Vietjet signs $4.6bn deal with CFM International

Vietjet signs $4.6bn deal with CFM International

Vietjet has signed an agreement with CFM International – a joint venture between GE Aviation and Safran Aircraft Engines.

Witnessed by Vietnam prime minister, Nguyen Xuan Phuc and US secretary of commerce, Wilbur Ross, the deals include a 12-year maintenance support contract for Vietjet’s 215 LEAP-1B engines, worth US$3.6 billion.

Also included is an order for 20 CFM56-5B engines to power ten new aircraft, worth US$1 billion.

Speaking at the signing ceremony, Vietjet president, Nguyen Thi Phuong Thao said: “The engines under today’s agreement will help save up to 15 per cent of fuel consumption, as well as obtain other comprehensive services in technical support, maintenance, and training.

“It is our great honour to be a partner of GE and CFM International and thanks to this agreement, Vietjet’s fleet can enjoy new technical and technological advances which will enhance our flight quality, operation reliability and reduce costs.”

Vietjet also inked an agreement with Honeywell Aviation on auxiliary power unit supply and technical maintenance to power the airline’s 90 aircraft.

The agreement, which is worth US$180 million, is aimed to help Vietjet’s fleet be maintained under world leading standards.

“We appreciate the high level of confidence these agreements show in CFM and in our ability to support Vietjet over the long term,” said Gaël Méheust, CFM president.

“It has been an honour to be a part of the very dynamic and exciting team for the last six years.

“It is a privilege to know that this very special relationship will continue for many more years to come.”