Vietnam’s Bamboo Airways commits to 20 Boeing aircraft
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Boeing Co (BA.N) said on Monday entered into an agreement to sell 20 of its widebody long-haul aircraft to Vietnamese startup Bamboo Airways in a $5.6 billion deal at current list prices.
As part of the deal, which is yet to be finalized, FLC Group-owned FLC.HM Bamboo Airways has made a deposit in mid-June to reserve the 787-9 Dreamliners, whose delivery is likely to begin from April 2020, through 2021, Boeing said.
Bamboo Airways plans to begin commercial operations next year out of Hanoi.
FLC Group has also signed an initial agreement with Airbus SE (AIR.PA) in March for up to 24 A321neo aircraft.
Questions & Answers
Q.Which aircraft models are Bamboo Airways purchasing from Boeing?
Which aircraft models are Bamboo Airways purchasing from Boeing?
Bamboo Airways has committed to buying 20 of Boeing's widebody long-haul aircraft. Specifically, these will be the 787-9 Dreamliners, a model known for long-distance travel capabilities.
Q.When does Boeing expect to begin delivering the ordered aircraft to Bamboo Airways?
When does Boeing expect to begin delivering the ordered aircraft to Bamboo Airways?
Boeing has indicated that the delivery of the 787-9 Dreamliners to Bamboo Airways is expected to commence from April 2020. Deliveries are then planned to continue through to 2021.
Q.Has Bamboo Airways made any other significant aircraft orders recently?
Has Bamboo Airways made any other significant aircraft orders recently?
Yes, Bamboo Airways previously signed an initial agreement with Airbus SE in March. That deal was for up to 24 A321neo aircraft, which are typically used for shorter to medium-haul routes.
Q.What is the estimated value of the aircraft deal between Boeing and Bamboo Airways?
What is the estimated value of the aircraft deal between Boeing and Bamboo Airways?
The agreement to purchase 20 Boeing 787-9 Dreamliners is valued at $5.6 billion. This figure is based on the current list prices for these widebody long-haul aircraft.
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