SeABank funds Vietnam Airlines aircraft deal

(VOV) -National flag carrier Vietnam Airlines announced on September 23 the purchase of an Airbus A321-200 aircraft financed by South East Asia Bank (SeABank).

This is the first time Vietnam Airlines has teamed up with SeABank to purchase the aircraft. SeABank is also the first local bank to finance the deal.

As part of its fleet expansion plans to acquire a total of 26 aircraft during the period 2011-2015, this is the 22nd purchase by the airline from manufacturer Airbus.

Vietnam Airlines is giving priority to Airbus A321 aircraft thanks to its technological advantages, reduced noise, and lower fuel consumption and maintenance costs.

Pham Ngoc Minh, General Director of Vietnam Airlines said the renovation of the fleet through the purchase of world’s leading aircraft will help the airline meet the travel demand of passengers, increase flight frequency and maintain service quality.

Le Thu Thuy, Standing Vice Chairman of SeABank Board of Directors, in turn said the bank’s credit loans will help Vietnam Airlines enhance operational efficiency on domestic and international air routes and transform into one of the premiere airlines in the world.