Boeing, Vietjet finalise USD11.3bn purchase

VietJet Aviation Joint Stock Company and Boeing (NYSE: BA) have finalized an order for 100 737 MAX 200 airplanes, the largest ever single commercial airplane purchase in Vietnam aviation, the company said.

The agreement is valued at approximately USD11.3 billion at current list prices.

The airplanes will be delivered from 2019 through 2023, supporting Vietjet´s continuous growth of its domestic as well as international network in the region. This agreement also helps Vietjet to increase its fleet to more than 200 airplanes by the end 2023, with the most modern and advanced technology in the world.

The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The new single-aisle airplane will deliver 20 percent lower fuel use than the first Next-Generation 737s and the lowest operating costs in its class — 8 percent per seat less than its nearest competitor. To date, the 737 MAX has accumulated 3,098 orders from 65 customers around the world.

Vietjet is the first airline in Vietnam to operate as a new-age airline with low-cost and diversified services to meet customers´ demands. It provides not only transport services but also uses the latest e-commerce technologies to offer various products and services for consumers.

Boeing is the world´s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems and also provides numerous commercial airline and military support services. With corporate offices in Chicago, Boeing employs approximately 160,000 people across the United States and in more than 65 countries.