Vietjet and Carlyle Group sign a MoU for aircraft funding worth $550 million

September 12, 2023 | 11:09

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Vietjet and Carlyle Group, a US-based financial entity, signed an aircraft finance agreement worth $550 million during US President Joe Biden's official visit to Vietnam.

Vietjet and Carlyle Group sign a MoU for aircraft funding worth $550 million

Carlyle Aviation Partners, a wholly owned member of the Carlyle Group, will finance the order of 200 737 Max aircraft from Boeing. This is a significant order and one of the largest commercial contracts between Vietnam and the United States to date.

Robert Korn, co-founder and president of Carlyle Aviation Partners said, “Carlyle Aviation Partners has been a long-term strategic partner of Vietjet.”

“We are pleased to witness Vietjet’s aggressive growth over the last decade. The airline has offered passengers reasonable fares and convenient travel options, thus contributing to the development of aviation and tourism while fostering investment between Vietnam and the international community,” he continued.

Vietjet and Boeing have agreed on the delivery timeline of the first batch of Vietjet’s 200 737 Max order. Worth over $25 billion, the order will be implemented over five years, with the first delivery of 12 aircraft scheduled for 2024.

The first batch will be delivered to Thai Vietjet, an affiliate company founded by Vietjet. Thai Vietjet is a prominent airline in Thailand that is favoured by travellers in the region and features Vietjet’s branding.

Founded in 2002 with its headquarters in Miami, Carlyle Aviation Partners is in the business of global aircraft finance and leasing and currently overseas a fleet of 396 aircraft in 59 countries. It is owned by Carlyle Group, which manages a total of $385 billion in assets.

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By Nhat Ha

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