Vietjet signs MoU for long-term engine support

(Hanoi, November 2, 2018) – New-age carrier Vietjet and CFM International signed a Memorandum of Understanding (MoU) for a long-term LEAP-1B engine support worth US$5.3 billion according to the manufacturer’s list price.

Vietjet’s President & CEO Nguyen Thi Phuong Thao and Philippe Couteaux, Vice President of Sales and Marketing for CFM International signed the MOU under the witness of Vietnam’s Prime Minister Nguyen Xuan Phuc and French Prime Minister Édouard Philippe.

The MoU includes spare engines and support packages to facilitate the airline’s already-ordered new and modern aircraft.

CFM International has provided engines for Vietjet’s modern aircraft since the airline commenced operations in late 2011 with CFM56-powered aircraft and currently operates a fleet of 65 CFM56-powered aircraft.

“The LEAP-1B has been doing extremely well in commercial service in the last 18 months and we believe the engine will prove to be an important asset for VietJet over the long term,” said Philippe Couteaux, vice president of Sales and Marketing for CFM International. “Over the past seven years, CFM has worked closely with VietJet to introduce several support programs in terms of technical management, training, and fuel efficiency. We certainly appreciate the high level of confidence this agreement shows in CFM and we look forward to further strengthening this very special relationship in the years to come.”