Vietjet seals $1.24bn aircraft financing deal

Vietjet seals $1.24bn aircraft financing deal

Vietnam’s Vietjet Aviation said on Wednesday it signed a combined $1.24 billion worth of financing agreements to eventually purchase up to 10 Airbus planes.

Vietjet signed a financing agreement with Mitsubishi UFJ Lease & Finance Company Ltd, and France-based banking group, BNP Paribas, to finance the carrier’s acquisition of up to five new aircraft worth $614 million at list price.

Vietjet also signed a memorandum of understanding valued at $625 million for financing and future ownership of five other aircraft at list prices with France-based banking group, Natixis, and some Japanese equity underwriters, it said in a statement.

..