News

Airbus says Vietjet to buy 20 widebody A330-900 planes

By AFP

February 22, 2024 01:01 PM


Representational image

Twitter Share Facebook Share WhatsApp Share

European aviation giant Airbus said Thursday that Vietnamese airline Vietjet Air has agreed to buy 20 of its A330-900 planes.

Vietjet signed a memorandum of understanding with Airbus for the widebody aircraft, which will replace its current fleet of leased A330-300 planes, Airbus said in a statement.

"We are excited to work with Vietjet on the next phase of the carrier's expansion," said Christian Scherer, chief executive of Airbus's commercial aircraft business.

When finalised, the order will be Vietjet's largest-ever widebody purchase, the airline said.

Benoit de Saint-Exupery, executive vice president of sales at Airbus's commercial aircraft business, described the deal as a "commitment to purchase" by Vietjet during a briefing at the Singapore Airshow.

Exupery said the firm expects the deal to be finalised "in the next few weeks", and the first delivery will be in 2026.

Airbus did not provide a value for the deal. At list prices, the Vietjet order would be worth $5.9 billion, but customers usually get a discount when making bulk aircraft orders.

Budget airline Vietjet operates a fleet of 110 aircraft on about 30 international routes.

The new aircraft will operate on the carrier's growing long-range network, as well as on high-capacity regional services.

They will replace the carrier's current fleet of leased A330-300s, as well as provide for network expansion.

"The new A330neo aircraft is a strategic addition to modernize Vietjet's fleet comprehensively," Vietjet chief executive Dinh Viet Phuong said in a statement.

"The introduction of the new-generation A330neo into Vietjet's fleet will play a crucial role in the airline's sustainable development strategy with ESG goals, aiming to achieve net-zero emissions by 2050," he said.

Vietnamese airlines have been eagerly growing fleets to serve burgeoning passenger numbers, where domestic travel has soared in recent years and international air travel is on the rise.

Vietjet stormed onto Vietnam's airline sector in 2011 when much of the market was dominated by the national carrier Vietnam Airlines.

The country's first budget carrier, owned by Vietnam's only female billionaire Nguyen Thi Phuong Thao, initially raised eyebrows with its racy marketing campaigns featuring nearly naked models and by staffing inaugural flights with air hostesses wearing bikinis.

The government said the airline's share of domestic passenger travel was around 40 percent in 2022, the latest year figures are available.


AFP


Most Read

  1. Public Holiday announced in Lahore tomorrow Public Holiday announced in Lahore tomorrow
  2. Nazish Jahangir to hit any marriage proposal from Babar Azam out of the ground Nazish Jahangir to hit any marriage proposal from Babar Azam out of the ground
  3. Iranian First Lady visits Numl Iranian First Lady visits Numl
  4. Pakistan, Iran sign raft of accords to bolster bilateral cooperation Pakistan, Iran sign raft of accords to bolster bilateral cooperation
  5. Two patients die, injuries of 12 others multiplied after roof collapse at Gujrat hospital Two patients die, injuries of 12 others multiplied after roof collapse at Gujrat hospital
  6. Police fail to nail woman who ran car over Motorway cop more than 100 days ago Police fail to nail woman who ran car over Motorway cop more than 100 days ago

Opinion

  1. Islamabad becoming the hub of international diplomacy
    Islamabad becoming the hub of international diplomacy

    By Salim Bokhari

  2. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir

  3. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  4. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  5. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  6. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay