Tag: vietjet

Vietjet Air picks Rolls-Royce Trent 7000 engines for A330neo

February 25, 2024 / WIL BALDWIN

Singapore Air Show, February, 2024 – Vietjet Air has signed a Memorandum of Understanding (MoU) with Airbus Group SE (Paris: AIR) for the purchase of 20 A330-900 widebodies. When the order is finalized, the aircraft will be operated on the carrier’s growing long range network, as well as on high capacity regional services. They will replace the carrier’s current fleet of leased A330-300’s, as well as providing for network expansion.

Rolls-Royce (LSE: RR) today announces a commitment by Vietjet Air for 20 Trent 7000 powered A330neo, which will complement the airline’s existing widebody fleet of seven Trent 700 powered A330ceo aircraft.

With a laser focus on sustainability, Vietjet Air has committed to the A330neo/Trent 7000 combination as it delivers a 14% better fuel burn per seat, whilst significantly lowering emissions. The reduction in emissions will allow the airline to avoid more than one hundred thousand tons of CO2 over the lifetime of each aircraft.

The Trent 7000 draws on the technology and experience of the most advanced family of engines in the world. As the latest member of the Trent family, the Trent 7000 is based on Trent XWB technology and has delivered exceptional reliability since its entry into service.

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Vietjet adds flights to Chengdu China

January 28, 2024 / WIL BALDWIN

Ho Chi Minh City, January, 2024 – Vietjet continues to expand its international flight network with the new route between Ho Chi Minh City and Chengdu, China. The combination will help contribute to promoting trade and tourism between the two cities and two countries, Vietnam and China.

To celebrate the New Year 2024 and the new route Ho Chi Minh City – Chengdu, Vietjet offers thousands of VND0 (*) tickets for passengers who book tickets from today on www.vietjetair.com or the Vietjet Air mobile app with the flight period from February 10, 2024 to March 30, 2024.

Visiting Chengdu, tourists have opportunities to explore the vibrant Chinese culture with famous attractions such as Jinli Ancient Street, Anshun Bridge, Chengdu Research Base of Giant Panda Breeding, or easily come to Jiuzhaigou – a world heritage site recognized by UNESCO, etc. Meanwhile, Ho Chi Minh City is a bustling economic hub of Vietnam with various options traveling in Vietnam and the region via Vietjet’s flight network.

Vietjet Selects Rolls-Royce TotalCare to Support Trent 700 Powered A330 Aircraft

November 9, 2021 / WIL BALDWIN

Vietnamese airline Vietjet Aviation will operate Rolls-Royce (OTC: RYCEY) Trent 700 engine-powered Airbus A330 aircraft in its fleet. As part of the airline’s strategic fleet decision, these will be the first widebody aircraft to join its operations as it expands its network into long-haul operations. The selection is supported by a TotalCare long-term aftermarket engine maintenance agreement. The first aircraft is expected to enter into service in November 2021.

The Trent 700 is the only engine specifically designed for the A330 and is widely recognised for its outstanding efficiency and reliability. Since its launch in 1995, the Trent 700 has dominated the A330 fleet with more than 60 per cent market share and has logged more than 60 million hours in service to date.

Vietjet, which is Vietnam’s largest airline in terms of the total number of passengers transported domestically and the country’s second largest airline in terms of fleet size, currently has a fleet of 90 narrow-body aircraft. The airline’s ability to stay agile and financially resilient in 2020 has allowed Vietjet to navigate successfully through the market headwinds due to Covid-19 pandemic.

Supporting Vietjet’s business ambitions with the addition of its fleet for long-haul widebody operations, the Trent 700 delivers the best balance of attributes to achieve the maximum capability and efficiency on the A330. With a wide fuselage, well-established technology and sound economics, the airline aims to invest in additional A330 widebody aircraft in the next few years as part of its strategic fleet expansion plan.

Vietnam’s VietJet Orders 20 Airbus A321XLR Aircraft

October 31, 2019 / WIL BALDWIN

Oct 31 (Reuters) – VietJet Aviation has ordered 20 Airbus long-range A321XLR aircraft that the budget carrier hopes will support its international expansion as Vietnam’s aviation market heats up.

