Boeing, Vietjet Announce Order for 100 737 MAX Airplanes

SOURCE: Boeing

Boeing, Vietjet Announce Order for 100 737 MAX Airplanes Signing ceremony witnessed by U.S. President Trump, Vietnamese President Trong Deal includes 80 of the larger 737 MAX 10 model

Boeing, Vietjet Announce Order for 100 737 MAX Airplanes Signing ceremony witnessed by U.S. President Trump, Vietnamese President Trong Deal includes 80 of the larger 737 MAX 10 model Click for Photos(3) CLOSE HANOI, Vietnam, Feb. 27, 2019 /PRNewswire/ — Boeing [NYSE:BA] and Vietjet [HOSE: VJC] confirmed that the innovative and growing Vietnamese carrier has purchased 100 additional 737 MAX airplanes, taking their MAX order book to 200 jets. During a signing ceremony today in Hanoi, United States President Donald Trump and Vietnamese Communist Party General Secretary and President Nguyen Phu Trong joined leaders of both companies to unveil the $12.7 billion order, according to list prices. The deal includes 20 MAX 8s and 80 of the new, larger MAX 10 variant, which will have the lowest seat-mile costs for a single-aisle airplane and be the most profitable jet in its market segment. The order was previously unidentified on Boeing’s Orders & Deliveries website. In ordering 80 MAX 10s, Vietjet becomes the largest Asian customer of the airplane type. The carrier plans to use the added capacity to meet growing demand across Vietnam, as well as to serve popular destinations throughout Asia. “The deal for 200 Boeing 737 MAX airplanes today is an important move for us to keep up with our international flight network expansion plan with a higher capacity, thus offering our passengers with more exciting experiences when being able to fly to more new international destinations,” said Madam Nguyễn Thị Phương Thảo, President and CEO of Vietjet. “I believe that our fleet will have breakthroughs thanks to new-generation technologies, which helps improve flight quality and enhance operational reliability, while reducing operating costs in the future. Passengers will then have more opportunities to fly with reasonable fares. The contract signing ceremony, which is witnessed by the top leaders of Vietnam and the US on the occasion of the US-North Korea Summit in Hanoi, will mark a milestone in the two companies’ growth path.” Vietjet placed its first order for 100 737 MAX airplanes in 2016, which set the mark for the largest commercial jet purchase in Vietnam’s aviation sector at the time. “We are pleased to expand our partnership with Vietjet and to support their impressive growth with new, advanced airplanes such as the 737 MAX. We are confident the MAX will help Vietjet grow more efficiently and provide great travel experiences for their passengers,” said Boeing Commercial Airplanes President & CEO Kevin McAllister. “The economic expansion in Hanoi and across Vietnam is impressive. Vietjet and the country’s burgeoning aviation sector are clearly enablers, helping to stimulate travel within Vietnam and connecting Vietnam with the rest of Asia. We are proud to support this economic development, which in turn supports engineering and manufacturing jobs in the United States.” In addition to airplane purchases, Boeing will partner with Vietjet to enhance technical and engineering expertise, train pilots and technicians, and improve management capabilities at the airline and in Vietnam. The carrier also uses Boeing’s digital solutions to optimize its operations, including flight planning & Tech Log Book. About the 737 MAX The 737 MAX family is powered by CFM International LEAP-1B engines, and includes design updates such as Boeing’s Advanced Technology winglet that reduces drag and further optimizes the 737 MAX performance, especially on longer-range missions. Together, these improvements reduce fuel use and CO2 emissions by at least 14 percent compared to today’s Next-Generation 737s – and by 20 percent more than the single-aisle airplanes they replace. The 737 MAX 10 is the largest variant in the family. At 43.8 meters (143 feet 8 inches) long, the airplane can seat a maximum of 230 passengers and offer airlines the lowest seat-mile costs in the single-aisle market. The 737 MAX is the fastest-selling airplane in Boeing history with about 5,000 orders from more than 100 customers worldwide. For more information, visit www.boeing.com/commercial/737max. About Vietjet Vietjet is the first airline in Vietnam to operate as a new-age airline offering flexible, cost-saving ticket fares and diversified services to meet customers’ demands. It provides not only transport services but also uses the latest e-commerce technologies to offer various products and services for consumers. Vietjet is a member of International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. Vietjet was named “Best Ultra Low-Cost Airline 2018 – 2019” and awarded the highest ranking for safety with 7 stars in 2018 by safety and product rating website AirlineRatings.com. Currently, Vietjet offers more than 385 flights daily, carrying more than 65 million passengers to date, with 106 routes covering destinations across Vietnam and international destinations such as Japan, Hong Kong, Singapore, South Korea, Taiwan, mainland China, Thailand, Myanmar, Malaysia and Cambodia. For more information, visit www.vietjetair.com Contact: Zoe Leong Boeing Communications (Asia) M: +65 9658 3630 zoe.leong@boeing.com Paul Bergman Boeing Communications (Seattle) Mobile +1 (206) 724-7292 paul.r.bergman2@boeing.com Kieu Duong (Amy) Vietjet Communications M: +84 932775066│ T: +84 8 3547 1865 kieuduong@vietjetair.com www.vietjetair.com SOURCE Boeing https://boeing.mediaroom.com/2019-02-27-Boeing-Vietjet-Announce-Order-for-100-737-MAX-Airplanes

