US, Vietnam presidents witness Vietjet’s signing of 100 Boeing jets

Vietjet's (rightmost) Nguyen Thi Phuong Thao and Boeing's Kevin McAllister at the signing, witnessed by the two presidents

Vietjet and Boeing Commercial Airplanes have signed a US$12.7 billion deal for 100 new Boeing 737 MAX airplanes, doubling the airline’s order with Boeing to 200 airplanes.

During the same ceremony, Vietjet and General Electric signed a long-term Engine Support Agreement valued at US$5.3 billion to equip Vietjet aircraft with LEAP-1B engines.

Vietjet’s (rightmost) Nguyen Thi Phuong Thao and Boeing’s Kevin McAllister at the signing, witnessed by the two presidents

Vietjet president and CEO Nguyen Thi Phuong Thao and Boeing Commercial Airplanes president & CEO Kevin McAllister co-signed the airplane purchase deal, with Vietnam president Nguyen Phu Trong and US president Donald Trump as witnesses.

Earlier in 2016, Vietjet also signed a 100 Boeing 737 MAX order, setting the mark for the largest commercial jet purchase within Vietnam’s aviation sector at the time and making the airline the largest purchaser of the aircraft model in Asia.

Highlighting the airline’s rapid growth, Vietjet’s Nguyen said: “The deal for 100 new airplanes and other agreements for 200 Boeing 737 MAX airplanes today (are) important moves for us to meet our international flight network expansion plans with a higher capacity, offering our passengers opportunities to fly to new international destinations.

“This contract signing ceremony, witnessed by the top leaders of Vietnam and the US on the occasion of the US-North Korea Summit in Hanoi, will mark a milestone for the two companies’ growth.”

In addition to the aircraft purchases, Boeing will support Vietjet in enhancing technical and engineering expertise, training pilots and technicians to improve management capabilities at the airline.

The total value of the signed deals between Vietjet and the US companies will reach US$18 billion.

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