VietJet Air Signs $8 Billion Engine Deal

VietJet Air has reaffirmed its commitment to acquire over 400 LEAP-1B engines from CFM International during a signing ceremony in Paris, attended by Vietnamese President To Lam and French President Emmanuel Macron. This agreement, valued at approximately $8 billion, is part of two earlier orders made in 2016 and 2018, with deliveries of the Boeing 737 MAX aircraft set to begin in 2025. The LEAP engines are expected to provide 15 to 20% lower fuel consumption and CO2 emissions, contributing to VietJet's sustainability goals. VietJet currently operates a fleet of Airbus aircraft powered by CFM56-5B engines and aims to enhance its operational efficiency with the new LEAP-1B engines. The airline is also expanding its international routes and increasing flight frequencies to accommodate peak travel periods. This partnership with CFM reflects VietJet's strategic growth in the Asia-Pacific aviation market.