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| Thursday, 13 February 2014, 20:00 HKT/SGT | |
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Source: VietJetAir | |
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SINGAPORE, Feb 13, 2014 - (ACN Newswire) - At the Airshow in Singapore BNP Paribas and VietJetAir have reached a mutual agreement wherein BNP Paribas was assigned to be the adviser and financing arranger for VietJetAir's aircraft order. In which BNP Paribas will arrange financing for the first three aircrafts that VietJetAir will receive in 2014. The value of these three aircrafts is at US$270 million. The two parties also agreed that BNP Paribas will be VietJetAir's strategic partner in other aircraft financing plans in the future.
BNP Paribas is a leading international bank in aviation finance, serving 128 airlines and aircraft leasing firms. In 2012 and 2013, the bank helped consulting and arranged financing for 125 aircrafts and the amount of loans that BNP Paribas has arranged was US$7.4 billion in 2012.
This agreement is another VietJetAir's step towards the 100 aircraft order with Airbus which was finalized few days ago at Singapore's Airshow.
"Air transport has been a vital part of the economy in Vietnam and an important foundation for the development of the country. As a result, we are glad to be appointed as the financier for the order of VietJetAir with Airbus. We are excited and looking forward to see the very first aircrafts in this order, which will be due for delivery within this year," said Representative from BNP Paribas.
VietJetAir is a favourite carrier in Vietnam and is the first private airline in Vietnam licenced to operate both domestic and international flights. Currently the airline operates a fleet of 11 A320s on a network covering 16 domestic routes and four international routes. The carrier will expand its international operations in Asia Pacific region.
Contact:
VietJetAir
Mr. Dinh Quang Trung (Timmy)
Email: trungdinh@vietjetair.com
Topic: Loans & Financing
Source: VietJetAir
Sectors: Daily Finance, Airlines
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From the Asia Corporate News Network
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