Local bank finances Vietnam Airlines aircraft deal

The Southeast Asia Commercial Joint Stock Bank (SeABank) has provided a 61-million USD loan for Vietnam Airlines to purchase Airbus A321-200 aircraft.
The Southeast Asia Commercial Joint Stock Bank (SeABank) has provided a61-million USD loan for Vietnam Airlines to purchase Airbus A321-200aircraft.

This is the first time the national flagcarrier has teamed up with SeABank to purchase the aircraft. SeABank isalso the first local bank to finance the deal.

Le ThuThuy, Vice Chairwoman of the SeABank Board of Directors, said the bank’scredit loan will help Vietnam Airlines fulfil its fleet expansion planto enhance operational efficiency on domestic and international airroutes and become one of the big airlines in the world.

Vietnam Airlines General Director Pham Ngoc Minh said the renovation ofthe fleet through the purchase of the world’s leading aircraft will helpthe airline meet the travel demand of passengers, increase flightfrequency and maintain service quality.

The craft arrived at Hanoi’s international airport on September 15 and is ready to be put in use.

This is the 50th A321 in Vietnam Airlines’ A321 fleet and the 22nd inthe airline’s plan of purchasing 26 new ones from the manufacturerAirbus during the 2011-15 period.-VNA

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