Bamboo Airways commits to the purchase of 20 Boeing 787 Dreamliners for USD 5.6bn

Boeing (NYSE: BA) has announced that it has received a commitment from Vietnam-based Bamboo Airways for 20 787-9 Dreamliners in deal that would be worth $5.6bn at current list prices, the company said.

As part of the agreement, Bamboo Airways completed the deposit requirement in mid-June to reserve the 20 airplanes, which are tentatively schedule to deliver from April 2020 through 2021.

Bamboo Airways is a startup airline that plans to begin commercial operations in 2019 out of the capital city of Hanoi. The carrier plans to offer flights within Vietnam before expanding into other Northeast Asian markets such as China, Korea and Japan.

The 787 Dreamliner is an all-new, super-efficient family of commercial airplanes. Since 2011, more than 690 Dreamliners have been delivered to operators, flying over 255 million people on more than 680 unique routes around the world, saving an estimated 25 billion pounds of fuel.

At 20 feet (6 meters) longer than the 787-8, the 787-9 extends the family in capacity and range, flying more passengers and more cargo farther. The airplane can fly 290 passengers, in a typical two-class configuration, up to 7,635 nautical miles (14,140 km).

Bamboo Airways is wholly owned by the FLC Group, a Vietnamese multi-industry company, focusing on aviation, real estate, resorts, farming and golf.

Boeing is the world´s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries.