Vietjet Air signed significant new engine deal on 13 November 2017

Press Release by : Vietjet Air

                               c/o Media Services HK

Edited by : Gan Yung Chyan

                 / KUCINTA SETIA
Distributed to All Press & Travel Professionals

On 13 November 2017, Vietjet Air and Pratt & Whitney, a world leader in the design, manufacture and service of aircraft engines and auxiliary power units, announced Vietjet's 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 U.S. President Donald Trump.

The deal, valued at 600 million US Dollars at list price, includes a 12-year EngineWise Fleet Management Program for Vietjet’s 10 new-age aircraft. The two companies have so far reached a trade turnover of 3.7 billion US Dollars.

The signing ceremony took place in Hanoi and was attended by President of the Socialist Republic of Vietnam Trần Đại Quang and U.S. President Donald Trump, along with officials from Vietjet Air 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 Air Vice President.

Since entering into service in early 2016, the GTF engine has demonstrated its promised ability to reduce fuel burn by 16 percent, regulated emissions by 50 percent and noise footprint by 75 percent.

  

Since commencing operations in 2011, Vietjet Air, Vietnam’s largest domestic airline, has become 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 rate among airlines in the region that operate with the same aircraft model.