Vietnam Airlines’ project receives funding
Petro Vietnam Finance Corporation (PVFC) and Cathay United Bank (CUB) will co-fund a $7 million project of the national flag carrier Vietnam Airlines to buy spare engines for its Airbus A321 fleet.
Vietnam Airlines plans to buy 10 Airbus A321 aircraft as part of an ambition to increase its fleet to 115 planes by 2015 and 170 by 2020, most of which would be Boeing 777, Airbus A330, A321/320s/A350XWB and Boeing 787-9.
PVFC, a member of Vietnam National Oil and Gas Group has a charter capital of VND6,000 billion and total assets of VND90 trillion.
CUB, formerly known as United World Chinese Commercial Bank, is considered the most effective bank in Taiwan , with $55 billion in assets.
Earlier on May 2011, Vietnam Airlines also received a credit of over $7 million from OceanBank to buy V2533-A5 spare engines for Airbus A321.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Growth beckons for GenAI startups in Vietnam (November 21, 2024 | 17:47)
- SABECO to elevate Vietnam's beverage industry to global standards (November 21, 2024 | 17:36)
- ABeam Consulting Vietnam introduces BSQCD Purchasing Strategy Framework (November 21, 2024 | 16:40)
- Major railway requires debt considerations (November 21, 2024 | 12:07)
- Reviving a new life cycle for plastic waste (November 21, 2024 | 09:16)
- Key balances maintained for industrial production (November 21, 2024 | 08:00)
- Ecolean Vietnam honoured with prestigious sustainability award (November 19, 2024 | 10:01)
- HEINEKEN Vietnam’s clear path towards net-zero (November 18, 2024 | 15:13)
- VLCA 2024 honours corporate governance excellence as listed companies raise the bar (November 18, 2024 | 09:00)
- High-tech personnel to drive competition (November 17, 2024 | 09:21)
Mobile Version