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Vietjet signs deals worth USD 4.7 billion

(Washington D.C., May 31, 2017) - Vietjet Aviation Joint Stock Company yesterday signed an agreement with CFM International - a joint venture of GE and Safran, in Washington on supporting 215 engines to power the airline’s fleet under the witnesses of Vietnam’s Prime Minister Nguyen Xuan Phuc and U.S. Secretary of Commerce Wilbur L. Ross, Jr. The 12 yearlong agreement which is valued at USD 3.58 billion includes other technical services, engines and components maintenance. Speaking at the signing ceremony, Vietjet’s President and CEO Nguyen Thi Phuong Thao said: “We are orienting our fleet to aircraft families and engines which are of efficient fuel consumption and environment friendly. The engines under today agreement will help us to save up to 15 percent of fuel consumption as well as to obtain other comprehensive services in technical support, maintenance and training. It is our great honor to be a partner of GE and CFM International. Thanks to this agreement, Vietjet’s fleet can enjoy new technical and technological advances which enhance our flight quality and operation reliability and reduce costs. We strongly believe that this agreement will promote economic and trade exchange between the two countries and create million jobs for the two peoples.” “We appreciate the high level of confidence this agreement shows in CFM and in our ability to support Vietjet over the long term,” said Gaël Méheust, President and CEO of CFM International.  “It has been an honor to be a part of the very dynamic and exciting team for the last six years.  It is a privilege to know that this very special relationship will continue for many more years to come.” On this occasion, Vietjet and GECAS under GE signed a Memorandum of Understanding in aircraft financing worth USD 1 billion. Accordingly, GECAS will support Vietjet to finance and/or purchase and enter into leaseback arrangement of 10 aircraft ordered by Vietjet.   Vietjet and Honeywell Aviation also inked an agreement on auxiliary power unit supply and technical maintenance to power the airline’s 98 airplanes. The agreement which is worth USD 180 million, is aimed to help Vietjet’s fleet be maintained under world leading standards.
About CFM International LEAP-1B engines are a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines.   The LEAP engine family is the fastest-selling in aviation history with more than 10,500 orders place through April 2016.  For more information concerning CFM, visit us on the Web at www.cfmaeroengines.com  About GE Capital Aviation Services (GECAS) GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing.  With over 45 years of experience, GECAS offers a wide range of aircraft types including narrowbodies, widebodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting.  GECAS owns or services a fleet of over 1,950 aircraft serving around 270 customers in over 75 countries. For more information, please visit the web at www.gecas.com  About Vietjet: Established in 2007, Vietjet officially launched operations in December 2011. After five years of operations, the airline has flown over 35 million passengers, and been awarded 32 domestic and nine international accolades such as one of the Top 500 Brands in Asia 2016, “The Best Asian Low Cost Carrier 2015” at the TTG Travel Awards 2015, etc. Currently, the airline boasts a fleet of 45 aircraft, including A320s and A321s, and operates over 300 flights per day. It currently operates 63 routes in Vietnam and across the region to international destinations such as Hong Kong, Thailand, Singapore, South Korea, Taiwan, Malaysia, Cambodia, China and Myanmar. For more information, please visit the web at www.vietjetair.com    Like Vietjet on Facebook, https://www.facebook.com/Vietjethongkong, follow us on Twitter, @Vietjetvietnam, and watch our videos at https://www.youtube.com/user/Vietjetvietnam    Next News Update
MissBitchy Created by the SnS Team
Copyright 2018 - 2019 Hi-Tech Development Co., Ltd. All rights reserved  

News

Vietjet signs deals worth USD 4.7 billion

(Washington D.C., May 31, 2017) - Vietjet Aviation Joint Stock Company yesterday signed an agreement with CFM International - a joint venture of GE and Safran, in Washington on supporting 215 engines to power the airline’s fleet under the witnesses of Vietnam’s Prime Minister Nguyen Xuan Phuc and U.S. Secretary of Commerce Wilbur L. Ross, Jr. The 12 yearlong agreement which is valued at USD 3.58 billion includes other technical services, engines and components maintenance. Speaking at the signing ceremony, Vietjet’s President and CEO Nguyen Thi Phuong Thao said:  “We are orienting our fleet to aircraft families and engines which are of efficient fuel consumption and environment friendly. The engines under today agreement will help us to save up to 15 percent of fuel consumption as well as to obtain other comprehensive services in technical support, maintenance and training. It is our great honor to be a partner of GE and CFM International. Thanks to this agreement, Vietjet’s fleet can enjoy new technical and technological advances which enhance our flight quality and operation reliability and reduce costs. We strongly believe that this agreement will promote economic and trade exchange between the two countries and create million jobs for the two peoples.” “We appreciate the high level of confidence this agreement shows in CFM and in our ability to support Vietjet over the long term,” said Gaël Méheust, President and CEO of CFM International.  “It has been an honor to be a part of the very dynamic and exciting team for the last six years.  It is a privilege to know that this very special relationship will continue for many more years to come.” On this occasion, Vietjet and GECAS under GE signed a Memorandum of Understanding in aircraft financing worth USD 1 billion. Accordingly, GECAS will support Vietjet to finance and/or purchase and enter into leaseback arrangement of 10 aircraft ordered by Vietjet.   Vietjet and Honeywell Aviation also inked an agreement on auxiliary power unit supply and technical maintenance to power the airline’s 98 airplanes. The agreement which is worth USD 180 million, is aimed to help Vietjet’s fleet be maintained under world leading standards.
About CFM International LEAP-1B engines are a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines.   The LEAP engine family is the fastest-selling in aviation history with more than 10,500 orders place through April 2016.  For more information concerning CFM, visit us on the Web at www.cfmaeroengines.com  About GE Capital Aviation Services (GECAS) GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing.  With over 45 years of experience, GECAS offers a wide range of aircraft types including narrowbodies, widebodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting.  GECAS owns or services a fleet of over 1,950 aircraft serving around 270 customers in over 75 countries. For more information, please visit the web at www.gecas.com  About Vietjet: Established in 2007, Vietjet officially launched operations in December 2011. After five years of operations, the airline has flown over 35 million passengers, and been awarded 32 domestic and nine international accolades such as one of the Top 500 Brands in Asia 2016, “The Best Asian Low Cost Carrier 2015” at the TTG Travel Awards 2015, etc. Currently, the airline boasts a fleet of 45 aircraft, including A320s and A321s, and operates over 300 flights per day. It currently operates 63 routes in Vietnam and across the region to international destinations such as Hong Kong, Thailand, Singapore, South Korea, Taiwan, Malaysia, Cambodia, China and Myanmar. For more information, please visit the web at www.vietjetair.com    Like Vietjet on Facebook, https://www.facebook.com/Vietjethongkong, follow us on Twitter, @Vietjetvietnam, and watch our videos at https://www.youtube.com/user/Vietjetvietnam    Next News Update