Vietjet Inks Strategic Aircraft Financing Agreement with Mitsubishi UFJ Financial Group
Tokyo, 6 June 2017
Vietjet and Mitsubishi UFJ Lease & Finance Company Limited (MUL), a member of Japan’s leading finance group Mitsubishi UFJ Financial Group (MUFG), have signed a strategic agreement which will pave the way for MUL to finance Vietjet’s acquisition of three brand new A321 aircrafts worth US$348 million – according to the manufacturer’s listed price.
The signing ceremony was witnessed by Vietnam’s Prime Minister Nguyen Xuan Phuc and high-ranking dignitaries from Vietnam and Japan.
The three aircrafts are part of the A320 family aircraft contract signed earlier between Vietjet and European aircraft manufacturer, Airbus. Vietjet will receive the aircrafts within the 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.