Vietjet, Rolls-Royce ink deal for engines, services to power new A330neo fleet
Vietjet and Rolls-Royce, a leading British aerospace and defense company, have signed an agreement for 40 Trent 7000 engines and the TotalCare engine service to power the 20 new A330neo aircraft ordered a day earlier.
The signing took place at the 2024 Farnborough International Airshow in the UK on Tuesday, marking a significant milestone in advancing the airline's engine technology capabilities and related solutions, it said in a statement.
Vietjet CEO Dinh Viet Phuong (front, left) and Rob Watson, president, Rolls-Royce-Civil Aerospace (front, right), sign the agreement for 40 Trent 7000 engines and TotalCare engine service. Photo courtesy of Vietjet.
The deal came after the Vietnamese low-cost carrier struck a contract for the purchase of 20 new-generation wide-body A330neo (A330-900) aircraft, worth a total of $7.4 billion at the manufacturer’s list price.
The Trent 7000 is a modern and new generation engine developed by Rolls-Royce, focusing on environmental protection and sustainability. Vietjet has committed to the A330neo/Trent 7000 combination as it delivers a 14% better fuel burn per seat, while significantly lowering emissions.
TotalCare is an industry-leading premium service, supported by data delivered through the Rolls-Royce advanced engine health monitoring system. The agreement will also complement the airline’s existing TotalCare coverage of the Trent 700 powered A330ceo fleet.
Rolls-Royce develops and delivers complex power and propulsion solutions for safety-critical applications in the air, at sea, and on land. The company is investing more than GBP1 billion ($1.29 billion) in a program that will deliver further improvements to the Trent engine family.
Vietjet is actively expanding its flight network to numerous international destinations, serving passengers throughout Vietnam, Australia, India, China, Japan, South Korea, Indonesia, Thailand, and more intercontinental destinations.
Currently, the carrier is strengthening partnerships with leading global aviation and technology partners.
In February 2019, during U.S. President Donald Trump’s visit to Hanoi, Vietjet placed an order to acquire 100 737 MAX airplanes worth $12.7 billion from American aircraft maker Boeing.
In September 2023, on the sidelines of President Joe Biden’s whirlwind Vietnam visit, Vietjet and Boeing reached an agreement to deliver the first 12 aircraft in 2024.
- Related News
- Read More
FTSE Russell adds three Vietnam tickers to flagship index
Global index provider FTSE Russell has added three Vietnamese stocks to its FTSE Vietnam Index, the underlying index of the FTSE Vietnam ETF.
Finance - Sat, September 7, 2024 | 5:08 pm GMT+7
PV Gas launches first LNG train on south-north railway route
PV Gas officially inaugurated its first liquefied natural gas (LNG) train shipment from the south to the north of the country on Friday, marking a milestone in Vietnam’s gas industry.
Companies - Sat, September 7, 2024 | 1:48 pm GMT+7
Vietnam's Jan-Aug CPI up 4.04%
Vietnam's consumer price index (CPI), an indicator of inflation, went up 4.04% year-on-year in the first eight months of this year, remaining unchanged in the last two months (July and August).
Economy - Sat, September 7, 2024 | 1:37 pm GMT+7
Vietnam state-run airport developer ACV has new chairman
Vu The Phiet, CEO of state-controlled Airports Corporation of Vietnam (ACV), has been named chair of the company - the operator of 22 airports across the country.
Companies - Sat, September 7, 2024 | 12:07 pm GMT+7
Super typhoon Yagi: Flash floods and landslides warnings issued for some northern Vietnam provinces
Northern Vietnam will experience heavy rainfall, with some localities receiving exceptionally heavy precipitation, from Saturday through Monday morning due to the super typhoon Yagi, according to the National Center for Hydro-Meteorological Forecasting.
Society - Sat, September 7, 2024 | 11:50 am GMT+7
SpaceX seeks to provide Starlink satellite internet services in Vietnam
U.S.-based tech giant SpaceX is ready to invest and provide its Starlink satellite internet services in Vietnam, says a senior executive, as the Southeast Asian country seeks to boost its digital economy.
Infrastructure - Sat, September 7, 2024 | 11:07 am GMT+7
Vietnam’s first tech unicorn VNG appoints acting CEO
Vietnam’s first tech unicorn VNG Corporation on early Saturday morning announced the appointment of deputy CEO Kelly Wong as acting CEO.
Companies - Sat, September 7, 2024 | 9:15 am GMT+7
Central Vietnam province to receive bids for $2.2 bln LNG-fired power plant
Vietnam's central province of Nghe An will receive bids for the 1,500-MW Quynh Lap LNG-fired power plant from September 20 to October 5.
Energy - Sat, September 7, 2024 | 8:07 am GMT+7
Indonesia promotes green industries
Luhut Binsar Pandjaitan, Indonesia's coordinating minister for maritime affairs and investment, has stressed that the country’s clean energy transition is not only aimed at reducing carbon emissions but also promoting the development of green industries.
Southeast Asia - Fri, September 6, 2024 | 10:53 pm GMT+7
ASEAN can hold key role in global carbon market
Indonesian Trade and Industry Chamber (Kadin) head Arsjan Rasjid on Thursday underscored at the 2024 International Sustainable Development Forum (ISF) that sustainability plays a key part in achieving an economic growth of 8%.
Southeast Asia - Fri, September 6, 2024 | 10:51 pm GMT+7
Indonesia, EU to ratify key trade deal soon
Negotiations on the Indonesia-EU Comprehensive Economic Partnership Agreement (IEU-CEPA) are nearly 90% complete, with the deal expected to be finalized this month, according to Indonesia’s Trade Minister Zulkifli Hasan.
Southeast Asia - Fri, September 6, 2024 | 10:50 pm GMT+7
ADB announces partnership strategy to assist Philippines
The Asian Development Bank (ADB) has launched a new six-year country partnership strategy designed to ensure that the Philippines' growth is sustained, inclusive, and resilient in the face of climate challenges.
Southeast Asia - Fri, September 6, 2024 | 10:48 pm GMT+7
Foreign tourist arrivals to Vietnam surges 46% in 8 months
Vietnam welcomed over 11.4 million tourist arrivals in the first eight months of this year, rising 45.8% year-on-year and exceeding the same period of pre-pandemic 2019 by 1%.
Travel - Fri, September 6, 2024 | 8:19 pm GMT+7
HCMC conference stresses need for cyber security vigilance
Individuals, organizations and businesses need to stay vigilant about information security, participants emphasized at a conference held in Ho Chi Minh City on Friday.
Companies - Fri, September 6, 2024 | 7:05 pm GMT+7
Stock of Vietnamese tech unicorn VNG hits historic low
VNZ, the ticker of Vietnam’s first tech unicorn VNG, plunged to VND437,800 ($17.8) per share at a time on Friday, its record low since registering on the unlisted public companies market UPCoM early last year.
Companies - Fri, September 6, 2024 | 5:01 pm GMT+7
VAFIE outlines ways to boost corporate bond market in report to Prime Minister
The Vietnam’s Association of Foreign Invested Enterprises (VAFIE) has stressed the need for greater transparency in the nation’s corporate bond market in a report submitted to the Prime Minister and relevant agencies.
Finance - Fri, September 6, 2024 | 4:55 pm GMT+7
