Singapore_Air From United Kingdom, joined Nov 2000, 13745 posts, RR: 19 Posted (13 years 3 months 3 weeks 13 hours ago) and read 1316 times:
I am happy. This is good news that they are starting to buy aircraft instead of leasing them out.
Vietnam Airlines agrees to buy five Airbus planes
Associated Press - September 3, 2001
HANOI, Vietnam (AP) - Vietnam Airlines has agreed to buy five Airbus A320 planes as part of its fleet enlargement plan, an airline official said Monday.
Representatives of Vietnam Airlines and Airbus Industrie signed a letter of intent in Hanoi on Sunday witnessed by the French minister for transport, equipment and housing, Jean-Claude Gayssot, the official said.
The national carrier earlier also signed a letter of intent to buy aircraft from Boeing.
Over the decade until 2010, the airline plans to spend 19 trillion dong (dlrs 1.3 billion) to own a total of 34 aircraft.
The government has already approved a plan by Vietnam Airlines to spend 15 trillion dong (dlrs 1 billion) over the next five years.
Vietnam Airlines now operates 23 aircraft - 10 Airbus A320s, five Boeing 767s, six short-haul ATR72s and two short-haul Fokkers - but it only owns four ATR72s and two Fokkers.
The money for the fleet expansion plan will come from airline earnings, preferential government loans, bonds and income tax credits.
Copyright 2001 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.