Vietjet announces major U.S. agreements worth over US$6.3 billion
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Vietjet has signed multiple strategic agreements with leading U.S. corporations and financial institutions, with a total value exceeding US$6.3 billion (approx. SGD7.99 billion). The signing ceremony took place in the presence of Vietnam’s General Secretary To Lam, alongside senior Vietnamese and U.S. government officials in Washington, D.C., where General Secretary To Lam attended the opening session of the United States-led Board of Peace, an international body established to support peace, stability, and reconstruction in Gaza, at the invitation of U.S. President Donald Trump.
The event comes amid continued momentum in Vietnam–U.S. relations, particularly across the economic, financial, and technology sectors. On this occasion, the State Bank of Vietnam and the U.S. Department of the Treasury also issued a joint statement reaffirming their commitment to enhanced cooperation under the Vietnam–U.S. Macroeconomic and Financial Policy Dialogue framework.
As Vietjet continues to expand its international network, the strengthened fleet and financing capacity also support growth in high-demand regional markets, including Singapore where Vietjet currently operates direct routes linking Singapore with Hanoi, Ho Chi Minh City, Da Nang and Phu Quoc.
US$5.4 Billion (Approx. SGD6.85 Billion) Engine and Maintenance Services Agreement with Pratt & Whitney
Vietjet and Pratt & Whitney, an RTX business, a global leader in aircraft engines and engine services headquartered in the United States, signed an agreement covering the selection of Pratt & Whitney GTFTM engines, and comprehensive maintenance services for 44 A321NEO and A321XLR aircraft. The total estimated value of the contract is approximately US$5.4 billion (approx. SGD6.85 billion).
Under the agreement, Pratt & Whitney will provide new-generation engines to optimise operational performance, reduce operating costs, and lower emissions, advancing Vietjet’s sustainable development and green transition strategy.
Boeing 737-8 Aircraft Financing Agreement with U.S. Partner
“SGD6.85 Billion) Engine and Maintenance Services Agreement with Pratt & Whitney”
Vietjet also signed an aircraft financing agreement with Griffin Global Asset Management to finance six Boeing 737-8 aircraft, valued at approximately US$965 million (approx. SGD1.22 billion) at list prices.
The agreement marks a significant step in Vietjet’s strategy to diversify international funding sources while strengthening its financial capacity and capital structure in line with global standards.
A Milestone in Vietnam–U.S. Aviation and Economic Cooperation
With a combined value exceeding US$6.3 billion (approx. SGD7.99 billion), the agreements carry significance beyond their commercial impact. They support deeper collaboration in technology and finance, contribute to job creation, and strengthen value chain integration between the two economies.
Vietjet Managing Director Nguyen Thanh Son said: “These agreements in the United States reflect Vietjet’s strong commitment to expanding the scale of international partnerships and developing a modern, sustainable fleet. They provide a solid foundation to enhance our financial strength, elevate operational standards, and support long-term growth for the aviation industry in Vietnam and globally.”
The strategic agreements signed in Washington, D.C. reinforce Vietjet’s long-term vision as a dynamic, globally integrated aviation group with strong international competitiveness.
They also contribute to advancing the Vietnam–U.S. Comprehensive Strategic Partnership by promoting capital flows, technology collaboration, and value chain integration in a new phase of economic development.
Questions & Answers
Q.What types of services and equipment are covered by the agreements Vietjet signed with US companies?
What types of services and equipment are covered by the agreements Vietjet signed with US companies?
The agreements cover the selection of Pratt & Whitney GTFTM engines and comprehensive maintenance services for 44 A321NEO and A321XLR aircraft. Also, there is an aircraft financing agreement for six Boeing 737-8 aircraft.
Q.How do these new agreements support Vietjet's expansion into new markets?
How do these new agreements support Vietjet's expansion into new markets?
The strengthened fleet and financing capacity from these agreements support growth in high-demand regional markets. This includes Singapore, where Vietjet already operates direct routes linking it with several Vietnamese cities.
Q.Who was present at the signing ceremony for these agreements?
Who was present at the signing ceremony for these agreements?
Vietnam’s General Secretary To Lam attended the signing ceremony. Senior Vietnamese and U.S. Government officials were also present in Washington, D.C., where the event took place.
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