VietJet expects the first aircraft to be delivered in 2023, it said in a statement on Thursday, adding that it will be the “first carrier in the world” to operate the new long-range version of the single-aisle A320neo family jets.

Industry sources said VietJet would be among the first to put the XLR into service.

Vietnam’s largest conglomerate in August applied to launch an airline next year, intensifying competition in one of the fastest-growing aviation markets.

The sector includes Vietnam Airlines, Jetstar Pacific Airlines and Vietnam Air Services Co.

The airline also signed a separate agreement in Toulouse, France, for two A320/A321 aircraft simulators.

VietJet’s order book for Airbus aircraft now totals 186, the airline said.

In September, Reuters reported that Airbus sold 15 A321XLR jets to VietJet.

Airbus on Thursday confirmed that VietJet had placed a new order for 15 XLR and said another 5 would be converted to the new jet from the A321neo model.

VietJet CEO Nguyen Thi Phuong Thao said Thursday’s order will “modernise VietJet’s fleet as we look to strongly grow our international flight network.”

The airline currently flies to destinations including Japan, Hong Kong, Singapore, China and India.

(Reporting by Nikhil Kurian Nainan in Bengaluru; Additional reporting by Tim Hepher; Editing by Jason Neely and Dan Grebler)

Boeing, Vietjet Announce Order for 100 737 MAX Airplanes

February 27, 2019 / WIL BALDWIN

HANOI, Vietnam, Feb. 27, 2019 /PRNewswire/ — Boeing [NYSE:BA] and Vietjet [HOSE: VJC] confirmed that the innovative and growing Vietnamese carrier has purchased 100 additional 737 MAX airplanes, taking their MAX order book to 200 jets. During a signing ceremony today in Hanoi, United States President Donald Trump and Vietnamese Communist Party General Secretary and President Nguyen Phu Trong joined leaders of both companies to unveil the $12.7 billion order, according to list prices.

The deal includes 20 MAX 8s and 80 of the new, larger MAX 10 variant, which will have the lowest seat-mile costs for a single-aisle airplane and be the most profitable jet in its market segment. The order was previously unidentified on Boeing’s Orders & Deliveries website.

In ordering 80 MAX 10s, Vietjet becomes the largest Asian customer of the airplane type. The carrier plans to use the added capacity to meet growing demand across Vietnam, as well as to serve popular destinations throughout Asia.

“The deal for 200 Boeing 737 MAX airplanes today is an important move for us to keep up with our international flight network expansion plan with a higher capacity, thus offering our passengers with more exciting experiences when being able to fly to more new international destinations,” said Madam Nguyễn Thị Phương Thảo, President and CEO of Vietjet. “I believe that our fleet will have breakthroughs thanks to new-generation technologies, which helps improve flight quality and enhance operational reliability, while reducing operating costs in the future. Passengers will then have more opportunities to fly with reasonable fares. The contract signing ceremony, which is 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 in the two companies’ growth path.”

Vietjet placed its first order for 100 737 MAX airplanes in 2016, which set the mark for the largest commercial jet purchase in Vietnam’s aviation sector at the time.

“We are pleased to expand our partnership with Vietjet and to support their impressive growth with new, advanced airplanes such as the 737 MAX. We are confident the MAX will help Vietjet grow more efficiently and provide great travel experiences for their passengers,” said Boeing Commercial Airplanes President & CEO Kevin McAllister. “The economic expansion in Hanoi and across Vietnam is impressive. Vietjet and the country’s burgeoning aviation sector are clearly enablers, helping to stimulate travel within Vietnam and connecting Vietnam with the rest of Asia. We are proud to support this economic development, which in turn supports engineering and manufacturing jobs in the United States.”

In addition to airplane purchases, Boeing will partner with Vietjet to enhance technical and engineering expertise, train pilots and technicians, and improve management capabilities at the airline and in Vietnam.

The carrier also uses Boeing’s digital solutions to optimize its operations, including flight planning & Tech Log Book.

About the 737 MAX
The 737 MAX family is powered by CFM International LEAP-1B engines, and includes design updates such as Boeing’s Advanced Technology winglet that reduces drag and further optimizes the 737 MAX performance, especially on longer-range missions. Together, these improvements reduce fuel use and CO2 emissions by at least 14 percent compared to today’s Next-Generation 737s – and by 20 percent more than the single-aisle airplanes they replace.

