VietJet Inks Deal With Carlyle For 737 Order

25
September 11, 2023
Vietjet
Vietjet Chief Executive Officer Dinh Viet Phuong (left) and Carlyle Aviation Partners Co-founder & President Robert Korn co-sign the MoU for aircraft funding worth US$550 million in Hanoi

Vietjet and Carlyle Group, the US-based financial group, have signed an aircraft finance agreement worth US$550 million during the official visit of U.S. President Joe Biden to Vietnam.

Carlyle Aviation Partners, a wholly owned member of the Carlyle Group, will finance the 737 Max aircraft from the order of 200 aircraft between Vietjet and Boeing.

“Carlyle Aviation Partners has been a long-term strategic partner of Vietjet,” said Robert Korn -Co-Founder and President of Carlyle Aviation Partners. “We are pleased to accompany and witness Vietjet’s aggressive growth over the last decade. The airline has offered passengers reasonable fares and convenient travel options; thus contributing positively to the aviation and tourism development and also fostering investment between Vietnam and the international community.”

During the official visit of U.S. President Joe Biden to Vietnam, Vietjet and Boeing agreed on the delivery timeline of the first batch of Vietjet’s 200 B737 Max order. This order, which is worth over US$25 billion, will be implemented in five years with the first delivery of 12 aircraft scheduled for 2024.

The first batch of 737 Max will be delivered to Thai Vietjet, the affiliate company founded by Vietjet.

Founded in 2002 with headquarters in Miami, Florida, US, Carlyle Aviation Partners currently manages a fleet of 396 aircraft in 59 countries. It is owned by Carlyle Group, which manages US$385 billion in assets.

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