Vietjet recently inked a significant $550 million aircraft finance agreement with Carlyle Aviation Partners, a U.S.-based aviation finance and asset management firm. The deal was announced during U.S. President Joe Biden’s visit to Vietnam, adding an extra layer of importance to the occasion.
Long-Term Partners Celebrate Growth
Robert Korn, Co-Founder and President of Carlyle Aviation Partners, expressed his enthusiasm about the ongoing partnership with Vietjet. He said, “The airline has offered passengers reasonable fares and convenient travel options, thus contributing positively to aviation and tourism development and fostering investment between Vietnam and the international community.” The relationship between the two companies has been strong and fruitful over the years.
Carlyle Aviation Partners will finance 200 Boeing 737 MAX aircraft as part of Vietjet’s ambitious fleet expansion program. The first 12 of these planes are scheduled to arrive in 2024. The total cost of this order is estimated to be more than $25 billion, to be spread over a five-year period.
Impact on the Australian Market
Vietjet has plans beyond Vietnam; the airline aims to make a significant impact in Australia. The investment in new aircraft is part of Vietjet’s strategy to offer more affordable and convenient travel options to Australian travelers.
Vietjet has diversified its aircraft orders. According to ch-aviation.com, the airline has also placed orders for 89 A321neos, two A321LRs, and 20 A321XLRs from Airbus. Thai Vietjet, a subsidiary, has its own set of orders for 50 Boeing 737 MAX 8s, with the first 12 expected to arrive next year.
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