Boeing Wins $11.3 Billion Order for 100 Planes From VietJet

Boeing Co. won an order for 100 jets from VietJet Aviation Joint Stock Co., a Vietnamese carrier, in a deal valued at $11.3 billion based on list price, according to a statement from the airline.


VietJet will sign the agreement later today in Hanoi during President Barack Obama’s visit to Vietnam. Delivery of the planes will run for four years beginning in 2019 and will help the carrier expand its fleet to 200 by the end of 2023, the company said in a statement. The airline will purchase the Boeing 737 Max 200 planes.

The low-cost carrier, which started operations in December of 2011, is seeking to expand in a market that’s grown 20 percent annually in the last three years, according to the airline.

(Culled from bloomberg.com)