Vietnam Airlines orders 50 737 MAX jets in a deal worth US$7.8 billion

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Boeing Vietnam Airlines 737
(IMAGE: Boeing)

Seoul

Boeing and Vietnam Airlines announced Monday the carrier has selected the 737 MAX family to expand its single-aisle fleet, with a commitment to order 50 737-8 airplanes. With enhanced fuel efficiency and environmental performance, the 737 MAX will provide best-in-class flexibility for Vietnam’s growing aviation market. The commitment was announced during a signing ceremony with President Joe Biden, Secretary of State Antony Blinken, White House officials and Vietnamese government leaders on Monday. The deal is reportedly worth US$7.8 billion at list prices.

U.S. and Vietnam officials said the commitment will bolster jobs in both countries and strengthen the bilateral economic partnership. Building on Boeing’s long history of collaboration with Vietnam’s civil aviation industry, the carrier’s 737 MAX fleet will support the country’s goal of becoming a leading aviation hub.

“In line with Vietnam Airlines’ 2025-2030 fleet strategy and a vision to 2035, aircraft investment is a crucial project that underpins positive recovery momentum and prosperous outlook for the airline, said Dang Ngoc Hoa, Chairman of the Board of Directors of Vietnam Airlines. “The new narrow-body fleet will allow us to foster our overall development and extend our high-quality service on Vietnam Airlines’ domestic and Asian routes, as well as modernise our fuel-efficient fleet.”

Southeast Asia is one of the world’s fastest growing aviation markets, and the 737 MAX is the perfect airplane for Vietnam Airlines to efficiently meet that regional demand,” said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. “We value our historic partnership with Vietnam Airlines, dating back to 1995 when the airline first leased 767s.”

The 737 MAX family will allow Vietnam Airlines to fly up to 3,500 nautical miles (6,480 km) to serve increasingly popular international and regional routes. The carrier currently operates a fleet of 15 787 Dreamliner jets and serves over 50 destinations in 17 countries. A member of the SkyTeam Alliance, passengers flying on Vietnam Airlines or any of its 18 partners can earn and redeem miles for travel to 1,000 destinations worldwide.

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