Friday, November 8, 2024 6:29:23 PM - Markets closed
VN-INDEX 1,252.56 -7.19/-0.57%
HNX-INDEX 226.88 -0.61/-0.27%
UPCOM-INDEX 92.15 -0.17/-0.18%
Vietjet, Castlelake reach MOU for four Airbus aircraft valued at $560 million
vietnamnews - 10/5/2024 9:42:28 AM
 (0 ratings. You must sign in to rate.)
As part of the MOU, Castlelake, a global alternative investment manager specialising in asset-based investing, intends to provide financing for four new Airbus A321neo aircraft under Vietjet’s existing order with Airbus.
 
 
Leadership representatives of Vietjet (right) and Castlelake (left) exchange the MOU to finance four Airbus aircraft in the presence of Việt Nam's General Secretary and State President Tô Lâm (center) in Dublin, Ireland. — Photo courtesy of Vietjet
 
Vietjet and Castlelake have signed a Memorandum of Understanding (MOU) to finance four aircraft valued at US$560 million.
 
The event took place in the presence of Vietnam's General Secretary and State President To Lam at the Vietnam-Ireland Business Forum on Thursday.
 
As part of the MOU, Castlelake, a global alternative investment manager specialising in asset-based investing, will provide financing for four new Airbus A321neo aircraft under Vietjet’s existing order with Airbus.
 
The aircraft will be delivered by the end of the year. The anticipated transaction follows a financing agreement that was completed in 2023 for three Airbus A321neo aircraft and lays a foundation for future cooperation on financing agreements related to Vietjet’s rapidly growing fleet.
 
Chris Buckley, Partner and Aviation Chief Commercial Officer at Castlelake, said: “Castlelake is pleased to support Vietjet’s mission to provide exceptional aviation service through our finance leasing solutions."
 
“We look forward to pursuing this transaction and exploring more opportunities to grow the business with Vietjet in the future,” he said.
 
Vietjet Chief Executive Officer Dinh Viet Phuong said the agreement aligns with Vietjet's strategy to expand its fleet and global flight network.
 
"Backed by international financing, Vietjet continues to provide safe, comfortable and cost-effective flights on modern aircraft, connecting travellers to exciting global destinations. Our services not only enhance tourism but also drive economic growth and foster cultural exchange among countries and continents,” he said.
 
Vietjet currently operates a fleet of over 100 aircraft. The airline is committed to environmental protection and fuel efficiency, with a goal of achieving net-zero emissions by 2050. It has transported over 200 million passengers, including millions flying for the first time.
 
With the new aircraft, Vietjet will further expand its network both in Vietnam and internationally, adding new destinations in Australia, India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Malaysia, Laos and Cambodia.
 
Founded in 2005, Castlelake has invested directly or indirectly in more than 650 aircraft of various types and has developed relationships with approximately 200 airlines spanning more than 60 countries around the globe. — VNS
 
Read original article here
Newer News
03/12 FUEDCMID: Thông báo thay đổi giá trị tài sản ròng ngày 10/03/2024
03/12 FUESSVFL: Thông báo thay đổi giá trị tài sản ròng ngày 11/03/2024
03/12 FUESSVFL: Kết thúc giao dịch hoán đổi ngày 11/03/2024
03/12 E1VFVN30: Kết thúc giao dịch hoán đổi ngày 11/03/2024
03/12 FUEDCMID: Kết thúc giao dịch hoán đổi ngày 11/03/2024
03/12 FUEDCMID: Báo cáo hoạt động đầu tư năm 2023
03/12 E1VFVN30: Báo cáo hoạt động đầu tư năm 2023
03/12 FUEDCMID: Báo cáo tổng kết hoạt động quản lý quỹ năm 2023
03/12 E1VFVN30: Báo cáo tổng kết hoạt động quản lý quỹ năm 2023
03/12 LEC: Báo cáo kiểm toán nội bộ 2022
Older News
04/10 VCB: Approval for facility agreement
04/10 TMP: BOD resolution on transferring shares
04/10 SSB: Record date for collecting shareholders' opinions and holding EGM 2024
04/10 NKG: Change in personnel
04/10 MBB: Plan for bond private placement
04/10 NHH: Plan for 2024 EGM
04/10 KDH: Record date for 2023 stock dividend payment
04/10 IMP: Record date for collecting shareholders’ written opinions
04/10 FUEVFVND: Announcement of the change of listing
04/10 E1VFVN30: Announcement of the change of listing
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,252.56 -7.19/-0.57%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.