During Vietnam’s General Secretary To Lam’s official visit to Singapore, Vietjet announced the signing of a US$300 million aircraft financing agreement with Carlyle Aviation Partners. This milestone strengthens Vietnam-Singapore connectivity and fosters sustainable development between the two nations. The airline also announced the launch of a new direct route connecting Phu Quoc with Singapore.
Vietjet and Carlyle Aviation Partners have signed a US$300 million financing agreement to support the delivery of new aircraft in 2025-2026. This deal is a key step in Vietjet’s strategy to expand its modern fleet, which includes over 400 aircraft on order.
“We are proud to be a long-term strategic partner of Vietjet, supporting its international growth and commitment to providing affordable, convenient travel options,” said Alexander Rasnavad, President of Carlyle Aviation Partners. Carlyle Aviation Partners, the aviation arm of The Carlyle Group, manages 363 aircraft across 53 countries. The Carlyle Group, a global investment firm with US$447 billion in assets, plays a vital role in the international aviation supply chain.
Launching on May 30, 2025, the new Singapore route will operate four round-trip flights per week, bringing Vietjet’s total number of weekly flights between Vietnam and Singapore to 78. This addition marks Vietjet’s fourth route to Singapore, complementing its existing services from Ho Chi Minh City, Hanoi, and Da Nang. With this growing network, the airline expects to serve over 500,000 passengers annually between the two countries.
Since introducing its Ho Chi Minh City-Singapore route in 2014, Vietjet has operated over 16,000 flights, transporting more than 2.6 million passengers between the two countries. The new Phu Quoc- Singapore route is set to boost tourism and strengthen economic, trade, and cultural ties.
Vietjet and Satair, an Airbus Services company, also said they have signed a multi-year agreement for Satair’s Integrated Material Services (IMS) to support Vietjet’s entire Airbus A320 and A330 fleet. Under this exclusive agreement, Satair will provide consignment stock and pooling support for expendables to optimize the airline’s operational costs. Satair’s IMS offering is an end-to-end supply chain solution that includes planning, logistics, and inventory management, enabling Vietjet to maintain efficiency and operational readiness.
Paul Lochab, Chief Commercial Officer of Satair, said: “Our IMS collaboration empowers airlines like Vietjet, with the confidence that they’ve got the right support behind them. IMS allows maintenance and engineering teams to concentrate on critical aspects of their operations.”
Vietjet to launch new Hanoi-Shanghai route
Vietjet is set to launch a new direct service connecting Hanoi to Shanghai with the inaugural flight scheduled for April 29, 2025. This route will enhance air travel between Northeast and Southeast Asia while expanding Vietjet’s international flight network, following the airline’s announcement of multiple new routes from Vietnam to China and India. The new Hanoi-Shanghai route is Vietjet’s fifth new service to China in 2025 alone, reinforcing its growing footprint in the world’s second-largest economy. In addition to this route, the airline will launch four new services connecting Hanoi and Ho Chi Minh City with Beijing and Guangzhou in March and April. Meanwhile, two new routes linking Ho Chi Minh City with Hyderabad and Bangalore in India will commence this March.
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