnam's relations with countries in the region.
The airline also said that it plans to increase the total number of its aircraft to 137 by 2030 and 169 by 2035. The number of these aircraft is still included in the planning for the number of aircraft flows of Vietnam.
According to the project, the aircraft are all new-generation aircraft, equipped with modern technology and techniques and have been granted a certificate of aircraft type by the European Aviation Authority (EASA) and the US aviation Authority (FAA), and these aircraft are capable of operating at most domestic airports.
The aircraft under the project will be put into operation in the entire flight network and are expected to be used to fly in Northeast Asia, Southeast Asia, domestic routes and charter flights, in line with the Prime Minister's orientation on developing the flight network.
Vietnam Airlines also frankly acknowledged that the unit implementing the 50 narrow-wheel vehicle project may be a factor that will increase competition from other domestic airlines in the race for market share, leading to a decrease in average market revenue, affecting production and business efficiency. In addition, competition from other airlines for loads will also overload airport infrastructure, increasing operating costs.
Evaluating market share, competitiveness, Vietnam Airlines said that the project of 50 narrow ships is a tool for the company to achieve the target market share and production efficiency. In recent years, the trend of aircraft technology innovation has grown rapidly. The aircraft in the project of 50 ships with outstanding advantages of flight range, commercial load, amenities, fuel economy will replace the narrow -body aircraft, help the airline save costs, ensure stability in exploitation and improve service quality according to its standards.
