According to Reuters, VietJet will sign a $200 million financial agreement with a KKR-affiliated partner during a meeting in Washington, DC, on April 9, with the attendance of Boeing. The financial agreement aims to support Vietjet’s aircraft purchasing activities.
Reuters also reported that the low-cost carrier is considering ordering 20 wide-body Boeing 787 aircraft to expand its fleet for international routes.
Meanwhile, both Vietjet and Vietnam Airlines are in the process of negotiating additional aircraft purchases, although specific suppliers have not been disclosed.
Vietjet Air Airlines.
Earlier, in January, Nguyen Thi Phuong Thao, Chairman of Vietjet Aviation Joint Stock Company (VJC), met with strategic partners from around the world at President-elect Donald Trump’s Mar-a-Lago estate during the “Friends of Vietnam Summit.”
This event was held for Vietjet and the delegation from Vietnam to enhance bilateral and multilateral cooperation.
Chairman of the Board of Directors of Vietjet, Nguyen Thi Phuong Thao, had the opportunity to meet and exchange ideas with President Donald Trump and billionaire Elon Musk.
The low-cost carrier from Vietnam has strategic agreements with leading corporations such as Boeing, GE, CFM, Pratt & Whitney, and Honeywell, totaling nearly $50 billion. In addition, collaborations worth approximately $14 billion are also under discussion.
In September 2024, Vietjet signed a $1.1 billion agreement with Honeywell, an aerospace engineering company, to provide aviation electronics and technical services for its fleet. Vietjet will also implement Honeywell’s emission reduction and fuel-saving monitoring services for its entire fleet.
The following month, Vietjet affirmed its commitment to orders worth $8 billion with CFM International for more than 400 LEAP-1B engines and maintenance services for narrow-body aircraft.
Also, regarding engines, in February 2024, at the Singapore Airshow 2024, Vietjet signed an agreement with Pratt & Whitney to choose GTF engines for 19 Airbus A321neo aircraft. At the same time, Pratt & Whitney will provide engine maintenance services to Vietjet through EngineWise.
Apart from aviation agreements, Vietjet is negotiating collaborations with major technology corporations such as Microsoft, Amazon Web Service, Apple, Google, and SpaceX to implement satellite internet technology solutions on its flights. The airline is also promoting the application of artificial intelligence (AI), blockchain, and big data in its operations.
Accelerating Delivery for Commercial Aircraft Contracts
Recently, the White House announced a new countervailing duty policy, including a 46% tax on goods from Vietnam.
Regarding this issue, Prime Minister Pham Minh Chinh instructed the negotiating delegation to request the US to consider postponing the implementation of the new tax policy for at least 45 days to allow time for both sides to exchange, negotiate, and prepare for the transition. He also directed the delegation to continue negotiating with the US to promote balanced and sustainable trade that benefits both parties, consumers, and does not affect Vietnam’s international commitments. The goal is to work towards new bilateral trade commitments, as suggested by General Secretary To Lam in his phone call with President Donald Trump on April 4.
On the issue of taxes, the measures will follow the orientation of the high-level agreement between General Secretary To Lam and President Donald Trump. The Prime Minister also mentioned that Vietnam will purchase more goods from the US, such as products in which the US has strengths and Vietnam has demands, including security and defense-related items. Additionally, he emphasized accelerating delivery for commercial aircraft contracts.
“Vietnam will enhance dialogue and negotiation, avoiding confrontation, tension, and complication,” said Prime Minister Pham Minh Chinh.
The New Tan Son Nhat Airport Terminal: A Behind-the-Scenes Look Before Welcoming Vietnam Airlines and Vietjet.
The Tan Son Nhat T3 Terminal construction project is in its final stages and is set to be completed before the 30th of April this year.
Vietjet Achieves Highest Business Performance Since the Post-Covid-19 Era
Expanding its international flight network and catering to the travel demands of passengers with an ever-growing modern fleet, Vietjet Aviation Joint Stock Company (HOSE: VJC) witnessed remarkable revenue and profit growth in Q4 and throughout 2024.
The Rise of Vietnamese Aviation: Two Local Carriers Soar into the ASEAN Top Ranks, Surpassing National Carriers of Thailand, Singapore, and Malaysia
The two leading Vietnamese airlines boast an extensive flight network, offering passengers a vast range of destinations and an unparalleled travel experience. With a strong presence in the aviation industry, these airlines have established themselves as key players, providing convenient and efficient travel options to locals and international travelers alike. Their comprehensive route maps showcase a commitment to connecting people and places, ensuring that Vietnam remains a well-connected and accessible destination.
Cleared for Takeoff: CHIN-SU Phở Story Soars with Vietjet Airways
On December 4th, Masan Consumer Holdings and Vietjet Airlines signed a strategic partnership agreement to bring CHIN-SU Phở Story, a Masan Consumer brand, and the essence of Vietnamese cuisine to Vietjet’s domestic and international flights. This collaboration aims to promote Vietnamese culture to the world by offering delicious and authentic culinary experiences to passengers and tourists alike.
Vietjet and CFM International Sign Agreement for Over 400 LEAP-1B Engines
Vietjet, the innovative new-age airline, and CFM International, a joint venture between Safran Aircraft Engines and GE Aerospace, have reaffirmed their commitment to Vietnam during the state visit of General Secretary and State President To Lam to France. The partnership entails an order of over 400 LEAP-1B engines and technical maintenance services for Vietjet’s narrow-body aircraft fleet, totaling a substantial $8 billion.
