VietJetAir gets foreign loan for new aircraft

(VOV) -Vietnam’s leading low-cost airline VietJetAir has secured a loan agreement with BNP Paribas bank to purchase three new aircraft in 2014.

A VietJetAir spokesperson on December 23 did not disclose the value of the contract,  but said the first three Airbus to be delivered in 2014 will cost US$258 million.

vietjetair gets foreign loan for new aircraft hinh 0

This is the airline’s next step towards realizing an agreement with Airbus to purchase 100 planes signed on May 9, 2013, he said.

The agreement aims to meet VietJetAir's vision for the most modern fleet in the region and to become a multi-national airline.

BNP Paribas is one of the leading financial providers for the aviation industry, serving 128 airlines and aircraft leasing companies around the world.

The bank financed 125 different aircraft models between 2012-2013 at a total cost of US$7.24 billion.