Vietjet Air, Boeing restructure 200 aircraft deal
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Vietjet Air and Boeing have officially signed a restructuring agreement to continue a contract to purchase 200 Boeing 737 aircraft.
Under the agreement signed at the 2022 Farnborough International Airshow from July 18-22, Boeing and budget carrier Vietjet Air have agreed on a flexible delivery schedule in line with Vietjet’s global business plan to complete this important deal.
The first aircraft of the deal will be delivered to Vietjet Thailand, the Vietnamese carrier’s Thai subsidiary.
The agreement affirms Boeing’s commitment to support Vietjet with training, technical services, technology transfer, research and investment, facilitating long-term development and sustainability of both corporations.
In 2016, Vietjet signed a deal to purchase 100 Boeing aircraft when the then US President Barack Obama was visiting Vietnam. Three years later, both sides agreed to raise the total number of aircraft to 200 when the then US President Donald Trump visited Hanoi.
The deal is being resumed this year after the hiatus triggered by an unexpected incident with the Boeing 737 Max aircraft and the Covid-19 pandemic.
Questions & Answers
Q.What prompted the need for Vietjet Air and Boeing to restructure their aircraft purchase agreement?
What prompted the need for Vietjet Air and Boeing to restructure their aircraft purchase agreement?
The agreement was resumed and restructured this year following a hiatus. This break was triggered by an unexpected incident involving the Boeing 737 Max aircraft and the subsequent Covid-19 pandemic, affecting delivery schedules.
Q.When was the original deal for 200 aircraft between Vietjet and Boeing first established?
When was the original deal for 200 aircraft between Vietjet and Boeing first established?
Vietjet initially signed a deal for 100 Boeing aircraft in 2016, during US President Barack Obama's visit to Vietnam. This number was later increased to 200 in 2019 when US President Donald Trump visited Hanoi.
Q.Which of Vietjet's operations will receive the first aircraft from this restructured deal?
Which of Vietjet's operations will receive the first aircraft from this restructured deal?
The first aircraft to be delivered as part of this restructured agreement will be allocated to Vietjet Thailand. This entity is the Vietnamese carrier’s Thai subsidiary, indicating a focus on international expansion.
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