VietJet signs agreement with Boeing for 100 737 MAX aircraft

VietJet has signed an MoU with Boeing (NYSE:BA) and VietJet (HOSE: VJC) for an additional 100 737 MAX airplanes, the company said.

The agreement, which includes 80 737 MAX 10s and 20 737 MAX 8s, is valued at more than USD 12.7 billion at current list prices.

The Vietnamese low-cost carrier will become the largest MAX 10 customer in Asia once the deal is completed. VietJet plans to leverage the added capacity of the MAX 10 to satisfy surging demand on high-dense domestic routes, as well as on popular destinations throughout Asia.

As part of the agreement, Boeing would partner with VietJet to enhance technical and engineering expertise and the training of pilots and technicians in Vietnam, helping to further develop the commercial aviation ecosystem in the growing country. Boeing will also support VietJet in improving management capabilities at the airline and in the country.

VietJet is Vietnam´s first privately-owned airline and is also the first low-cost carrier in the country. The airline is in the midst of bolstering its world-class fleet with highly efficient and capable airplanes that will allow for expansion of its regional network.