The 737 MAX 10 is the largest variant in the family. At 43.8 meters (143 feet 8 inches) long, the airplane can seat a maximum of 230 passengers and offer airlines the lowest seat-mile costs in the single-aisle market.

The 737 MAX is the fastest-selling airplane in Boeing history with about 5,000 orders from more than 100 customers worldwide. For more information, visit www.boeing.com/commercial/737max.

About Vietjet
Vietjet is the first airline in Vietnam to operate as a new-age airline offering flexible, cost-saving ticket fares and diversified services to meet customers’ demands. It provides not only transport services but also uses the latest e-commerce technologies to offer various products and services for consumers. Vietjet is a member of International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. Vietjet was named “Best Ultra Low-Cost Airline 2018 – 2019” and awarded the highest ranking for safety with 7 stars in 2018 by safety and product rating website AirlineRatings.com. Currently, Vietjet offers more than 385 flights daily, carrying more than 65 million passengers to date, with 106 routes covering destinations across Vietnam and international destinations such as Japan, Hong Kong, Singapore, South Korea, Taiwan, mainland China, Thailand, Myanmar, Malaysia and Cambodia. For more information, visit www.vietjetair.com

Story and image from http://www.boeing.com

VietJet to Sign Major Boeing Deal During Trump-Kim Summit

February 22, 2019 / WIL BALDWIN

HANOI (Reuters) – Fast-growing Vietnamese budget airline VietJet Aviation JSC is expected to sign a major jet deal with Boeing Co on the sidelines of next week’s Trump-Kim summit, according to sources familiar with the matter.

U.S. President Donald Trump and North Korean leader Kim Jong Un will hold their second summit in the Vietnamese capital of Hanoi on Feb 27-28.

Holding a signing ceremony during Trump’s visit would help emphasise strengthening economic and military ties between the United States and Vietnam.

VietJet, while not government-owned, increasingly uses state visits to showcase major plane orders balanced between Boeing and Airbus SE. It signed a deal to buy 100 Boeing 737 MAX narrowbody jets when former U.S. President Barack Obama visited Hanoi in 2016.

The airline is likely to finalise next week a separate provisional deal agreed last year at the Farnborough Airshow to buy another 100 Boeing 737 MAX jets worth almost $13 billion at list prices, sources said on condition of anonymity due to an expected announcement by VietJet.

The U.S. Federal Aviation Administration declared last week that Vietnam complied with international aviation standards, in a move that would allow Vietnamese carriers to fly there for the first time and codeshare with U.S. airlines.

VietJet said last week it planned to purchase widebody jets capable of U.S. flights to open routes to cities with large Vietnamese communities in the United States, such as in California.

It might be too early for VietJet to place a widebody order, said one of the sources.

Another source briefed on the matter said the deal for 100 737 MAX jets was already on Boeing’s books, having been firmed up earlier and listed as an unidentified customer.

Boeing declined to comment. VietJet did not respond immediately to a request for comment.

VietJet finalised a deal in November with Airbus for 50 A321neo jets during a visit to Hanoi by French Prime Minister Edouard Philippe that had also been announced provisionally at the Farnborough Airshow.

VietJet operates 385 flights daily within Vietnam and to places such as Japan, Hong Kong, South Korea, Taiwan, Singapore, China, Thailand, Myanmar and Malaysia.

However, industry analysts have questioned whether the airline will take delivery of all the aircraft on order as the aerospace industry reaches the peak of an extended growth phase.

(Reporting by James Pearson in Hanoi; Additional reporting by Tim Hepher in Paris; Writing by Jamie Freed; Editing by Muralikumar Anantharaman)

VietJet Signs $6.5 bln Deal For 50 Airbus Jets

November 2, 2018 / WIL BALDWIN

HANOI, Nov 2 (Reuters) – VietJet Aviation signed a $6.5 billion agreement on Friday to buy 50 Airbus A321neo jets, the Vietnamese budget carrier said.

The agreement, signed during a visit to Hanoi by French Prime Minister Edouard Philippe, is part of aggressive investment in the Vietnamese airline’s fleet, which has provided lucrative business for both European aerospace group Airbus and its U.S. rival Boeing.

