Friday, April 25, 2025
4:22 AM
Doha,Qatar
A VietJet A320 airplane is seen while parking before departure

Vietnamese airlines order 40 Airbus jets worth $6.5 bn

* Vietnam Airlines to buy 10 A350 jets for $3.1 bn
* VietJet orders 20 A321s for $2.4 bn
* Jetstar Pacific orders 10 A320 planes for about $1 bn

Vietnamese airlines plan to order 40 Airbus jets in deals worth an estimated $6.5 billion, the European planemaker said on Tuesday, as they expand their fleets for a small but fast-growing market.

Strong economic growth and a burgeoning middle class has increased demand for travel both domestically and abroad, spurring carriers to increase routes.

In deals announced at the start of a two-day visit to the Southeast Asian nation by French President Francois Hollande, Vietnam Airlines, the country's flagship carrier, reached a preliminary agreement for 10 A350 planes worth $3.1 billion.

The widebody aircraft will allow the airline to expand its long-haul network, beginning with services between Ho Chi Minh City and Los Angeles.

Budget airline Jetstar Pacific - controlled by Vietnam Airlines and 30 percent owned by Australia's Qantas Airways - finalised its order for 10 A320 single-aisle planes valued at about $1 billion.

VietJet, the country's only private airline, placed a firm order for 20 A321s - worth $2.4 billion.

VietJet has been rapidly expanding both at home and in Southeast Asia and the deal comes on top of an order for 100 Boeing 737 MAX 200 jets in May worth $11.3 billion at list prices - the biggest aircraft order in the country's history.

The CAPA Centre for Aviation said in January that VietJet commands 40 percent of Vietnam's domestic market and it will likely surpass Vietnam Airlines this year as the country's biggest domestic carrier.

(Reporting by Ho Binh Minh; Editing by Edwina Gibbs)

Comments
  • There are no comments.

Add Comments

B1Details

Latest News

SPORT

Canada's youngsters set stage for new era

Saying goodbye is never easy, especially when you are saying farewell to those that have left a positive impression. That was the case earlier this month when Canada hosted Mexico in a friendly at BC Place stadium in Vancouver.

1:43 PM February 26 2017
TECHNOLOGY

A payment plan for universal education

Some 60mn primary-school-age children have no access to formal education

11:46 AM December 14 2016
CULTURE

10-man Lekhwiya leave it late to draw Rayyan 2-2

Lekhwiya’s El Arabi scores the equaliser after Tresor is sent off; Tabata, al-Harazi score for QSL champions

7:10 AM November 26 2016
ARABIA

Yemeni minister hopes 48-hour truce will be maintained

The Yemeni Minister of Tourism, Dr Mohamed Abdul Majid Qubati, yesterday expressed hope that the 48-hour ceasefire in Yemen declared by the Command of Coalition Forces on Saturday will be maintained in order to lift the siege imposed on Taz City and ease the entry of humanitarian aid to the besieged

10:30 AM November 27 2016
ARABIA

QM initiative aims to educate society on arts and heritage

Some 200 teachers from schools across the country attended Qatar Museum’s (QM) first ever Teachers Council at the Museum of Islamic Art (MIA) yesterday.

10:55 PM November 27 2016
ARABIA

Qatar, Indonesia to boost judicial ties

The Supreme Judiciary Council (SJC) of Qatar and the Indonesian Supreme Court (SCI) have signed a Memorandum of Understanding (MoU) on judicial co-operation, it was announced yesterday.

10:30 AM November 28 2016
ECONOMY

Sri Lanka eyes Qatar LNG to fuel power plants in ‘clean energy shift’

Sri Lanka is keen on importing liquefied natural gas (LNG) from Qatar as part of government policy to shift to clean energy, Minister of City Planning and Water Supply Rauff Hakeem has said.

10:25 AM November 12 2016
B2Details
C7Details