French Bank to Finance Airbus Purchase by Vietnam Airlines

Calyon Corporate and Investment Bank will lend Vietnam Airlines an undisclosed sum of money to purchase ten Airbus A321 planes.

Airbus A321

The subsidiary of France’s Credit Agricole Group signed the loan agreement with the national carrier in Ha Noi today.

Vietnam Airlines placed the US$750-million order with Airbus back in December 2004, but very little news about the deal’s progress has been leaked until today.

The Export-Import Bank of the United States (Eximbank) is also planning to finance the purchase of aircraft by Vietnam Airlines, having reached a provisional agreement to lend US$410 million for buying four Boeing 787-7s.

Prime Minister Nguyen Tan Dung recently told the carrier not to tarry but to purchase the 14 jet liners as soon as possible.

Source Vneconomy – Translated by Kim Khanh

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