Latest news with #NguyenThiPhuongThao
Daily Tribune
2 days ago
- Business
- Daily Tribune
Vietnam's Vietjet orders 100 Airbus A321neo planes
Vietnamese carrier Vietjet has ordered 100 single-aisle A321neo jets from Airbus, the European plane maker said Tuesday in the latest deal announced at the Paris Air Show. The deal would be worth almost $13 billion under 2018 catalogue prices. It includes an option for Vietjet, Vietnam's largest private airline, to buy a further 50 of the jets at a later date. 'This new agreement marks a significant milestone in our strategic partnership with Airbus,' said Vietjet chairwoman Nguyen Thi Phuong Thao. 'These modern and efficient aircraft have been instrumental in Vietjet's growth, helping us make air travel more accessible and affordable for millions, while strengthening our role as a connector for economic development, cultural exchange and global connectivity,' she added. Airbus executive vice president Benoit de Saint-Exupery noted the deal followed hot on the heels of a new order by Vietjet for 20 A330neo widebody aircraft. 'Together the A321neo and A330neo will be perfect partners for Vietjet to continue to spread its wings, efficiently matching capacity more closely to demand across its network,' he said in a statement. Vietjet operates a fleet of more than 100 Airbus aircraft. As of the end of May, more than 7,000 A321neo aircraft -- the largest of Airbus' best-selling A320neo family -- have been ordered by over 90 customers worldwide, Airbus said. The Vietjet deal came a day after Airbus announced orders for a total of more than 100 planes from Saudi companies Riyadh Air and AviLease and Polish airline LOT. Those deals were worth nearly $20 billion at 2018 catalogue prices -- which Airbus has since phased out, as final sale prices vary according to contract terms and the version of an aircraft. Airbus rival Boeing has meanwhile said its focus at the Paris Air Show is on 'supporting customers' after the Air India crash last week.
Kuwait Times
2 days ago
- Business
- Kuwait Times
Vietnam's Vietjet orders 100 Airbus A321neo planes
LE BOURGET: Attendees tour the Paris International Air Show at the Paris–Le Bourget Airport, north of Paris, on June 17, 2025. – AFP LE BOURGET: Vietnamese carrier Vietjet has ordered 100 single-aisle A321neo jets from Airbus, the European plane maker said Tuesday in the latest deal announced at the Paris Air Show. The deal would be worth almost $13 billion under 2018 catalogue prices. It includes an option for Vietjet, Vietnam's largest private airline, to buy a further 50 of the jets at a later date. 'This new agreement marks a significant milestone in our strategic partnership with Airbus,' said Vietjet chairwoman Nguyen Thi Phuong Thao. 'These modern and efficient aircraft have been instrumental in Vietjet's growth, helping us make air travel more accessible and affordable for millions, while strengthening our role as a connector for economic development, cultural exchange and global connectivity,' she added. Airbus executive vice president Benoit de Saint-Exupery noted the deal followed hot on the heels of a new order by Vietjet for 20 A330neo widebody aircraft. 'Together the A321neo and A330neo will be perfect partners for Vietjet to continue to spread its wings, efficiently matching capacity more closely to demand across its network,' he said in a statement. Vietjet operates a fleet of more than 100 Airbus aircraft. As of the end of May, more than 7,000 A321neo aircraft—the largest of Airbus' best-selling A320neo family—have been ordered by over 90 customers worldwide, Airbus said. The Vietjet deal came a day after Airbus announced orders for a total of more than 100 planes from Saudi companies Riyadh Air and AviLease and Polish airline LOT. Those deals were worth nearly $20 billion at 2018 catalogue prices—which Airbus has since phased out, as final sale prices vary according to contract terms and the version of an aircraft. Airbus rival Boeing has meanwhile said its focus at the Paris Air Show is on 'supporting customers' after the Air India crash last week.- AFP
Al Jazeera
3 days ago
- Business
- Al Jazeera
Airbus strikes Vietjet deal at Paris Air Show, hopes for tariff rollback
Airbus has struck a deal with Vietnamese budget airline Vietjet for up to 150 single-aisle jets at the Paris Air Show as the aviation industry's hopes to return to a tariff-free trade agreement were given a boost by United States Transportation Secretary Sean Duffy. The French planemaker announced the deal on Tuesday. Airbus is the main supplier of jets to Vietnam, accounting for 86 percent of the planes currently operated by Vietnamese airlines. The export-dependent Southeast Asian country is under pressure from Washington to buy more US goods. Vietjet Chairwoman Nguyen Thi Phuong Thao said the scale of the airline's orders was backed by plans to develop a major aviation hub in Vietnam, which Airbus says has seen its aviation market grow by 7.5 percent a year. A deal for 150 A321neos could be worth around $9.4bn, according to estimated prices provided by Cirium Ascend. The agreement was the latest in a flurry of business announced by Airbus at the world's biggest aviation trade fair in Paris, France. Airbus has made gains against its chief competitor Boeing as airlines reconsider purchases of the US-made jets amid ongoing tariff threats in recent months. In May, budget airline Ryanair threatened to pull orders of Boeing aircraft amid tariff threats. Duffy said he wanted civil aviation to return to a 1979 zero-tariff trade agreement, in one of the clearest signs yet that the administration of US President Donald Trump might favour such a move. However, Duffy added that while the White House was aware that the US is a net exporter in aerospace, it was also dealing with a complex tariff situation. 'Now, again, you look at what free trade has done for aviation. It's been remarkable for them. It's a great space of net exporters,' Duffy said. 'And so the White House understands that, but if you go over there and you see the moving parts of what they're dealing with, it is pretty intense and it's a lot.' Trump's sweeping 10 percent import tariffs are a headache for an industry already battling supply chain challenges and facing fresh turbulence from last week's deadly Air India crash and conflict in the Middle East. In early May, the US Commerce Department launched a 'Section 232' national security investigation into imports of commercial aircraft, jet engines and parts that could form the basis for even higher tariffs on such imports. Airlines, planemakers and several US trading partners have been lobbying Trump to restore the tariff-free regime under the 1979 agreement. Boeing was having a subdued show and parking announcements while focusing on the probe into last week's fatal crash of an Air India Boeing 787 and after it racked up huge deals during Trump's recent tour of the Middle East. Attention turned to another big Airbus customer, AirAsia, long associated with buzzy show finales and looking at buying 100 A220s, with Brazil's Embraer seeking to wrest away the deal after losing a key contest in Poland, delegates said. Airbus was also expected to reveal Egyptair as the airline behind a recent unidentified order for six more A350s. Even so, Airbus's hopes of using the event as a showcase for its first significant deal with Royal Air Maroc faded after the airline postponed plans to announce a larger Boeing deal, delegates said.
