Posted on: 12 September 2015 by Mark Howells
As the result of a new Memorandum of Understanding (MoU) between Vietjet and Mitsubishi UFJ Lease & Finance Company Limited (MUL), the latter will finance the leasing and acquisition of three brand new Airbus A321 aircraft on behalf of the airline.
The three new aircraft are worth US$347.2 million according to the manufacturer’s listed price and are part of a contract between Vietjet and Airbus which will see the carrier purchasing and/or leasing a total of 107 aircraft from the OEM in the coming years.
The MoU was signed in Tokyo and witnessed by Nguyen Phu Trong, general secretary of the Communist Party of Vietnam, and Japan’s Prime Minister, Shinzo Abe. Under the terms of the MoU, MUL and Vietjet will also work together to share best practices in airline operation and management.
As planned, Vietjet will receive between 10 and 12 new aircraft every year until its contract with Airbus is complete. The airline has taken delivery of eight A321s and A320s to date.