In July, VietJet signed a $7.4 billion contract to purchase 20 long-range A330neo wide-body aircraft from Airbus for intercontinental routes. As part of the company's plan to expand long-haul routes, Vietjet Air, controlled by Viet Nam billionaire Nguyen Thi Phuong Thao, has signed a $1.1 billion agreement with United States' Honeywell Aerospace Technologies. Under the agreement, Honeywell will provide electronic equipment and maintenance services for Vietjet Airlines' fleet.
Original title: "Viet Nam's billionaire-controlled Vietjet Air and Honeywell sign a $1.1 billion agreement"
According to a recent announcement by Vietjet Air, the agreement was signed during Viet Nam's visit to the United States.
Honeywell will provide maintenance programs for aircraft electronics and auxiliary power units for Vietjet Air's narrow-body aircraft and the newly introduced A330neo wide-body aircraft. In addition, the agreement includes the use of Honeywell's "Flight Efficiency" software, which will reduce the carbon emissions of Vietjet Airlines' entire fleet and improve fuel efficiency.
In a statement, Viet Air CEO Dinh Viet Phuong said, "Vietjet Air is committed to driving sustainable growth and green transformation by reducing carbon emissions and expanding its intercontinental route network.
Honeywell's advanced technology will help us provide our customers with convenient, high-quality, safe and environmentally friendly flight services while promoting our sustainability alignment with our ESG goals." ”
In response to the post-pandemic travel boom, VietJet Air, Viet Nam's only private airline, is rapidly expanding its fleet. In July, Vietjet signed a $7.4 billion contract to purchase 20 long-range A330neo wide-body aircraft from Airbus for intercontinental routes.
Capable of flying up to 13,300 kilometres non-stop, these A330neo aircraft are suitable for long-haul routes, and they will replace Vietjet Air's currently leased A330-300 aircraft. The airline's fleet currently consists of more than 100 aircraft.
According to Forbes' real-time rich list, the founder of Vietjet Air, Nguyen Thi Phuong Cao, is worth about $3 billion.
She founded the airline in 2011 and gained a lot of attention for launching a series of bikini flight attendant commercials. The airline went public on the Ho Chi Minh City Stock Exchange in 2017 and raised $170 million through an IPO.
Employees work at VietJet Air's service desk at Noi Bai International Airport in Hanoi. PHOTO CREDIT: LINH LUONG THAI/BLOOMBERG
This article is translated from:
https://www.forbes.com/sites/yessarrosendar/2024/09/24/vietnam-billionaires-vietjet-signs-11-billion-deal-with-honeywell/
文：Yessar Rosendar
Translation: Vivian
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Header image source: Getty Images
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