VietJet Places $11bn Order With Boeing

VietJet

VietJet Air has ordered 100 Boeing 737MAX 200 aircraft valued at $11.3bn, but after discounts the deal can likely be valued at $5bn. The deal is announced during President Obama’s visit to Vietnam, but seemed to have been finalized on the 20th or 21st of May already.

The deal is part of VietJet’s rapid expansion plans that aims to grow the fleet beyond 200 aircraft. After Rynaiair, VietJet becomes the second customer for the Boeing 737 MAX 200. The MAX 200 is equipped with an extra emergency door, allowing for a maximum capacity of 200 aircraft and is developed to meet the wishes of low cost carriers.

To date the Boeing 737MAX has gained almost 3000 orders, trailing its Airbus counterpart.

President Obama has also announced that it will life the arms embargo against Vietnam. This could open up opportunities for US companies such as Boeing.

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