A Major Airbus Order

A major Airbus order for 100 aircraft has been converted into a firm purchase following an MoU.

The deal is with VietJet, a growing airline based in Vietnam, keen to expand its single-aisle fleet, and it has turned to Airbus to make that a reality.

VietJet’s MoU (Memorandum of Understanding) was initially signed in June, and the carrier has now turned the deal, which includes 100 A321neo jets, into a firm contract.

Total A321neo orders from this airline reached 280 aircraft, underscoring the importance of network expansion and fleet modernisation.

VietJet also doesn’t call the deal a simple contract, but rather a symbol of the trust it has in Airbus for the future and of the shared vision the pair have for developing global connectivity sustainably.

The A321neo has quickly become one of Airbus’ most popular jets in its commercial aircraft division, with key perfromance metrics including a capacity jump over the A320neo, meaning it can offer airlines exactly what they need for their single-aisle fleets.

Additionally, as Airbus develops the jet through new derivatives such as the A321LR and A321XLR, these two aircraft offer airlines more than just base models, making the plane a leader in this sector.

Nowadays, the A321neo has seen sales exceed 7,100, and the backlog represents a large portion of the undelivered A320neo family jets, which is exactly why scheduled production increases will be pivotal for the business.

Two Big Airbus Orders From VietJet

The purchase of the A321neo not only solidifies VietJet’s future with a healthy backlog that’ll reduce emissions and improve noise and efficiency, but also works in tandem with a previous deal for new widebody planes.

VietJet will also fly the Airbus A330neo, with an order placed in 2024 for 20 units, all of which are for the larger, vastly more popular A330-900.

The deal for the A330neo will go hand in hand with replacement efforts for the existing Airbus A330s, which are now considered old-gen aircraft, while also fueling future growth.

For VietJet, the firming of the A330neo deal is crucial, as it represents their first widebody order and a genuine bid to grow their network for the long term.

While international markets will benefit from the addition of the A330neo, VietJet doesn’t believe this sector will be the only one to see the positive repercussions of a new aircraft.

In a press release, the airline stated that the aircraft would also be deployed across regional services that require a higher-capacity plane, bringing truckloads of efficiency.

Ultimately, this added efficiency will enable better economics and, thus, financial performance across the business while helping to meet sustainability goals. These factors, among many others, are among the reasons airlines look to purchase new aircraft, such as the A330neo, for their fleets.

VietJet is embarking on a fleet modernisation, and the A330neo is seen as just one part of a lengthy jigsaw puzzle that includes other Airbus next-gen types.

With the sizeable confirmation of a new deal for 100 A321neo aircraft now also arrived, this will help cement VietJet’s long-term future and give them adequate capacity to grow moving forward.

Once all these aircraft are delivered and operational, the airline believes the benefits will be clear, and its role within the Vietnamese sector and broader markets will undoubtedly be felt.