VietNamNet Bridge - Vietjet on June 17 inked a deal with aircraft manufacturer Airbus to purchase six more A321 jets worth a total of US$682 million at the Paris Air Show 2015 in France.

The signing ceremony between VietJet and Airbus.

The purchase of these A321, one of the most modern single-aisle aircraft produced by Airbus, is in addition to a deal made last year by the Vietnamese airline and the European aircraft manufacturer for the purchase and lease of 100 aircraft. These aircraft will be delivered in 2017.

As of early 2015, a total of six A320 and A321 aircraft from that initial order had been delivered to Vietjet. As per the contract, Vietjet will continue to receive six to 12 aircraft every year until the order is complete.

Also at the Paris Air Show 2015 Vietjet inked deals with many other partners. The airline co-signed a US$60 million credit agreement with BNP Paribas, the French bank and financial services, which will finance Vietjet’s purchase of six aircraft from the Airbus A320 family between now and the end of 2017.

Previously, BNP Paribas acted as a financial adviser to Vietjet for the airline’s contract to purchase and lease 100 aircraft from Airbus. The airline has already received six aircraft from that order in 2014 and early 2015.

Vietjet also signed another major contract with several partners for its fleet’s insurance package for 2015-2016 worth US$1.5 billion. British insurance giants Willis Group Holdings and JLT Group were all appointed as brokers along with Vietnam-based insurers, Bao Viet Holdings Company, PetroVietnam Insurance Joint Stock Corporation (PVI) and Global Insurance Corporation (GIC).

PV