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Business Standard
3 days ago
- Business
- Business Standard
VietJet signs agreement with Airbus to purchase up to 150 aircraft
Airbus struck a deal on Tuesday to sell up to 150 single-aisle aircraft to Vietnamese budget airline VietJet, as the European planemaker continues to rack up business at the Paris Airshow. The companies said they had signed a memorandum of understanding for VietJet to buy 100 more A321neo planes, with the option to add up to a further 50 to the deal in future. The agreement confirmed an earlier Reuters story. A deal for 150 A321neos could be worth around $9.4 billion, according to estimated prices provided by Cirium Ascend. "These modern and efficient aircraft have been instrumental in VietJet's growth," VietJet Chairwoman Nguyen Thi Phuong Thao said in a statement released at a press conference attended by a delegation including several Western bankers. "This landmark agreement represents a vital step in VietJet's growth strategy as a multi-national aviation group." The planes will be delivered from 2030 onwards, and VietJet said it had financing in place for the deal. European planemaker Airbus has announced a flurry of deals at the Paris Airshow, the world's biggest aviation trade fair that opened on Monday. U.S. rival Boeing is expected to have a more subdued show as it focuses on the probe into last week's fatal crash of an Air India Boeing 787 and after it racked up huge deals during U.S. President Donald Trump's recent tour of the Middle East. VietJet, the largest private airline in Vietnam, operates an all-Airbus fleet, apart from two Chinese-made regional jets. The airline has not to date taken delivery of any of the around 200 MAX planes it has ordered from Boeing. Airbus is the main supplier of jets to Vietnam, accounting for 86% of the planes currently operated by Vietnamese airlines. However, the export-dependent Southeast Asian country is under pressure from Washington to buy more U.S. goods. VietJet's latest deal comes only weeks after it ordered 20 A330neo wide-body airliners from Airbus.
The Star
3 days ago
- Business
- The Star
Vietnam's Vietjet orders 100 Airbus A321neo planes
LE BOURGET, France: Vietnamese carrier Vietjet has ordered 100 single-aisle A321neo jets from Airbus, the European plane maker said Tuesday (June 17) in the latest deal announced at the Paris Air Show. The deal would be worth almost US$13 billion under 2018 catalogue prices. It includes an option for Vietjet, Vietnam's largest private airline, to buy a further 50 of the jets at a later date. "This new agreement marks a significant milestone in our strategic partnership with Airbus," said Vietjet chairwoman Nguyen Thi Phuong Thao. "These modern and efficient aircraft have been instrumental in Vietjet's growth, helping us make air travel more accessible and affordable for millions, while strengthening our role as a connector for economic development, cultural exchange and global connectivity," she added. Airbus executive vice president Benoit de Saint-Exupery noted the deal followed hot on the heels of a new order by Vietjet for 20 A330neo widebody aircraft. "Together the A321neo and A330neo will be perfect partners for Vietjet to continue to spread its wings, efficiently matching capacity more closely to demand across its network," he said in a statement. Vietjet operates a fleet of more than 100 Airbus aircraft. As of the end of May, more than 7,000 A321neo aircraft -- the largest of Airbus' best-selling A320neo family -- have been ordered by over 90 customers worldwide, Airbus said. The Vietjet deal came a day after Airbus announced orders for a total of more than 100 planes from Saudi companies Riyadh Air and AviLease and Polish airline LOT. Those deals were worth nearly $20 billion at 2018 catalogue prices -- which Airbus has since phased out, as final sale prices vary according to contract terms and the version of an aircraft. Airbus rival Boeing has meanwhile said its focus at the Paris Air Show is on "supporting customers" after the Air India crash last week. - AFP
