Boeing and VietJet have signed a Memorandum of Understanding at the ongoing 2018 Farnborough International Airshow for an additional 100 737 MAX airplanes.
>> Farnborough International Airshow Coverage
The agreement, which was signed on Wednesday, includes 80 737 MAX 10s and 20 737 MAX 8s. The deal is valued at more than US $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.
“We are excited to introduce Boeing’s newest 737 MAX 10 into our rapidly growing fleet,” said Madam Nguyễn Thị Phương Thảo, President and CEO of VietJet. “These new airplanes will fit perfectly into our growth strategy, providing the efficiency and range for VietJet to expand its route network and offer more international destinations for our customers and expand alliances across Asia Pacific, the fastest growing aviation market in the world,”
Boeing will partner with VietJet to enhance technical and engineering expertise and the training of pilots and technicians in Vietnam. 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. In 2016, it had finalized an order for 100 737 MAX 8 airplanes.
“Today’s agreement for a repeat order from VietJet validates the best-in-class capabilities of the 737 MAX family of airplanes,” said Kevin McAllister, president and CEO of Boeing Commercial Airplanes. “. This agreement also grows Boeing’s presence and partnerships across Asia Pacific, developing win-win partnerships in a region with tremendous development potential.”
Korean Air used domestically produced sustainable aviation fuel (SAF) for the first time on flight KE719 from Seoul Incheon to…
Onex Corporation announced that its Onex Partners Opportunities Fund has reached an agreement to acquire Farsound, a company specialising in…
Boom’s XB-1 supersonic demonstrator aircraft successfully executed its second flight at the Mojave Air & Space Port in Mojave, California,…
ASELSAN, a defence company from Turkiye, will participate in the Egypt International Airshow 2024, scheduled from 3rd to 5th September…
The 5th Asian Defense and Security Exhibition (ADAS) is set to take place from 25 to 27 September 2024 at…
FlyOnE Sustainable Aviation has announced plans to establish a large-scale international Electric Pilot Training facility in Victoria, Australia. The facility…
Archer Aviation has closed on US$220M of the US$230M of additional capital raised since the end of Q2. The US$10M…
Vaisala has been awarded a EUR 25 million contract to enhance safety and weather resilience at 14 airports in Indonesia.…
ASQS, a provider of safety and quality management software for the aviation industry, has announced the appointment of Florian Lis-Srajer…
ExecuJet Haite Aviation Services China and Capital Airport Holding Business Aviation Management (CBM) have officially opened new facilities at Beijing…
CargoAi has appointed Olivier Veyrac as Senior Vice President for CargoWALLET, the company's digital payment platform launched in February 2023.…
Orbit Communication Systems Ltd., a provider of satellite communication systems for maritime and airborne use, has announced a USD 6…
The Republic of Singapore Navy (RSN) has taken delivery of its second Type 218SG submarine, the RSS Invincible, at Changi…
Mitsubishi Heavy Industries, Ltd. (MHI) and Japan Airlines Co., Ltd. (JAL) have agreed to jointly explore potential collaboration in the…
Abu Dhabi Airports and Groupe ADP have extended their partnership to develop Advanced Air Mobility (AAM) infrastructure in the Emirate.…
StandardAero has acquired Aero Turbine, a provider of MRO services and consultative repair solutions for military engines and accessories from…
Joby Aviation recently demonstrated autonomous logistics aircraft operations in an evolving mission environment, in partnership with the U.S. Air Force…
NATO has awarded Exail Robotics Belgium a EUR 60 million contract for the supply of underwater mine disposal vehicles. The…
Embraer has announced the sale of up to six A-29 Super Tucano aircraft to the Uruguayan Air Force (FAU). This…
WestJet Cargo has announced the expansion of its pet transportation services to include London Gatwick (LGW), London Heathrow (LHR), and…
The Royal Thai Air Force (RTAF) has decided to purchase JAS 39E/F Gripen fighter jets from Sweden, opting for these…
In a major step to enhance defence collaboration between Indonesia and Turkiye, Indonesian Defence Minister Prabowo Subianto and Haluk Görgün,…
Air Chateau, a Dubai-based helicopter and vertiport operator, is collaborating with Regional Airports Company (RACL) and Wings Capital Management of…
Turkish Aerospace Industries (TAI) has officially inaugurated its new office in Bandung, West Java, on Sunday, 25th August. The company…
The Royal Malaysian Navy (RMN) has confirmed that the KD Pendekar (3513), a Handalan-class fast attack craft, sank at 15:54…
Worldwide Flight Services (WFS), a member of the SATS Group, has become the first cargo handler at Amsterdam Airport Schiphol…
More than 1,200 companies, including 200 firms from about 40 countries, will showcase their capabilities at the upcoming SAHA EXPO…
Vietnam has successfully concluded the Site Acceptance Test (SAT) for its new L-39NG trainer aircraft, marking the final step in…
The Royal Brunei Air Force (RBAirF) held a foundation-laying ceremony on Tuesday, 20th August, for a new building dedicated to…
L3Harris plans to reduce greenhouse gas emissions by 60%, water use by 20%, and solid waste by 10%. In addition,…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2024 GBP all rights reserved.