Bamboo Airways signs $2-bln deal with Safran, GE
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Bamboo Airways has signed a EUR1.73-billion ($2 billion) deal with France’s Safran and the U.S.’s General Electric for aircraft engines and equipment.
The Vietnamese carrier on Wednesday signed a memorandum of understanding with Safran and GE to purchase equipment for 50 narrow-bodied Airbus A321neos and 30 wide-bodied Boeing 787-9s.
Safran makes high-class airplane seats and other cabin equipment.
Bamboo Airways currently operates seven A320neos and 5 A321neos.
“We are looking forward to developing a strong relationship with Bamboo and being part of its future growth,” Alexandre Ziegler, Safran’s senior executive vice president of international and public affairs, said in a statement.
The deals were signed in the presence of Vietnamese Prime Minister Pham Minh Chinh and French Prime Minister Jean Castex during the former’s working visit to France from Nov. 3-5.
Earlier low-cost Vietnamese carrier Vietjet also signed an agreement with Safran.
The two parties had an existing $10-billion deal for engines and engine maintenance, and it has been expanded to cover more aircraft engine deals and a number of other aspects such as seats and interiors.
Vietjet operates a fleet of 90 aircraft.
Safran is a global technology company with interests also in the defense and space markets, 76,000 employees and annual sales of 16.5 billion euros ($19.15 billion).
Questions & Answers
Q.What types of equipment will Safran and GE provide to Bamboo Airways under this deal?
What types of equipment will Safran and GE provide to Bamboo Airways under this deal?
Safran and GE will provide aircraft engines and other equipment for 50 narrow-bodied Airbus A321neos and 30 wide-bodied Boeing 787-9s. Safran specifically manufactures high-class airplane seats and cabin equipment.
Q.Which aircraft models does Bamboo Airways currently operate before this new agreement?
Which aircraft models does Bamboo Airways currently operate before this new agreement?
Bamboo Airways currently operates a fleet consisting of seven A320neos and five A321neos. The new deal will significantly expand its fleet capabilities for future growth.
Q.Was another Vietnamese airline mentioned in the article as having a deal with Safran?
Was another Vietnamese airline mentioned in the article as having a deal with Safran?
Yes, low-cost Vietnamese carrier Vietjet also has an agreement with Safran. Their existing $10-billion deal for engines and maintenance has been expanded to include more engine deals and other aspects like seats.
Q.What was the total value of the deal signed between Bamboo Airways and the two companies?
What was the total value of the deal signed between Bamboo Airways and the two companies?
Bamboo Airways signed a deal worth EUR1.73-billion, which is equivalent to $2 billion. This covers the purchase of aircraft engines and other necessary equipment for their expanded fleet.
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