{"id":182059,"date":"2025-04-12T05:52:36","date_gmt":"2025-04-12T05:52:36","guid":{"rendered":"https:\/\/peraltafinancing.com\/aerospace\/vietjet-air-av-airfinance-sign-300m-fleet-expansion-deal\/"},"modified":"2025-04-12T05:52:36","modified_gmt":"2025-04-12T05:52:36","slug":"vietjet-air-av-airfinance-sign-300m-fleet-expansion-deal","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=182059","title":{"rendered":"Vietjet Air, AV AirFinance sign $300m fleet expansion deal"},"content":{"rendered":"


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The funds will help Vietjet Air acquire nearly 300 new aircraft between 2025 and 2027. Credit: Duc Huy Nguyen\/Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

Vietnamese airline Vietjet Air has entered into a financial agreement worth $300m with AV AirFinance to expand its fleet.<\/p>\n

The agreement is part of efforts to strengthen economic and trade relations between the US and Vietnam.<\/p>\n

It is part of several aircraft financing transactions, under which Vietjet has secured more than $4bn from US financial institutions.<\/p>\n

These funds will support the airline\u2019s plan to introduce nearly 300 new aircraft from 2025 to 2027.<\/p>\n

The first deliveries of Boeing 737 MAX aircraft, from an order of 200 valued at more than $24bn, are expected to commence in 2025.<\/p>\n

This order was initially announced in February 2019, during a visit by US President Donald Trump to Vietnam.<\/p>\n

AV AirFinance CEO Stephen Murphy said: \u201cWe are delighted to be a long-term strategic partner of Vietjet. This new commitment reflects our strong relationship and willingness to support Vietjet\u2019s resurgent growth in the Asia-Pacific region via new generation aircraft.\u201d<\/p>\n

Vietjet is also in discussions to expand this order further as part of its global growth strategy.<\/p>\n

In addition to its collaboration with Boeing, Vietjet has formed partnerships with US companies, including GE, Pratt & Whitney, and Honeywell, with contracts totalling $50bn. Ongoing negotiations may add another $14bn to this figure.<\/p>\n

The airline\u2019s agreements with GE and Pratt & Whitney for engine and technical services alone exceed $10bn.<\/p>\n

Vietjet is also enhancing its technology partnerships with firms such as Microsoft, Apple, and Google and exploring collaboration with SpaceX to incorporate advanced technologies into its fleet.<\/p>\n

Currently, Vietjet operates a fleet of more than 115 fuel-efficient aircraft, with more than 400 additional aircraft on order.<\/p>\n

Vietjet chairwoman Dr Nguyen Thi Phuong Thao said: \u201cI am steadfast\u00a0in my commitment to working tirelessly and fostering global partnerships that help bridge cultures, economies, and technologies between Vietnam, the US, and the wider world.\u201d<\/p>\n

In February this year, Vietjet partnered with OpenAirlines to enhance its flight operations using AI-based technology.<\/p>\n

As the first airline in Vietnam to adopt SkyBreathe, Vietjet will utilise this AI-driven platform to analyse flight data and optimise fuel consumption by integrating information from various sources, including aircraft data and fuel reports.<\/p>\n

In 2019, Vietjet confirmed an order<\/a> for 15 A321XLR aircraft from Airbus.<\/p>\n

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