Vietjet Signs Strategic Cooperation MOU with Safran

Thu, 29 March 2018

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Vietjet Signs Strategic Cooperation MOU with Safran

Vietjet and Safran Aircraft Engines have signed a Memorandum of Understanding that will lead to Safran Aircraft Engines supporting Vietjet with fleet management services, training, R&D programs including fuel efficient usage, technical management and help in setting up regional level support maintenance capabilities.

Dr. Nguyen Thanh Hung – Vietjet’s Vice Chairman and Mr. Philippe Couteaux, Senior Vice President, Sales & Marketing at Safran Aircraft Engines and CFM at the MOU signing ceremony which was witnessed by His Excellency Nguyen Phu Trong - General Secretary of the Communist Party of Vietnam and other senior leaders. Click to enlarge.

Vietjet’s Vice President Dinh Viet Phuong, said, “This agreement marks a new milestone in strategic partnership between Vietjet and Safran – CFM. We are convinced that new engines will improve our operation capability, enable us to fulfill our long-term development strategy in the global market and better our services. We also believe that the new agreement will contribute positively to the economic and trade exchange between Vietnam and France, and create more jobs for the citizens of both nations.”

“We are very pleased to be an integral part of VietJet Air’s long-term growth strategy,” added Philippe Couteaux, Senior Vice President, Sales & Marketing at Safran Aircraft Engines and CFM. “This MoU is in line with our recent commercial agreements with VietJet Air and also reflects the relationship of mutual trust between the airline and Safran Aircraft Engines and CFM. VietJet Air selected us because of our recognized expertise and experience in support services.”

While in France, Vietjet’s leaders also inked a finance agreement with GECAS France on purchasing and leasing six A321neo aircraft worth US$800 million. More on this to come.

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