Bamboo Airways to sign deal for 10 Boeing planes during Trump-Kim summit
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Vietnam’s newest carrier, Bamboo Airways, which began flying last month, is set to sign a deal with Boeing to buy 10 aircraft. The signing will take place on the sidelines of the second summit between U.S. President Donald Trump and North Korean leader Kim Jong-un in Hanoi on Wednesday and Thursday, an unnamed airline executive said. In July last year the airline had signed a provisional deal to buy 20 Boeing 787-9 wide-body jets worth $5.6 billion at list prices.
“We will sign with Boeing a deal to buy 10 Boeing 787s,” the executive said. “This is different from the deal signed earlier for 20 Boeing planes.”
The U.S. Federal Aviation Administration (FAA) recently allowed Vietnam to operate direct flights to the U.S.
Bamboo Airways and other Vietnamese airlines have expressed interest in operating direct flights to that country.
Bamboo was set up by private conglomerate FLC in 2017 with a charter capital of VND700 billion ($30 million), which it recently increased to VND1.3 trillion ($55.68 million).
Budget airline Vietjet also plans to sign on the sidelines of the summit a deal to buy 100 narrow-body Boeing aircraft.
Vietnam’s aviation industry is booming demand. The country welcomed 12.5 million air passengers last year, up 14.4 percent from 2017, according to the General Statistics Office.
Questions & Answers
Q.Which other Vietnamese airline is also planning a deal with Boeing at the same summit?
Which other Vietnamese airline is also planning a deal with Boeing at the same summit?
Budget airline Vietjet also plans to sign a deal with Boeing for 100 narrow-body aircraft. This signing will also take place on the sidelines of the summit in Hanoi.
Q.How much capital did Bamboo Airways initially have when it was established?
How much capital did Bamboo Airways initially have when it was established?
Bamboo Airways was set up in 2017 with an initial charter capital of VND700 billion, which was equivalent to $30 million at the time. This has since been increased.
Q.What was the total number of air passengers in Vietnam last year, and how much did it grow?
What was the total number of air passengers in Vietnam last year, and how much did it grow?
Vietnam welcomed 12.5 million air passengers last year, indicating a significant increase in demand. This figure represents a 14.4 percent rise compared to 2017.
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