VietJet Signs MOU for 80 Boeing 737 MAX 10s and 20 B737 MAX 8s

VietJet signed a Memorandum of Understanding with Boeing at the 2018 Farnborough International on Wednesday 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 regional destinations throughout Asia. At 43.8 m (143 ft 8 in) long, the 737 MAX 10 airplane can seat a maximum of 230 passengers.

Madam Nguyễn Thị Phương Thảo, President and CEO of VietJet, said, "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."

As part of the agreement, Boeing will 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 country. Boeing will also support VietJet in improving management capabilities at the airline and in the country.

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 737 MAX family is powered by CFM International LEAP-1B engines.

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