You are here

Boeing wins US$11.3b order for 100 planes from VietJet

Monday, May 23, 2016 - 12:43

38202048 - 27_04_2016 - FILES-US-AEROSPACE-EARNINGS-BOEING.jpg
Boeing Co won an order for 100 jets from VietJet Aviation Joint Stock Co, a Vietnamese carrier, in a deal valued at US$11.3 billion based on list price, according to a statement from the airline.

[HANOI] Boeing Co won an order for 100 jets from VietJet Aviation Joint Stock Co, a Vietnamese carrier, in a deal valued at US$11.3 billion based on list price, according to a statement from the airline.

VietJet, which will sign the agreement later today in Hanoi during President Barack Obama's visit to Vietnam.

Delivery of the planes will run for four years beginning in 2019 and will help the carrier expand its fleet to 200 by the end of 2023, the company said in a statement. The airline will purchase the Boeing 737 Max 200 planes.

The low-cost carrier, which started operations in December of 2011, is seeking to expand in a market that's grown 20 per cent annually in the last three years, according to the airline.

BLOOMBERG

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom