Bamboo Airways signs US$36-mln aircraft maintenance contract
Bamboo Airways and the Israel Aerospace Industries (IAI) on July 10 signed a cooperation contract worth US$36 million.
Under the contract, the IAI will provide maintenance services for six CFM56-5B engines installed on the Vietnamese carrier’s A321 aircraft in the 2024-2025 period.
Additionally, the major Israeli aerospace and aviation manufacturer will lease another engine to Bamboo Airways for two years, starting in 2024.
Bamboo Airways General Director Luong Hoai Nam said that the professional MRO (maintenance - repair - operation) service that IAI offers will contribute to improving the quality and reliability of the airline’s fleet.
The signing of the contract is part of Bamboo Airways' plan to develop and operate its fleet of narrow-body A320/A321 aircraft. This initiative is a key component of the airline's restructuring strategy, focusing on a single-fleet type approach that exclusively includes Airbus A320/A321.
In the first half of 2024, Bamboo Airways rented an additional three A320 aircraft, increasing its operational fleet to eight.
It plans to continue to rent more aircraft to expand its fleet to 12 by the end of 2024 and 18 by the end of 2025, if market conditions allow.
In addition to efforts to develop its fleet, Bamboo Airways is also focusing on fully utilising high-demand routes.
Recently, the carrier continued to be honoured in the Top 5 Best Regional Airlines in Asia in 2024 by international airport ratings agency Skytrax.
