Vietjet, Rolls-Royce sign 400 mln USD deal for modern aircraft engines

Vietjet and Rolls-Royce has signed an agreement to provide engines and engine services for the airline’s coming wide-body fleet with a total value of approximately 400 million USD.
Vietjet, Rolls-Royce sign 400 mln USD deal for modern aircraft engines ảnh 1(Left to right) Rolls-Royce representatives, Vietjet Managing Director Dinh Viet Phuong (3rd) and Vietjet President & CEO Nguyen Thi Phuong Thao (4th) at the agreement signing event. (Photo: Vietjet)
London (VNA) - Vietjet and Rolls-Royce has signed an agreement toprovide engines and engine services for the airline’s coming wide-body fleetwith a total value of approximately 400 million USD.

The signing ceremony was witnessed by Vietnam’s Prime Minister Pham Minh Chinhand high-ranking dignitaries of Vietnam and the United Kingdom during the PrimeMinister’s attendance at COP26, the 26th United Nations Climate ChangeConference of the Parties.

Ewen McDonald, Chief Customer Officer, Rolls-Royce Civil Aerospace said: “Weare thrilled that Vietjet has chosen our Trent 700 engines to support theirfleet development. The Trent 700 has the lowest lifetime fuel burn and the besteconomics on its aircraft type. In addition, our TotalCare service will helpVietjet maximise the value of its engine assets and increase time-on-wingperformance. We look forward to working with Vietjet as they expand theirgeographical footprint.”

The Trent 700 is the only engine specifically designed for this wide-bodyaircraft and is widely recognised for its outstanding efficiency andreliability. Since its launch in 1995, the Trent 700 has logged more than 60million hours in service.

Vietjet Managing Director Dinh Viet Phuong said: “Vietjet is delighted to havethis very first and meaningful partnership with Rolls-Royce. We believe thatthe Trent 700 engines will bring a technology breakthrough to Vietjet’s fleet,helping improve flight range and quality and thereby boosting our aircraft’stechnical reliability and operational efficiency. The engines are also expectedto make our fleet more synchronous. We hope this partnership will alsocontribute to trade promotion between Vietnam and the UK, creating more jobs forpeople and businesses of the two countries while making the connectivitybetween continents more convenient and economical in the future”.

With a comprehensive network in Vietnam and Asia Pacific, Vietjet looks tofurther expand its wings across continents thanks to its new and modern fleetin the coming time.

Rolls-Royce operates in various segments including power systems, aerospace anddefence. It has customers in more than 150 countries, comprising more than 400airlines and leasing customers, 160 armed forces and navies, and more than5,000 power and nuclear customers.

Known as a new-age carrier, Vietjet has not only revolutionised the aviationindustry in Vietnam but also been a pioneering airline across the region andaround the world. With a focus on cost management ability, effectiveoperations, and performance, the carrier offers flying opportunities withcost-saving and flexible fares as well as diversified services to meetcustomers’ demands.

Vietjet is a fully-fledged member of International Air Transport Association(IATA) with the IATA Operational Safety Audit (IOSA) certificate. As Vietnam’slargest private carrier, the airline was awarded the highest ranking for safetywith 7 stars in 2018 and 2019 by the world’s only safety and product ratingwebsite airlineratings.com and listed as one of the world's 50 best airlinesfor healthy financing and operations by Airfinance Journal in 2018 and 2019.The airline has also been named as Best Low-Cost Carrier by renowned organizationssuch as Skytrax, CAPA, Airline Ratings, and many others./.
VNA

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