Vietnam private airline chooses CFM engine for A320 fleet

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     Gaël Meheust, vice president of sales for CFM (L), and Nguyen Thi Phuong Thao, CEO of VietJetAir, sign an agreement for 21 CFM56-5B engines for the latter's Airbus A320 aircraft at the Singapore Airshow Wednesday. Photo courtesy of VietJetAir

VietJetAir has chosen French-American company CFM's engines for its 21 Airbus A320ceo (current engine option) family aircraft in a deal valued at more than US$800 million.

The agreement was signed Wednesday by Nguyen Thi Phuong Thao, CEO of the budget carrier, and Gaël Meheust, CFM's vice president of sales, at the Singapore Airshow.

Based on our experience with CFM to date, the CFM56-5B engine was the natural choice for our new A320ceos,” Chu Viet Cuong, a member of the VietJetAir board, said . 

"CFM has been an integral part of our growth today, and our experience has shown that we can continue to rely on them for a best-in-class combination of economic efficiency, reliability, and time on wing to support our continued growth”.

Meheust said: “We are thrilled to take our relationship with VietJetAir to the next level. We have enjoyed getting to know this airline over the past two years and are really looking forward to partnering with them as they continue to build their brand in the region.”

CFM is a joint venture between GE of the US and Snecma (SAFRAN) of France.

Also at the Singapore Airshow, VietJetAir signed an agreement with French bank BNP Paribas Thursday to assign the bank to arrange financing for its purchase of the first three aircrafts in 2014.

The three aircrafts are valued at $270 million. The agreement is another VietJetAir’s step towards the 100 aircraft order with Airbus which was finalized earlier at the airshow.

Also at the Singapore Airshow, VietJetAir signed an agreement with French bank BNP Paribas Thursday for arranging finance for purchase of three aircraft in 2014 for US$270 million.

The agreement is another step for VietJetAir toward the 100-aircraft deal with Airbus it finalized earlier at the airshow.

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