Vietjet and Boeing have successfully reached an agreement to reaffirm the previously announced order for 200 737 MAX aircraft during 2022 Farnborough International AirShow.
Both sides have agreed on a flexible delivery schedule to support Vietjet’s growth plans, starting with the first 50 aircraft to be delivered to affiliate Thai Vietjet, one of the ‘more favoured’ domestic airlines in Thailand.
Vietjet and Boeing earlier signed order deals totaling 200 B737 Max with a maintenance and technical support package. The first order for 100 B737 Max was announced in 2016, and in 2019, both parties increased the total order to 200 aircraft, a record order for Boeing estimated at around US$35 billion, including engine engineering services.
Despite the delayed delivery of the 737 Max jets of the aircraft’s suspension and the impacts of the pandemic on Boeing’s supply chain, Vietjet said it has weathered through the storms, maintaining excellent operation and finance capability and will continue to grow in the coming time.
As part of the agreement, Boeing is committed to supporting Vietjet with technical services, training, technology transfer, R&D, to ensure lasting and sustainable growth with the highest levels of efficiency, reliability, and affordability.
Vietjet Managing Director Dinh Viet Phuong, said: “Today’s agreement is a milestone in the long-standing and trustful relation between Vietjet and Boeing as well as the Vietnam – U.S trade relation.
These Boeing aircraft will soon take off to Thai sky with investment from international finance resources.”
Vietjet’s order is expected to bring 200,000 jobs to the US labor market and creates a value worth around US$35 billion, including aircraft orders and engine engineering services.
The order is also expected to attract investment into Vietnam’s aviation industry, creating hundreds of thousands of jobs, including airport operations, air traffic control, technical services, training centers, technology transfer, component research and manufacturing.