VietJet said the order is in line with its growth strategies and will enhance the airline’s operational efficiency and capacity, especially on international routes.

In addition to the aircraft, Airbus will deploy pilot and technician training programmes and fight management and flight safety management for VietJet.

In a separate statement, VietJet said it had also signed a memorandum of understanding with CFM International on a $5.3 billion deal for long-term jet engine maintenance.

VietJet, Vietnam’s biggest private airline, currently operates 60 Airbus jets with more than 385 flights daily within Vietnam and to countries such as Japan, Hong Kong, South Korea, Taiwan, Singapore, China, Thailand, Myanmar and Malaysia.

CEO Nguyen Thi Phuong Thao told Reuters this week that VietJet plans to maintain an average fleet age of only three years to minimise fuel and maintenance costs.

It placed provisional orders for the A321neo jets and 100 Boeing 737 MAX jets at the Farnborough air show and has been in negotiations to complete the deals, with deliveries expected between 2020 and 2025.

(Reporting by Khanh Vu Editing by David Goodman)

Image from Airbus

Airbus & Boeing Deals @ Farnborough Airshow

July 18, 2018 / WIL BALDWIN

(Reuters) – Following is a summary of commercial aircraft deals announced by Airbus (AIR.PA) and Boeing (BA.N) at the Farnborough Airshow in southern England.

The two companies have so far signed deals worth more than $100 billion at current list prices. However, this is a gross number. Several of the deals firm up provisional ones, disclose previously unidentified buyers, or change existing orders, making it hard to gauge the level of new business.

AIRBUS DEALS – $57 billion

** GOLDEN FALCON AVIATION (for Wataniya Airways): confirmed an order for 25 Airbus A320neo jets for Kuwait’s Wataniya Airways worth about $2.8 billion at list prices.

** GOSHAWK AVIATION: a firm order for 20 Airbus A320neo jets worth about $2.2 billion at list prices.

** LEVEL (low cost of IAG): firm order for two A330-200s, worth around $477 million at list prices. https://bit.ly/2Jumrbv

** MACQUARIE FINANCE: ordered 20 A320neo jets in a deal worth about $2.2 billion at list prices.

** PEACH AVIATION: updated a previous deal for 10 A320neo, changing it to eight A320neo and two A321LR planes. The deal would be worth around $1.1 billion at list prices.

** SALAMAIR: signed an agreement to add six new A320neo aircraft to its fleet. The deal would be worth around $700 million at list prices.

** SICHUAN AIRLINES: ordered 10 Airbus A350 XWB jets, confirming a deal struck earlier this year. The order is worth about $3.2 billion at list prices.

** STARLUX AIRLINES: signed a preliminary deal for 17 Airbus A350 jets worth an estimated $6 billion at list prices.

** UGANDA AIRLINES: signed memorandum of understanding for two A330-800neo aircraft, worth around $0.5 billion at list prices.

** UNDISCLOSED CUSTOMER: order for 100 A320neo family aircraft worth about $11.5 billion at list prices.

** UNDISCLOSED CUSTOMER: a preliminary deal for 80 A320neo jets with a leasing firm. The deal would be worth around $8.8 billion at list prices.

** UNDISCLOSED CUSTOMER: has signed a commitment for six A330neo family aircraft. The deal would be worth around $1.6 billion based at current list prices. https://bit.ly/2uJJsBT

** U.S. AIRLINE START-UP: a commitment for 60 Airbus A220-300 aircraft worth about $5.5 billion at list prices.

** VISTARA: a letter of intent to buy 13 Airbus A320neo aircraft and commitment to taking a further 37 A320neos from leasing firms. The deal for all 50 aircraft would be worth around $5.5 billion at current list prices.

** VIVA AEROBUS: firmed up a deal for 25 incremental A321neo and 16 conversions of A320neos to A321neos. The 41 planes are worth around $5.3 billion at list prices.

BOEING DEALS – $82 billion

** AIR LEASE CORP (AL.N): committed to buy as many as 78 Boeing aircraft in a deal valued at $9.6 billion at list prices.

