Vietjet Inks Strategic Aircraft Financing Agreement with Mitsubishi UFJ Financial Group
(Tokyo, June 5, 2017) – Today in Tokyo, Vietjet and Mitsubishi UFJ Lease & Finance Company Limited (MUL), a member of Japan’s leading finance group Mitsubishi UFJ Financial Group (MUFG), signed a strategic agreement as witnessed by Vietnam’s Prime Minister Nguyen Xuan Phuc and high-ranking dignitaries from Vietnam and Japan. The agreement will pave the way for MUL to finance Vietjet’s acquisition of three brand new A321 aircraft, worth US$348 million, according to the manufacturer’s listed price.
The three aircraft are part of the A320 family aircraft contract signed earlier between Vietjet and European aircraft manufacturer Airbus. Vietjet will receive the aircraft within this year to meet expansion plans for the airline’s domestic and international flight network. The airline has so far taken delivery of more than 20 brand new A321s and A320s.
Under the terms of the agreement, Vietjet and MUL will also work together to share best practices for the operation and management of airlines.
Last week, in the U.S., Vietjet also signed a series of deals worth a total of US$4.7 billion for engines and components maintenance support and its techical services, auxiliary power unit (APU) supply and APU technical maintenance and aircraft financing and/or purchasing.
About Mitsubishi UFJ Lease & Finance (MUL)
Mitsubishi UFJ Lease & Finance Company Limited (MUL) is a prominent global leasing company headquartered in Tokyo, Japan. MUL is publicly listed on the Tokyo Stock Exchange and the Nagoya Stock Exchange. Our principal shareholders are Mitsubishi Corporation and Mitsubishi UFJ Financial Group, Inc.About Vietjet
Established in 2007, Vietjet is now leading the domestic aviation market in Vietnam and actively expanding its international flight network. After five years of operations, the airline has flown over 40 million passengers, and been awarded 32 domestic and nine international accolades such as being named one of the Top 500 Brands in Asia 2016 and “The Best Asian Low Cost Carrier 2015” at the TTG Travel Awards 2015.
Currently, the airline boasts a fleet of 45 aircraft, including A320s and A321s, and operates over 300 flights per day. It currently operates 63 routes in Vietnam and across the region to international destinations such as Hong Kong, Thailand, Singapore, South Korea, Taiwan, Malaysia, Cambodia, China and Myanmar. For more information, please visit the web at www.vietjetair.com.
