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

By: |
Hanoi | September 6, 2016 11:43 AM

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.

Airbus-l-reuBudget airline Jetstar Pacific will buy 10 A320 planes from Airbus Group for about $1 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.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Joe Biden pushes elusive ‘Buy American’ goal with new federal contract guidelines
210 dead, one still missing in China’s gold mine blast
3Joe Biden to reinstate COVID travel rules, add South Africa