The Vietnam Aviation Corporation (Vietnam Airlines) said on February 15 that it has inked a contract with Aviation Capital Group (ACG) to lease six Airbus A321neo planes in the long term.
Hanoi (VNA) – The Vietnam Aviation Corporation(Vietnam Airlines) said on February 15 that it has inked a contract withAviation Capital Group (ACG) to lease six Airbus A321neo planes in the longterm.
The newly rented are among the 20 A321neoaircraft that the national flag carrier plans to lease. They are set to be deliveredto Vietnam Airlines in 2018 and 2019 to serve domestic and regional air routes.
The firm said it is modernising its fleet byprioritising environmentally friendly planes with high economic benefits.
Vietnam Airlines General Director Duong TriThanh said the deal with ACG is part of their commitment to providingpassengers with high-quality services. A321s are the flagship aircraft of hiscorporation and have proved effective on its domestic and short-range regionalroutes.
A321neo is a new edition of A321 planes – thelargest member of Airbus’s A320 family.
Meanwhile, Vietnam Airlines also plans to sellor lease back four new aircraft which it will receive in 2017 to ease thepressure on the due-debt-over-ownership-capital ratio and boost liquidity.
Aircraft to be sold or leased back include oneBoeing B787-9 and three Airbus A350.
As of December 31, 2016, Vietnam Airlines owneda fleet of 86 aircraft with an average age of 5.7 years. -VNA
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An A321neo aircraft (Photo: Airbus.com) 
