Wednesday, July 30, 2025 8:04:41 PM - Markets open
VN-INDEX 1,507.63 +14.22/+0.95%
HNX-INDEX 261.51 +6.15/+2.41%
UPCOM-INDEX 105.11 -0.96/-0.91%
Vietjet, Honeywell ink $1.1 billion deal
vietnamnews - 9/24/2024 2:31:01 PM
 (0 ratings. You must sign in to rate.)
Vietjet will implement Honeywell’s avionics and APU (Auxiliary Power Unit) maintenance programmes on its new-generation wide-body A330neo and new narrow-body aircraft.
 
 
Vietjet Chief Executive Officer Dinh Viet Phuong (right) and Joseph Vitulli, representative of Honeywell Aerospace Technologies, exchanged the agreement in the witness of Vietnam’s Party General Secretary and State President To Lam. — Photo courtesy of Vietjet
 
Vietjet and US-based Honeywell Aerospace Technologies have exchanged a cooperation agreement valued at US$1.1 billion, to provide avionics and aviation technical services for Vietjet’s modern and fuel-efficient fleet.
 
The signing took place on September 23 in the presence of Việt Nam’s Party General Secretary and State President To Lam, during his working visit to the US.
 
The agreement marks a significant step in Vietjet's ongoing efforts to modernise its fleet, the airline said in a statement. 
 
Vietjet will implement Honeywell’s avionics and APU (Auxiliary Power Unit) maintenance programmes on its new-generation wide-body A330neo and new narrow-body aircraft.
 
The agreement also includes Honeywell Flight Efficiency, a solution which will provide emission reduction and fuel-efficiency monitoring across Vietjet’s entire fleet.
 
Vietjet Chief Executive Officer Dinh Viet Phuong said: “Today’s agreement represents a new milestone in our long-standing partnership with Honeywell.
 
"Vietjet is committed to driving sustainable growth and green transformation with the goals of emission reduction and intercontinental flight network expansion."
 
"Honeywell's advanced technology will play a crucial role in helping us better serve our valued passengers with convenient, high-quality, safe, and eco-friendly flights while fostering sustainability in line with our ESG goals,” Phương said. 
 
 “We are thrilled to expand our collaboration with Vietjet through this important agreement,” said Joseph Vitulli, representative of Honeywell Aerospace Technologies.
 
“Honeywell has partnered with Vietjet for nearly a decade and will continue to support the airline in achieving its long-term goals while enhancing passengers’ flight experience.
 
"We have consistently succeeded in developing and implementing solutions to reduce carbon footprints, enabling airlines to optimise fuel consumption by analysing aircraft performance and sharing best practices across their operations,” he said. 
 
Vietjet has earned a 7/7-star safety rating from AirlineRatings and has consistently been recognised as one of the world’s safest low-cost airlines.
 
The airline continues to expand its fleet with new, fuel-efficient aircraft, achieving a technical reliability rate of 99.6 per cent, placing it among the top airlines globally.
 
Through collaborations with Honeywell and other global aviation leaders, Vietjet remains committed to investing in advanced aviation technologies to ensure the best flying experience for its passengers worldwide. — VNS
 
Read original article here
Newer News
29/07 Private enterprises to be a driving force behind VN's brands
28/07 VIC: Vingroup seeks shareholder approval for business expansion
11/07 HPG: Hòa Phát reported 5 million tonnes in sales during first half of 2025
11/07 Nearly 1,500 household businesses converted into enterprises in six months
07/07 VJC: Vietjet appoints new managing director
07/07 Over 152,000 new businesses enter the market in first half of 2025
02/07 Vietjet launches new Hà Nội–Chengdu route
02/07 HVN: Vietnam Airlines Inaugurates direct Hà Nội–Milan route
30/06 Vinfast inaugurates electric vehicle plant in Hà Tĩnh
24/06 Vietjet launches direct flights connecting Việt Nam and Russia
Older News
24/09 SBG: Share issuance for capital increase
24/09 SBG: Supplement information to the share public offering
24/09 FUEVN100: NAV 22 Sep 2024
24/09 FUEVN100: Announcement after exchange trading 20 Sep 2024
24/09 FUEVN100: Basket of component securities 23 Sep 2024
24/09 FUEVFVND: NAV 19 Sep 2024
24/09 FUEVFVND: NAV week from 13 Sep 2024 to 19 Sep 2024
24/09 FUEVFVND: Announcement after exchange trading 20 Sep 2024
24/09 FUEVFVND: Basket of component securities 23 Sep 2024
24/09 FUESSVFL: NAV 22 Sep 2024
 
Newsletter Signup
Top Stories
From pioneer to leader: Việt Nam's stock market hits 25-year milestone
New tax plan could discourage stock investment: insiders
MoF proposes 20% tax on capital gains from securities and equity transfers
HNX halts new stock listings in exchange restructuring
Market begins July with optimism, strong foreign investment
Market Update
Last updated at 3:10:03 PM
VN-INDEX 1,507.63 +14.22/+0.95%
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.