Airbus: Three Vietnamese Companies Order 40 Aircraft

Finance
Vietnam has ordered 40 aircraft from Airbus based in Toulouse

AEROSPACE: Three quarters of these aircraft will be for low-cost airlines, thriving in Southeast Asia …

The contracts are estimated to total $ 6.5 billion.  Airbus announced Tuesday the sale of 40 aircraft to three Vietnamese companies sidelines of a two-day visit of François Hollande in the communist country.

The low-cost vietjet air company will buy twenty Airbus A321, the national carrier Vietnam Airlines has signed a letter of intent for ten A350. Finally, its first agreement with Airbus, the low-cost Jetstar Pacific will buy ten A320.

The South East Asia, growing market for low-cost carriers

Launched in 2011, VietJet first private airline in Vietnam is expanding and has already won more than 25% of domestic flights. In May, on the sidelines of the visit of Barack Obama in the country, the company announced the purchase of 100 Boeing 737 MAX 200 for $ 11.3 billion.

With JetStar Pacific, a low-cost-owned Vietnam Airlines 70% and 30% to the Qantas Australian company, Airbus had signed in July a memorandum of understanding for these 10 devices. Based in Ho Chi Minh City (southern Vietnam), it already operates 12 aircraft from the A320 family, it has leased over 28 domestic and regional destinations.

The South East Asia, including Vietnam, is a growing market for low-cost airlines, due to the increasing weight of the middle class who frequent flyers for the first time.The US aircraft manufacturer Boeing estimates that the region will need 3,750 new aircraft over the next 20 years, with a preference for single-aisle aircraft popular with low-cost airlines.

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