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Vietjet Signs Strategic Agreement With Mitsubishi UFJ Lease & Finance Company

June 7, 2017 Financial No Comments Email Email

Today, Vietjet Aviation Joint Stock Company (“Vietjet”) signed a strategic agreement with Mitsubishi UFJ Lease & Finance Company Limited (MUL), a member of Japan’s leading finance group Mitsubishi UFJ Financial Group (MUFG).

Vietjet President & CEO Nguyen Thi Phuong Thao and members of Management Boards of both companies witnessed the signing of the strategic agreement worth USD348 million in Tokyo

Signed in Tokyo, the agreement was witnessed by Vietnam’s Prime Minister Nguyen Xuan Phuc and will pave the way for MUL to finance Vietjet’s acquisition of three brand new Airbus A321 aircraft, worth US$348 million.

The three aircraft are part of an earlier contract signed between Vietjet and Airbus. Vietjet will receive the aircraft this year to meet expansion plans for the airline’s domestic and international flight network. The airline has so far taken delivery of more than 20 brand new A321s and A320s.

Under the terms of the agreement, Vietjet and MUL will also work together to share best practices for the operation and management of airlines.

Last week, in the U.S., Vietjet also signed a series of deals worth a total of US$4.7 billion for engines and components maintenance support and its techical services, auxiliary power unit (APU) supply and APU technical maintenance and aircraft financing and/or purchasing.

Vietjet Vice President Dinh Viet Phuong and MUL Managing Director Naoki Sato exchanged the signed agreement financing Vietjet’s acquisition of three new A321 aircraft under the witness of Vietnam Prime Minister Nguy

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