On December 2, 2015 Vietjet and Military Bank reached a cooperation agreement, in which Military Bank will finance Vietjet a short-run credit worth VND500 billion to add on the airline’ working capital and to be disbursed for prepayment of aircraft purchasing.
Moreover, the bank will also provide Vietjet with a long-term credit that to buy one or two new aircraft from Airbus and with other mutually beneficial banking services.
The partners agree to collaborate on offering a new market approach, which can optimize Vietjet’s booking system and Military bank’s MB Plus service.
Providing credits for aircraft leasing and acquisition is a favorite financial activity because of its high internationalization and the collateral made by the aircraft themselves with highly proven transparency and global liquidity.
Speaking at the signing, Mr. Luu Duc Khanh, Vietjet’s Managing Director, said: “One of the airline’s priorities is offering passengers high quality aviation services. Flying with Vietjet, passengers can enjoy our wide-ranging sale channels, premium inflight services served by the airline’s friendly flight attendants as well as amazing daily promotional programs. Vietjet is dedicated to innovating and developing our services with an aim at bringing our passengers highest content.”
Delivering his speech, Mr. Luu Trung Thai, Military Bank’s Vice Chairman, said, “Since our establishment more than 21 years ago, Military Bank has achieved an impressive development and now is considered to be a high-profiled finance institution with sustainability in Vietnam. We are very glad about our partnership which will lead to more cooperation in the future between Vietjet and Military Bank. Together, we will offer our consumers more convenient and comfortable services in the future.”
With its non-stop developing fleet of modern aircraft, Vietjet is expanding its network within Vietnam and connecting to other destinations in the region. Flying with Vietjet, passengers will experience the full suite of Vietjet’s high-quality services, including SkyBoss as well as opportunities to win economical fares and special surprises from the airline’s promotional campaigns.