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Saturday, March 02, 2019

Boeing Secures $15.7 Billion Vietnam Orders During Trump's Hanoi Visit

Vietnam’s Bamboo Airways and VietJet Aviation JSC signed deals to buy 110 aircraft from Boeing Co. during President Donald Trump’s visit to Hanoi for a summit with North Korean leader Kim Jong-Un.

Bamboo agreed to purchase 10 787-9 Dreamliners worth about $3 billion, while VietJet’s order is for 100 737 Max planes valued at $12.7 billion, Boeing said Wednesday. VietJet’s 100-plane commitment was unveiled at the Farnborough air show last year. The accords were signed in the presence of Trump and Vietnam’s President Nguyen Phu Trong.

Vietnam’s airlines are expanding their fleets as rising incomes and the region’s growing economies are spurring many to fly for the first time, boosting demand in the Asia Pacific, whose air-travel market is projected to surpass that of North America and Europe combined. Demand in Vietnam is also expected to climb after U.S. regulators last month gave their approval to the nation’s air-safety system, making its airlines eligible to begin direct flights to the U.S. and codeshare with American carriers.

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4 comments:

Anonymous said...

Winning!

Anonymous said...

Northwest Woodsman: First, make sure that the money for these aircraft is paid up front and second, there must have been a lowering of standards that will allow Vietnamese pilots and aircraft to operate in American and international airspace. Won’t make me feel safe knowing what I know about Vietnamese pilots.

Anonymous said...

You won't hear that on The Communists News Network.
For the last 2 days, they can't stop talking about Trump's fo paux regarding him not being hard on chairman Un about human rights.

Anonymous said...

That not only benefits by direct sales, but by the foothold on the market in Vietnam, maintenance of the products, training, and supervisory jobs for each plane. Locally, jobs are created for every plane, too.