Boeing and VietJet have signed a Memorandum of Understanding at the ongoing 2018 Farnborough International Airshow for an additional 100 737 MAX airplanes.
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.”