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Boeing, VietJet Sign Agreement for 100 737 MAX Airplanes Agreement includes 80 737 MAX 10s, which would be largest commitment in Asia Deal to double Vietnamese carrier’s 737 MAX fleet to 200 FARNBOROUGH, United Kingdom, July 18, 2018 /PRNewswire/ — Boeing [NYSE:BA] and VietJet [HOSE: VJC] signed a Memorandum of Understanding today at the 2018 Farnborough International for an additional 100 737 MAX airplanes. The agreement, which includes 80 737 MAX 10s and 20 737 MAX 8s, is valued at more than $12.7 billion at current list prices. The Vietnamese low-cost carrier will become the largest MAX 10 customer in Asia once the deal is completed. VietJet plans to leverage the added capacity of the MAX 10 to satisfy surging demand on high-dense domestic routes, as well as on popular destinations throughout Asia. “We are excited to introduce Boeing’s newest 737 MAX 10 into our rapidly growing fleet. These new airplanes will fit perfectly into our growth strategy, providing the efficiency and range for VietJet to expand its route network and offer more international destinations for our customers and expand alliances across Asia Pacific, the fastest growing aviation market in the world,” said Madam Nguyễn Thị Phương Thảo, President and CEO of VietJet. As part of the agreement, Boeing would partner with VietJet to enhance technical and engineering expertise and the training of pilots and technicians in Vietnam, helping to further develop the commercial aviation ecosystem in the growing country. Boeing will also support VietJet in improving management capabilities at the airline and in the country. VietJet is Vietnam’s first privately-owned airline and is also the first low-cost carrier in the country. The airline is in the midst of bolstering its world-class fleet with highly efficient and capable airplanes that will allow for expansion of its regional network. In 2016, VietJet finalized an order for 100 high-capacity 737 MAX 8 airplanes, which set the mark for the largest-ever single commercial airplane purchase in Vietnam aviation. “We are honored to deepen our strong partnership with VietJet as they become our newest 737 MAX 10 customer. Today’s agreement for a repeat order from VietJet validates the best-in-class capabilities of the 737 MAX family of airplanes,” said Kevin McAllister, president and CEO of Boeing Commercial Airplanes. “With this agreement, we take another major step in growing our partnership with VietJet, one that continues to contribute to the trade relationship between Vietnam and the United States. This agreement also grows Boeing’s presence and partnerships across Asia Pacific, developing win-win partnerships in a region with tremendous development potential.” The deal will be reflected on Boeing’s Orders and Deliveries website once it is finalized. The 737 MAX family achieves superior fuel efficiency and range through the latest CFM International LEAP-1B engines, Advanced Technology winglets, and other improvements. The jet also features the signature Boeing Sky Interior and large flight deck displays. The 737 MAX 10 is the largest variant in the family. At 43.8 m (143 ft 8 in) long, the airplane can seat a maximum of 230 passengers and offer airlines the lowest seat-mile cost ever in a single-aisle aircraft. The 737 MAX is the fastest-selling airplane in Boeing history, accumulating nearly 4,700 orders from more than 100 customers worldwide. For more information and feature content, visit www.boeing.com/commercial/737max. Contact: Kevin Yoo International Communications Boeing Commercial Airplanes +1 206-249-6372 kevin.k.yoo@boeing.com Kieu Duong (Amy) International Communications M: +84 932775066│ T: +84 8 3547 1865 kieuduong@vietjetair.com www.vietjetair.com SOURCE Boeing]]>