VietJetAir has finalized a large order for Airbus A320-family jets to meet its future expansion plans, the deal potentially adding more than 100 aircraft to the Vietnamese airline’s fleet.
The purchase agreement signed by VietJetAir covers firm orders for 42 Airbus A320neo jets, 14 A320ceo (current engine option) aircraft and seven A321ceos, plus purchase rights for 30 more A320-family aircraft. In addition the airline will lease eight more A320-family jets from third-party lessors.
The order was finalized on February 11 at the Singapore Airshow 2014 by Nguyen Thi Phuong Thao, vice chairwoman and CEO of VietJetAir; and Fabrice Brégier, president and CEO of Airbus. The signing was witnessed by Dinh La Thang, Minister of Transport of Vietnam and Le Luong Minh, Secretary-General of the Association of South East Asian Nations (ASEAN).
“The A320 has proven to be extremely efficient in service with VietJetAir and is a favorite with our passengers,” said Luu Duc Khanh, managing director of VietJetAir. “Based on this experience, we look forward to developing our business across the Asia-Pacific region. Airbus will be our strategic partner and provide us with the most economic and comfortable aircraft and coordinate with VietJetAir in relevant training programs.”
VietJetAir began operating commercial services in 2011 and is the first private airline in Vietnam to operate domestic and international flights. Today the airline operates a fleet of 11 leased A320s on a network covering 20 routes serving domestic destinations as well as Bangkok, Seoul and Chinese destination Kunming.
More than 10,100 Airbus A320-family aircraft have been ordered and more than 5,900 delivered to over 300 customers and operators worldwide.