Vietnam Airlines and VALC Sign For 12 Boeing 787s | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

Sun, Nov 18, 2007

Vietnam Airlines and VALC Sign For 12 Boeing 787s

Booming Demand Spurs Order Now

Recognizing a possible backorder on aircraft--Vietnam plans to buy a dozen Boeing 787s to meet growing demand for air travel in the booming Southeast Asian country, the Associated Press said Friday. Vietnam Airlines will purchase four of the planes and a new joint venture called Vietnam Aircraft Leasing Co. will purchase eight, company officials announced. They expect to sign the deals soon.

State Owned Vietnam Airlines and Chicago-based Boeing Co. declined to disclose the price of their deal. The new JV airline VALC said it would pay $1.42 billion for its eight planes.

Airlines wishing to improve their safety image in Southeast Asia are lining up to buy new planes, said Pham Ngoc Minh, vice president of Vietnam Airlines and chairman of VALC. "If we don't make a quick and bold move now, the delivery of the planes would have to be pushed back further," Minh said.

VALC consists of five large state-owned Vietnamese companies, including Vietnam Airlines which is the biggest stakeholder with 23 percent. VALC indicated it will lease its 787s to Vietnam Airlines upon delivery in 2014. Vietnam Airlines had already previously ordered four 787s in 2005.

Two years ago Vietnam Airlines said it planned to have 80 planes by 2015 and 110 by 2020. Vietnam Airlines now has only 46 aircraft in its fleet. The rapid pace of economic growth in Vietnam is also credited for the decision, said Minh. A surge in the regions economy may instigate more aircraft orders, he added.

In September, Vietnam Airlines signed a memorandum of understanding with Airbus to buy 10 A350-900 plus 20 smaller A321s. Vietnam a new member of the World Trade Organization, has been implementing free-market reforms, and its economy is now among the fastest growing in the world, increasing by more than 8 percent last year. Foreign investments and tourism have spurred its growth, according to the Associated Press.

Vietnam's air transport market has grown an average of 15 percent per year in recent years said Vietnam Airlines spokesman Trinh Ngoc Thanh.

FMI: www.vietnamairlines.com

Advertisement

More News

NTSB Final Report: Aviat A1

Airplane Bounced About 3 Ft Then Touched Back Down And Then, With No Brakes Applied, The Airplane Began Veering To The Left Analysis: The pilot entered the airport traffic pattern >[...]

ANN's Daily Aero-Linx (07.08.25)

Aero Linx: British Microlight Aircraft Association (BMAA) The primary focus within all aviation activity is SAFETY. In all aspects of our sport SAFETY must come first, whether it b>[...]

Classic Aero-TV: Fly Corvair’s Reliable Engine Alternative

From SnF25 (YouTube Edition): William Wynne Builds Practical Aircraft Engines on the Corvair Platform Seeking an affordable alternative to the traditional aircraft engine options, >[...]

ANN FAQ: Contributing To Aero-TV

How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]

Classic Aero-TV: CiES Fuel-Quantity and e-Throttle Systems Praised

From 2023 (YouTube Edition): Bridge of CiES CiES Inc. is a Bend, Oregon-based designer and manufacturer of modular embedded aircraft systems and sensors. The company’s fuel-l>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC