On Monday, Vietnamese budget airline VietJet placed a new order with Airbus (OTC:EADSY) for 20 A330neo wide-body jets. This agreement was signed in Hanoi by VietJet Chairwoman Nguyen Thi Phuong Thao and President Airbus International Wouter van Wersch. It doubles VietJet’s firm orders for the A330neo to 40 aircraft, following a previous order for 20 A330neo planes placed in February 2024.
An Airbus single-aisle aircraft overfly a major city, showcasing the airline services of the company.
The signing took place during an official visit by French President Emmanuel Macron to Vietnam, where he met with Vietnamese President Luong Cuong. This order is estimated to be worth ~$8 billion at list price and is intended to support VietJet’s expansion over the next decade. The airline plans to boost flights on high-capacity routes across the Asia-Pacific region and introduce future long-haul services to Europe.
VietJet’s current fleet consists entirely of Airbus aircraft, which includes 115 single-aisle A320 Family planes and 7 A330-300s. The airline also has 96 A320neo Family single-aisle aircraft on order.
Airbus designs, manufactures, and delivers aeronautics and aerospace products, services, and solutions worldwide. It has three primary segments: Airbus, Airbus Helicopters, and Airbus Defence & Space.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
Hedge Fund Resource Center