now loading...
Wealth Asia Connect Middle East Treasury & Capital Markets Europe ESG Forum TechTalk
Asia Connect
Vietjet lines up order for 20 Airbus A330-90 jets
Budget carrier modernizes, targets global flight network expansion, ESG alignment
Tom King 22 Feb 2024

Vietnamese budget airline VietJet Air has signed a memorandum of understanding with Airbus for the purchase of 20 A330-900 widebody aircraft which, when finalized, will be the carrier’s first-ever widebody order.

The new aircraft, according to the Hanoi-based company, will operate on its growing long-range network and high-capacity regional services, and will replace its current fleet of leased A330-300s while offering the carrier potential for network expansion.

The A330-900, powered by the latest generation Rolls-Royce Trent 7000 engines, is capable of flying 13,300 kilometres non-stop.

“The new A330neo aircraft [of which the A330-900 is the largest variant] is a strategic addition to comprehensively modernize Vietjet’s fleet, enhancing operational capabilities to support our global flight network expansion plan,” says Dinh Viet Phuong, the carrier’s CEO. “Its fuel-efficient new-generation design aligns with our sustainable development strategy and ESG [environmental, social and governance] goals, aiming for net-zero emissions by 2050.

“With the introduction of the A330neo, passengers can look forward to longer-range, well-equipped flights with excellent services at more competitive fares.”

The A330neo will enable the airline to achieve the lowest possible operating costs per seat, adds Christian Scherer, CEO of Airbus’s commercial aircraft business, and will also complement to the A321XLRs already on order with the airline, as it spreads its wings to more distant destinations.

The A330 family of aircraft, as of end-January 2024, has accumulated 1,771 firm orders from more than 130 customers worldwide.

Conversation
Suan Hwee Song
Suan Hwee Song
director
Copenhagen Infrastructure Partners
- JOINED THE EVENT -
7th Asia Sustainable Infrastructure Finance Leaders Dialogue
Infrastructure of the future
View Highlights
Conversation
Nitish Agarwal
Nitish Agarwal
CEO and CIO
Orion Capital Asia
- JOINED THE EVENT -
17th Asia Bond Markets Summit
Resilience in an age of uncertainty
View Highlights