22.09.2021, 08:04

Vietjet, US engine supplier sign US$260-million service contract

Vietjet, US engine supplier sign US$260-million service contract

A Vietjet plane (Photo: Vietjet)   

NDO/VNA – President Nguyen Xuan Phuc witnessed the signing of a contract to provide aircraft and engine maintenance service worth US$260 million between new-generation airline Vietjet and CFM International, on September 21 (local time) in the framework of his on-going working trip to the US.

The contract has lifted the total value of cooperation deals between the two sides to US$18.5 billion.

With a long-term strategic partnership, Vietjet and CFM International - a joint venture between General Electric (GE) and Safran, have been and will cooperate in the management of engine maintenance services, engine technology transfer and engineer training towards the goal of turning Vietnam into a centre for aircraft repair and maintenance in the region.

CFM International is one of the world's leading engine suppliers. It is also the main supplier for Vietjet's fleet which has nearly 100 most modern aircraft in the world flying on many domestic and international routes.

The strategic cooperation relationship between Vietjet and CFM International has importantly contributed to promoting the bilateral trade relations between Vietnam and the US and to efforts towards balanced bilateral trade.

Cooperating with CFM International is also an important foundation in the sustainable development plan of Vietjet, with the goal of becoming a global airline.

The two sides will continue their negotiations to increase the value of the agreement in the coming time.

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