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NEWS
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Economic News |
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| VIETJET AIR to lease Boeing aircrafts through GECAS |
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Source: airlines.net
| Hanoi, June 24, 2008: To prepare for its inaugural flight at the end of this year, VIETJET AIR has signed a contract with GECAS (GE Commercial Aviation Service, a leading global company in commercial aircraft leasing and finance) to lease 2 Boeing 737-700 aircrafts for a period of seven years.
| Established in December 2007,
VIETJET AIR is the first private airline in Vietnam. The inaugural
flight is expected to take off in December 2008. VIETJET AIR is
currently undergoing the proper procedures, including working closely
with government agencies such as the CCAV, human resources recruitment
and training, and aircraft leasing.
In order to complete all the preparations for this launch, VIETJET AIR is currently finalising a contract with GE Commercial Aviation Service (GECAS), a company that provides a diverse fleet, financing and productivity solutions to the commercial aviation industry, to lease 2 one-year old Boeing 737 – 700 aircrafts over a span of seven years. These aircrafts will be delivered in November in time for the official launch of VIETJET AIR. Each aircraft will have 125 economy-class and 18 premium-class seats. VIETJET AIR is preparing to lease a third aircraft and will seek to mobilize capital next year to lease additional aircrafts to meet demand. As part of the company’s long-term plans, VIETJET AIR will lease or purchase some 20 aircrafts for its operations.
“Everything is going well so far. Our first group of cabin crew is in training to ensure the first flight will take off later this year. We are also recruiting outstanding candidates to join our management team. There are approximately 400 positions available throughout VIETJET AIR bringing fresh opportunities for local Vietnamese to join this exciting industry”, CEO Brian Presbury of VIETJET AIR revealed.
VIETJET AIR is positioning itself as a “New Generation” airline that will focus on the maintenance of a low-cost structure to deliver consistently competitive fares for its passengers yet still provides high quality services to customers so that they will receive the best value for their money. At the outset, VIETJET AIR will start with the domestic routes of Hanoi – HCMC and Hanoi – Da Nang and vice versa before expanding to other destinations within Vietnam. In the longer term, I t will also launch international routes to Hong Kong, southern provinces of China, Bangkok, Korea, as well as Japan.
ABOUT VIETJET AIR
VietJet Aviation Joint Stock Company, based in Hanoi, is the first private airline in Vietnam that has been granted operating license in 2007. The airline will operate air passenger and cargo transport, and other air logistics services.
With the register capital of VND600 billion (US$37.5 million), VIETJET AIR is a 100% Vietnamese company with founding shareholders include T&C Group, Sovico Group and Housing Development Bank (HD Bank).
Source: www.vietjetair.com
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