Vietjet, US’s Carlyle sign MoU for aircraft funding
Vietjet and the US-based leading aviation finance and asset management company - Carlyle Group - on September 11 signed a Memorandum of Understanding (MoU) for aircraft funding worth 550 million USD on the occasion of the State visit to Vietnam by US President Joe Biden.
Hanoi (VNA) – Vietjet and the US-based leading aviation finance andasset management company - Carlyle Group - on September 11 signed a Memorandumof Understanding (MoU) for aircraft funding worth 550 million USD on theoccasion of the State visit to Vietnam by US President Joe Biden.
Under the MoU, Carlyle Aviation Partners, a wholly own member of the Carlyle Group, will finance the 737 Max aircraft from the order of 200 aircraft between Vietjet andBoeing.
This is a significant aircraft order and considered one of the largestcommercial contracts and contributes greatly to the trade balance betweenVietnam and the United States to date, according to Vietjet.
Robert Korn, Co-Founder& President of Carlyle Aviation Partners said that CarlyleAviation Partners has been a long-term strategic partner of Vietjet.
He said the group is pleased to accompany and witness Vietjet’s significantgrowth over the last decade. The airline has offered passengersreasonable fares and convenient travel options; thus contributing positively to the aviation and tourismdevelopment; also fostering investment between Vietnam and the internationalcommunity.
On the occasion, Vietjet and Boeing agreed on the delivery timeline of thefirst batch of Vietjet’s 200 B737 Max order. This order, which is worth over 25billion USD, will be implemented in five years with the first delivery of 12aircraft scheduled for 2024.
Accordingly, the first batch of 737 Max will be delivered to Thai Vietjet, the affiliate company founded byVietjet. Thai Vietjet is currently one of the leading airlines in Thailand,featuring Vietjet’s brand and images and favoured by travellers in the region.
Vietjet Air aircraft (Photo: Vietjet Air)
Founded in 2002 withheadquarters in Miami, Florida, US, Carlyle AviationPartners is in the business of global aircraft finance and leasing, currently manages afleet of 396 aircraft in 59 countries.
Thenew-age carrier Vietjet is a fully-fledged member of the International AirTransport Association (IATA) with the IATA Operational Safety Audit (IOSA)certificate. The airline has been awarded the highest ranking for safety withseven stars by the world’s only safety and product rating websiteairlineratings.com and listed as one of the world's 50 best airlines forhealthy financing and operations by Airfinance Journal for consecutive years./.
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At the signing ceremony (Photo: Vietjet Air) 
Vietjet Air aircraft (Photo: Vietjet Air) 
