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  1. Airbus says seals $6.5 billion orders of 40 jets in Vietnam

Airbus says seals $6.5 billion orders of 40 jets in Vietnam

Airbus has agreed to sell 40 jets to Vietnamese airlines in deals worth an estimated $6.5 billion, the European planemaker said on Tuesday, a key milestone in a fast-growing and competitive aviation market.

By: | Hanoi | Published: September 6, 2016 11:43 AM
Airbus-l-reu Budget airline Jetstar Pacific will buy 10 A320 planes from Airbus Group for about billion as it expands its domestic and international network. (Source: Reuters)

Airbus has agreed to sell 40 jets to Vietnamese airlines in deals worth an estimated $6.5 billion, the European planemaker said on Tuesday, a key milestone in a fast-growing and competitive aviation market.

Budget airline Jetstar Pacific will buy 10 A320 planes from Airbus Group for about $1 billion as it expands its domestic and international network.

Airbus also signed deals to sell 20 A321s to VietJet, the country’s only private airline, for $2.39 billion, and 10 additional A350 planes to Vietnam Airlines for $3.1 billion. Vietnam Airlines, the country’s flagship carrier, will use the aircraft on non-stop flights to the United States.

Jetstar Pacific – 70 percent owned by national flag carrier Vietnam Airlines and 30 percent by Australia’s Qantas Airways – said its 10 planes would be delivered in 2017.

The deals were signed at the start of a two-day visit to the Southeast Asian nation by French President Francois Hollande.

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