Airbus, VietJet sign $7.4 billion aircraft purchase contract

VietJet Aviation Joint Stock Co., Vietnam’s only private airline, signed a purchase contract with Airbus Group SE for 20 A330neo widebody aircraft, worth $7.4 billion at current list price, according to an emailed statement from VietJet.

The contract, signed on Monday at the Farnborough International Airshow in England, will help boost “VietJet’s growing long-haul services as well as on routes with high demand in the region” around Vietnam, according to the statement.

The planes are “slated to replace VietJet’s current fleet of A330-300 and support the airline’s strategic plan to expand its intercontinental flight network,” it said.