VietJet, the privately owned Vietnamese international low-cost carrier launched operations in 2011 and since then has become one of the leaders in the aviation market and the fastest growing airline in Vietnam. The airline has just recently made another step towards its expansion at the 2018 Farnborough International Airshow, where VietJet signed a Memorandum of Understanding (MoU) for the acquisition of a total of 100 737 MAX aircraft.
The VietJet New Planes
The carrier just committed to an investment of $12.7 billion by signing a deal with Boeing for the purchase of 80 737 MAX 10s and 20 737 MAX 8s. This decision will make the carrier the largest operator of Boeing’s 737 MAX planes in Asia. It is worth noting that two years ago, in 2016, the airline made another massive order for the acquisition of 100 Boeing 737 MAX 8 aircraft. The trend is that VietJet buys and it buys well.
The aircraft acquisition strategy of the company shows that the carrier is well-prepared to invest and exploit its aircraft.
Until now, the carrier’s fleet was made of only Airbus airplanes, including the Airbus A320-200, A321-200, and Airbus A321neo. However, currently, VietJet is waiting for deliveries of the Boeing 737 MAX 8, 737 MAX 200 and 737 MAX 10. The significant change in direction serves as evidence that the long-fought competition war between Boeing and Airbus is heating up as both aircraft manufacturers are dynamically shaping the future of air travel by providing innovative and technologically advanced aircraft products.
The Boeing 737 MAX family aircraft are among the leaders in the aviation world as they offer tremendous fuel efficiency, as well as improved range and capacity. Top quality in-flight entertainment will leave travellers satisfied and pleased with their journey. Increased flight deck displays and the popular Boeing Sky Interior are also part of the benefits customers have access to.
How Will the New VietJet 737 MAX Planes be Used?
The carrier’s objective is to drastically expand its international reach and grow its network to include more popular regions in Asia, as well as to increase flight frequencies on domestic routes of high interest. The Asian region has seen drastic growth in air travel and VietJet has opened the doors to its ability to satisfy the growing market. The Chief Executive Officer of VietJet shared that the aircraft is a perfect fit into the expansion strategy of the company, as they provide the required efficiency and range that the company had sought in order to access more international destinations and secure new partnerships across the Asia-Pacific region.
VietJet is to take delivery of the 100 ordered planes in the time period between 2022 and 2025.
There is speculation regarding the ability of Boeing to deliver all the aircraft on time and VietJet’s capability of putting them in use accordingly, without disrupting the regular operations of the company. VietJet has confirmed that the company has prepared for deliveries and the aircraft’s quantity will not be an issue.