Vietjet and Pratt & Whitney sign $600M engine deal
Vietjet and Pratt & Whitney announced the selection of the PurePower Geared Turbofan (GTF) engine to power the airline’s order of 10 new aircraft on the occasion of the APEC 2017 and first official state visit to Vietnam by US President Donald Trump.
This deal, which is valued at $600 million at list prices, includes a 12-year EngineWiseFleet Management Program for Vietjet’s 10 new-age aircraft. The two companies have so far reached a trade turnover of $3.7 billion.
The signing took place in a ceremony in Hanoi and was attended by President of the Socialist Republic of Vietnam Trần Đại Quang and US President Donald Trump, along with officials from Vietjet and Pratt & Whitney.
“We are delighted to add 10 additional GTF-powered new aircraft to our fleet. We look forward to the proven performance and environmental benefits that they deliver,” said Dinh Viet Phuong, Vietjet vice president.
Since commencing operations in 2011, Vietjet, Vietnam’s largest domestic airline, has become the Asia Pacific’s fastest growing low-cost carrier. It has operated profitably since its second year of operation with over 73 domestic and international routes and technical reliability rate of 99.6%, the highest
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