© Reuters. An plane of the nationwide flag provider Vietnam Airways taxis at Noi Bai airport in Hanoi, Vietnam December 23, 2020. Image taken December 23, 2020. REUTERS/Kham/file photograph
(Reuters) -The White Home mentioned on Monday that Vietnam Airways’ deal to purchase 50 737 Max jets from U.S. planemaker Boeing (NYSE:) is price $7.8 billion.
The assertion confirms the deal worth that Reuters had reported on Sunday, citing a supply. Reuters additionally beforehand reported Boeing’s plan to promote the jets to Vietnam Air.
Boeing and Vietnam Airways didn’t instantly reply to Reuters’ requests for remark. The deal between the 2 firms was introduced by the White Home on Sunday.
Vietnam was the world’s fifth fastest-growing aviation market in 2022 when it lifted COVID-19 journey restrictions, in response to the Worldwide Air Transport Affiliation (IATA), which predicts the nation will serve 150 million air transport passengers by 2035.
Boeing additionally has a cope with Vietnam Airways’ rival VietJet for the sale of 200 of its 737 MAX planes.
U.S. President Joe Biden is at the moment on a go to to Hanoi, with high firm executives utilizing that chance to forge enterprise partnerships.
Different offers unveiled by the White Home throughout Biden’s go to included plans by Microsoft (NASDAQ:) to make a “generative AI-based resolution tailor-made for Vietnam and rising markets”, and Nvidia (NASDAQ:) partnering with Vietnam’s FPT, Viettel and Vingroup, VinFast (NASDAQ:)’s father or mother firm, on AI within the nation.