Vietjet Air inks US$18 billion deals with two US corporation for 100 aircrafts

PSNews - With the witness of General Secretary, State President Nguyen Phu Trong and US President Donald Trump, the low-cost carrier Vietjet Air on February 27 signed deals with Boeing and General Electric for a total of US$18 billion to expand its fleet.

Vietjet Aviation Joint Stock Company (Vietjet Air) inked contract worth  US$12.7 billion with the US’s Boeing Commercial Airplanes (BCA) for 100 new 737 MAX planes according to list prices.

CEO Kevin McAllister of BCA said the BCA is pleased to expand its partnership with Vietjet Air and contribute to the carrier’s growth. The new and state-of-the-art airplanes such as the 737 MAX will help Vietjet Air grow more efficiently and bring great travel experiences for its passengers.

"The strong growth of Vietjet and the country’s aviation sector has helped stimulate travel within Vietnam and connecting Vietnam with the rest of Asia. In particular, Boeing is proud to support this economic development, which in turn supports engineering and manufacturing jobs in the US", he added. 

Earlier, Vietjet Air inked an order for 100 B737 MAX planes with Boeing in 2016, which was considered the biggest commercial aircraft deal in Vietnam’s aviation industry. It is now the largest B737 MAX customer in Asia.

Vietjet Air President and CEO Nguyen Thi Phuong Thao said the signing of today’s deal is one of the important part of Vietjet in international flight network expansion plan with a higher capacity, thus offering passengers with more exciting experiences when being able to fly to more new international destinations.

In addition to the aircraft deal, Boeing will partner with Vietjet to support the airline as well as the Vietnamese aviation industry to enhance technical expertise, train pilots and technicians as well as improve management capabilities.

During the same ceremony, Vietjet Air and the US’s General Electric Group signed a US$5.3 billion agreement on long-term service maintenance of LEAP-1B engine. The agreement includes the provision of backup engines and service packages for the new and modern aircraft that the airline had ordered.

By Linh Bui

Other News

Vietnam accelerates innovation to boost growth, competitiveness

Vietnam accelerates innovation to boost growth, competitiveness

By 2030, Vietnam aims to rank among the world’s top 40 in the GII; raise total social investment in R&D to at least 2% of GDP, with non-State funding accounting for over 60%; increase international scientific publications by an average of 10% annually; and raise the number of patent applications and granted patents by an average of 16-18% annually.

Vietnam sees high growth prospects

Vietnam sees high growth prospects

Experts from the Institute of Vietnam and World Economy under the Vietnam Academy of Social Sciences noted the quality of recent growth as the high growth rate has been recorded against an increasingly higher comparative base.

Vietnam seeks bigger share of global Halal market

Vietnam seeks bigger share of global Halal market

Vietnam's Halal exports remain modest at around 900 million USD a year, accounting for less than 1% of the global market. Most exports are still raw agricultural and seafood products. Only around 1,000–1,300 Vietnamese businesses obtained or maintained Halal certification during 2024–2026.

Hanoi sets up inter-agency mechanism to operate carbon market

Hanoi sets up inter-agency mechanism to operate carbon market

Under a decision of the municipal People’s Committee on establishing an inter-agency working group, departments and agencies are responsible for identifying facilities subject to greenhouse gas inventories, developing emissions-reduction plans and studying projects capable of generating carbon credits.

Shrimp exports reach 3.3 billion USD in eight months

Shrimp exports reach 3.3 billion USD in eight months

According to data from the Vietnam Customs cited by the Vietnam Association of Seafood Exporters and Producers (VASEP), shrimp exports reached 478.5 million USD in August, up 4.2% from the same month last year. The eight-month total stood at 3.3 billion USD, representing a year-on-year increase of 12%.

Russian investors explore opportunities in Vietnam's real estate market

Russian investors explore opportunities in Vietnam's real estate market

Vietnam is seen as a potential market, with considerable room for growth in real estate, particularly commercial property, compared with some regional markets. Strong Vietnam-Russia ties and opportunities to establish foreign-invested enterprises are also considered favourable for Russian investors.

Phu Quoc airport planning adjusted to serve APEC 2027

Phu Quoc airport planning adjusted to serve APEC 2027

For 2021-2030, the Civil Aviation Authority of Vietnam proposed bringing forward the investment in a parallel taxiway system and a connecting taxiway north of Runway No. 2 at Phu Quoc International Airport, in order to connect with the aircraft maintenance and repair facility (hangar) planned for the northern area of ​​the airport.

Policy, infrastructure emerge as new advantages in FDI attraction

Policy, infrastructure emerge as new advantages in FDI attraction

From policy and infrastructure to industrial real estate, Vietnam’s FDI advantages are broadening towards a more integrated production ecosystem, offering investors a stronger combination of conditions for high-value, technology-intensive and long-term projects.

Logistics upgrade vital to 1-trillion-USD trade target: experts

Logistics upgrade vital to 1-trillion-USD trade target: experts

As trade expands, systemic bottlenecks across transport networks, warehousing, ports, border gates, and industrial zones are becoming more apparent. Experts emphasise the need to shift from a fragmented, project-by-project approach toward strategic management structured around trade corridors and integrated supply chains.

Ample room for Vietnam, US to deepen cooperation

Ample room for Vietnam, US to deepen cooperation

Do Ngoc Hung, Trade Counsellor and head of the Vietnam Trade Office in the US, said what stands out is not only the growth in trade volume but also the increasingly deep economic ties between the two countries.

Flexible fiscal policy helps drive economic growth

Flexible fiscal policy helps drive economic growth

According to the Ministry of Finance, State budget revenue in the first eight months of 2026 was estimated at 2.02 quadrillion VND (77.7 billion USD), equivalent to 80% of the annual estimate and up 16% year-on-year. Domestic revenue reached 1.75 quadrillion VND, accounting for 86.6% of total revenue and rising 16.6%.

Electronic components are produced at a factory in Hanoi. (Photo: VNA)

Hanoi's imports surge 41% in first eight months of 2026

Hanoi aims to achieve average annual export growth of at least 12% during 2026-30, with the city seeking to diversify export markets, boost high-tech and value-added products and reduce reliance on traditional markets.