Vietnam Air, Boeing near $7.5 billion deal for 50 737 max planes

Hanoi, Sept. 10 (BNA): Vietnam Airlines (HVN.HM) is expected to sign an initial agreement to buy about 50 Boeing (BA.N) 737 Max jets in a deal valued at about $7.5 billion, a person familiar with the talks told Reuters on Sunday.

According to Reuters, the deal would be worth up to $7 billion at list prices, and usually companies that buy in bulk get discounts, but the person familiar with the talks did not comment on this.

Boeing has a deal with Vietnam Airlines’ rival VietJet (VJC.HM) for the sale of 200 of its 737 MAX planes.

Vietnam was the world’s fifth fastest-growing aviation market in 2022 when it lifted COVID-19 travel restrictions, according to the International Air Transport Association (IATA), which predicts the country will serve 150 million air transport passengers by 2035.

Boeing 737 Max jets were grounded worldwide for months after two fatal crashes in Indonesia and Ethiopia in 2018 and 2019. The planes returned to service from the end of 2020.


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