Airbus in $9bn deal with VietJetAir for 100 aircrafts

Agreement will fuel expansion of the airline and further secure work at Broughton

Airbus deal with VietJetAir

VIETNAM'S VietJetAir has finalised a major 100 plane order with Airbus.

The purchase agreement covers firm orders for 42 A320neo, 14 A320ceo and 7 A321ceo, plus 30 purchase rights to meet its future expansion plans.

In addition the airline will lease eight more A320 family aircraft from third party lessors.

The $9bn deal further secures work at the company's wing making plant in Broughton.

The order was finalised today at the Singapore Airshow by Nguyen Thi Phuong Thao, Vice Chairwoman and CEO, VietJetAir and Fabrice Brégier, President and CEO, Airbus.

Fabrice Brégier said: "We are pleased to finalise our first purchase agreement with VietJetAir.

"This order reinforces the A320 Family‘s position as the preferred choice in the single aisle market, both for full service and low cost carriers. We look forward to working with VietJetAir as it brings ever more affordable air travel to the fast growing South East Asian market.”

Luu Duc Khanh, Managing Director, VietJetAir, said: "The A320 has proven to be extremely efficient in service with VietJetAir and is a favourite with our passengers.

"Based on this experience, we look forward to developing our business across the Asia-Pacific region. Airbus will be our strategic partner and provide us with the most economic and comfortable aircraft and coordinate with VietJetAir in relevant training programs.”

VietJetAir took to the skies in 2011 and is the first private airline in Vietnam to operate domestic and international flights. Today the airline operates a fleet of 11 leased A320s on a network covering 20 routes, including domestic destinations, Bangkok, Seoul and Kunming in China.

With more than 10,100 aircraft ordered and over 5,900 delivered to over 300 customers and operators worldwide, the A320 Family is the world's best-selling single-aisle aircraft product line.