Vietjet inks strategic aircraft financing agreement with GOAL

Vietjet President  Nguyen Thi Phuong Thao, Vietjet Vice President Dinh Viet Phuong, KGAL CEO Gert Waltenbauer and GOAL Managing Director Jochen Baltes represented both parties in signing the contract as witnessed by Vietnam’s Prime Minister Nguyen Xuan Phuc and high-ranking dignitaries from Vietnam and Germany.

Vietjet Vice President Dinh Viet Phuong (2nd, left) and GOAL Managing Director Jochen Baltes (2nd, right) signed the contract under the witness of Vietjet President & CEO Nguyen Thi Phuong Thao (1st, left) and KGAL CEO Gert Waltenbauer (1st, right).

Vietjet Vice President Dinh Viet Phuong (2nd, left) and GOAL Managing Director Jochen Baltes (2nd, right) signed the contract under the witness of Vietjet President & CEO Nguyen Thi Phuong Thao (1st, left) and KGAL CEO Gert Waltenbauer (1st, right).

The acquisition of the four aircraft is part of the A320 family aircraft contract signed earlier between Vietjet and European aircraft manufacturer Airbus. Vietjet will receive the four aircraft within 2017 to meet expansion plans for the airline’s domestic and international flight network.
Vietjet also recently signed a similar deal with Mitsubishi UFJ Lease & Finance Company Limited (MUL), a member of Japan’s leading finance group Mitsubishi UFJ Financial Group (MUFG) to finance Vietjet’s acquisition of three brand new A321 aircraft, worth US$348 million, according to the manufacturer’s listed price.
Earlier in June at the Paris Airshow 2017 in France, Vietjet also signed a deal with Safran for its SFCO2® fuel efficiency solution. The SFCO2 service contract covers the entire fleet of the Ho Chi Minh City-based airline, which will enhance Vietjet’s operational efficiency by reducing fuel consumption and CO2 emissions.
Meanwhile, in May in the U.S., Vietjet also signed a series of deals worth a total of US$4.7 billion to secure maintenance support for engines, components and other technical services, including auxiliary power unit (APU) supply and APU technical maintenance and aircraft financing (and/or purchasing).

By UYEN PHUONG

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