Vietnamese budget airline Vietjet announced on Thursday that it has signed a $300 million financing agreement with AV AirFinance, a partner of investment fund KKR, to support the expansion of its fleet.
This deal follows a previous report by Reuters last week, confirming the agreement made between Vietjet and AV AirFinance. The deal was finalized during a visit to the U.S. by Deputy Prime Minister Ho Duc Phoc for tariff discussions. Initially, the deal was reported to be valued at $200 million.
Vietjet also stated that this agreement is part of a series of financing agreements totaling $4 billion with U.S. partners.
In addition, the airline has agreed to purchase 200 Boeing 737 MAX jets, a deal first signed in 2016 and revised during President Trump’s visit to Vietnam in 2019. While no jets have been delivered yet, Vietjet is expecting to receive its first jets this year and is in discussions to increase the order, according to the statement.
Reuters reported last Friday that Vietjet is also considering purchasing 20 Boeing 787 wide-body jets.
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