Vietjet, a Vietnamese low-cost carrier, has finalized a massive $965 million financing agreement with Griffin Global Asset Management to acquire six new Boeing 737-8 aircraft. The airline also revealed details of a separate $5.4 billion engine deal with Pratt & Whitney for maintenance and supply services.
A Vietnamese budget airline has completed a major financing agreement worth nearly $1 billion to expand its fleet with new Boeing aircraft.
Vietjet announced Thursday that it has finalized the $965 million deal with Griffin Global Asset Management to acquire six Boeing 737-8 planes. According to the airline’s statement, this arrangement represents an important milestone in the company’s efforts to expand its international financing partnerships.
The financing agreement was completed while Vietnam’s Communist Party leader To Lam was visiting the United States for the first meeting of the Board of Peace, an initiative established by President Donald Trump aimed at resolving international conflicts.
In additional news from the carrier, Vietjet disclosed Thursday that a previously announced contract with Pratt & Whitney, which is owned by RTX, carries a total value of $5.4 billion. This comprehensive agreement covers both the supply and ongoing maintenance of 44 engines designed for A321neo and A321XLR aircraft models.
The engine contract was initially revealed during last month’s Singapore Airshow but the financial details had not been previously disclosed.
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