Vietnamese airlines plan to order 40 Airbus jets in deals worth an estimated $6.5 billion, the European planemaker said on Tuesday, as they expand their fleets for a small but fast-growing market.
Strong economic growth and a burgeoning middle class has increased demand for travel both domestically and abroad, spurring carriers to increase routes.
In deals announced at the start of a two-day visit to the Southeast Asian nation by French President Francois Hollande, Vietnam Airlines, the country’s flagship carrier, reached a preliminary agreement for 10 A350 planes worth $3.1 billion.
The widebody aircraft will allow the airline to expand its long-haul network, beginning with services between Ho Chi Minh City and Los Angeles
Budget airline Jetstar Pacific – controlled by Vietnam Airlines and 30 percent owned by Australia’s Qantas Airways – finalised its order for 10 A320 single-aisle planes valued at about $1 billion.
VietJet, the country’s only private airline, placed a firm order for 20 A321s – worth $2.4 billion.
via Vietnamese airlines order 40 Airbus jets worth $6.5 billion — Business | Thanh Nien Daily
Vietnam: Manufacturing to remain the key driver of growth
We expect robust exports, led by strong global demand for electronics, to continue to underpin solid economic growth over the remainder of this year with GDP forecast to rise close to 8%.
GDP growth was unchanged at 4.5% y/y in Q1. Manufacturing activity surged, while the recovery in service sector activity and construction continued albeit at a more subdued pace as some localised social distancing measures were reinstated.(more…)
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