** AVIATION CAPITAL GROUP: order for 20 737 MAX 8 airplanes, valued at $2.34 billion at list prices.

** DHL: a $4.7 billion deal for four Boeing 777 Freighters, and purchase rights for seven additional freighters.

** GECAS: an agreement for 35 additional 737-800 Boeing Converted Freighters. The deal includes 20 firm orders and an option for 15 more. The deal for 35 aircraft would be worth around $3.6 billion at list prices. http://bit.ly/2mme2O5

** GOL AIRLINES: an order for 30 737 MAX 10 Airplanes, 15 MAX 8s. New agreement converts some MAX 8 orders to the larger MAX 10 model, adds 15 more jets. The deal for 45 aircraft would be worth $5.7 billion at current list prices.

** GOSHAWK AVIATION: an order for 20 737 MAX jets valued at $2.3 billion at current list prices.

** JACKSON SQUARE AVIATION: a firm deal to buy 30 737 MAX 8 aircraft, valued at about $3.5 billion at list prices.

** JET AIRWAYS: ordered an additional 75 737 MAX 8 airplanes valued at $8.8 billion at current list prices.

** QATAR AIRWAYS: finalised an order for five 777 Freighters, valued at $1.7 billion at list prices.

** SEACONS TRADING: ordered a Boeing Business Jet MAX 7, worth $96 million based on current list prices.

** TAROM ROMANIAN AIR TRANSPORT: a $586 million order for five 737 MAX 8 airplanes.

** UNITED AIRLINES (UAL.N): expanded its commitment to the 787 Dreamliner programme with an order for four more 787-9 planes, worth about $1.1 billion according to current list prices. https://bit.ly/2NXKYJw

** UNDISCLOSED CUSTOMERS: sign commitments for 40 High-Capacity 737 MAX 8s, 53 MAX 8 Airplanes, worth nearly $11 billion at current list prices

** VIETJET (VJC.HM): provisionally ordered 100 Boeing 737 MAX jets, worth about $12.7 billion at current list prices

** VISTARA: confirmed an order for six Boeing 787-9 Dreamliners, with an option to buy four more. The deal for the 10 planes would be worth about $2.8 billion at list prices.

** VOLGA DNEPR: committed to buying 29 of Boeing’s 777 freighter aircraft and five of its 747-8 freighter, in a deal worth about $11.8 billion at list prices.

(Compiled by Joao Manuel Mauricio, Katarzyna Piasecka and Anna Pruchnicka in Gdynia; Editing by Mark Potter)

Vietnam’s Bamboo Airways Moves Closer To Startup

July 10, 2018 / WIL BALDWIN

HANOI, July 10 (Reuters) – Fledgling Vietnamese carrier Bamboo Airways moved a step closer to starting operations on Tuesday as the government said it would authorise the transport ministry to issue it with an aviation licence.

Privately owned FLC Group last month agreed a $5.6 billion deal to buy 20 Boeing Co planes at current list prices and in March signed a memorandum of understanding with Airbus for up to 24 planes.

The government said on Tuesday that Bamboo Airways will invest 700 billion dong ($30 million) during 2019-2023 on 10 Airbus or Boeing planes, but it was unclear whether it would rent or buy planes initially.

It will become Vietnam’s fifth airline. It has yet to receive an aviation licence but the government said in a statement on Tuesday that it had authorised “The Ministry of Transportation to evaluate and issue an air transport business license in accordance with the law.”

FLC has said it expects the airline to begin operations in 2019 and launch direct flights to the United States and Europe and position itself as a hybrid airline, combining traditional and low–cost models, the company said in a statement on Tuesday.

Vietnam’s four airlines are flag carrier Vietnam Airlines ; budget operator Jetstar Pacific Airlines which is partly owned by Vietnam Airlines; budget carrier Vietjet Aviation and Vietnam Air Services Co.

The country’s airport capacity has been reaching its limits as fast economic growth means more people in the nation of 90 million are taking flights.

Hanoi-based FLC, whose main businesses are housing, resorts and golfing, had said it planned to operate international flights through Bamboo Airways to tourist spots in Vietnam including where FLC has properties and also plans domestic flights.

($1 = 23,039 dong) (Reporting by Mai Nguyen; Editing by Susan Fenton)

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