Vietjet and US group sign aircraft sponsorship worth USD550 million

Tuesday, 12/09/2023 15:57
Vietjet Airlines and major US financial group Carlyle signed an aircraft sponsorship agreement worth USD550 million on the occasion of US President Joe Biden's official visit to Vietnam.
Vietjet President Nguyen Thi Phuong Thao (middle) witnesses the signing of an aircraft sponsorship agreement between Carlyle Aviation Partners and Vietjet. (Photo: NDO)

Carlyle Aviation Partners Company, a member of the Carlyle Group, will provide finance for the Boeing 737 Max aircraft series under the order of 200 aircraft for Vietjet from Boeing. This was an important aircraft order and one of the largest commercial contracts between Vietnam and the US so far, making an important contribution to the trade balance.

Mr. Robert Korn, Chairman of Carlyle Aviation Partners, said that Carlyle Aviation Partners is a long-term strategic partner of Vietjet.

The first aircraft of the order will be delivered to Thai Vietjet, an airline founded by Vietjet and currently one of the leading airlines in Thailand with the Vietjet brand and image loved by people in the region.

During the official visit of US President Joe Biden to Vietnam, Vietjet and Boeing agreed on the program to hand over the first aircraft to Vietjet according to the order of 200 B737 Max aircraft. The order, worth more than USD25 billion, will be implemented over the next 5 years with the first 12 aircraft delivered in 2024.

Carlyle Aviation Partners company operates in the field of global aircraft finance and leasing, established in 2002, headquartered in Miami, Florida, US, and currently manages 396 aircraft in 59 countries in the world. Carlyle Financial Group currently manages total assets of up to USD385 billion.

New generation airline Vietjet leads the revolution in the aviation industry in Vietnam, the region and the world. Vietjet is an official member of the International Air Transport Association (IATA) and possesses the IATA Operational Safety Audit (IOSA). Vietnam's largest private airline is ranked 7 stars - the highest in the world for aviation safety by the prestigious organization AirlineRatings, top 50 best airlines globally in terms of operations and financial health in 2018 and 2019 by AirFinance Journal, and continuously receives best low-cost airline awards from prestigious organizations such as Skytrax, CAPA and AirlineRatings./.

Compiled by BTA