Posted on: 09 July 2015 by Ross McSweeny
Vietjet Air has signed a Memorandum of Collaboration (MOC) with Boeing which will lead to the parties examining future business opportunities together.
Nguyen Thanh Hung, Vietjet’s vice-chairman and Stanley Roth, vice-president, government relations, Boeing International, signed the deal in the presence of His Excellency Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam, in his first official visit to the United States to mark the 20th anniversary of the normalisation of relations between the United States and Vietnam.
The MOC calls for both parties “to initiate diligent and co-operative efforts to support the goal of expanding Vietjet’s fleet with Boeing commercial jet aircraft and related goods and services. Boeing and Vietjet are also committed to working together in good faith with a view to the potential acquisition of Boeing aircraft while holding further discussions in areas including, but not limited to, fleet planning, commercial terms, flight and maintenance training, marketing and branding, and financing”.
Although Vietjet has orders for more than 100 Airbus A320 family aircraft (both ceos and neos), its president and CEO Nguyen Thi Phuong Tao admitted during the Paris Air Show that the airline has low-fare, long-haul ambitions and that all manufacturers’ aircraft would be considered for such operations.
During General Secretary Trong’s visit to the US, VietJet also signed a Memorandum of Understanding (MOU) with JPMorgan Chase for the US bank to advise and arrange financing in ECA supported aircraft purchases and leases for Vietjet’s current and future contracts.
Additionally, the carrier signed a MOU with Honeywell Aerospace which calls for both parties to explore more opportunities for Vietjet to select and install Honeywell’s APU and avionics suite for new aircraft to be delivered between now and 2017.