GOAL finances Vietjet A321 acquisition

GOAL finances Vietjet A321 acquisition

German Operating Aircraft Leasing (GOAL) has agreed to finance Vietjet’s purchase of four brand new A321 aircraft direct from Airbus, worth $464 million.

Vietjet is expecting the four aircraft to complete delivery within the year to place on both domestic and international routes.

GOAL managing director Jochen Baltes said at the signing ceremony: “GOAL and KGAL are very excited about the purchase and leaseback of these four aircraft with one of the world’s most dynamic low-cost airlines. Following this agreement, all parties will continue to work and cooperate together on more opportunities in aviation development in the coming time.”

This comes off the back of a similar deal between Vietjet and Mitsubishi UFJ to finance the purchase of three brand new A321’s at $348 million based on list prices.

In total, the airline has recieved 16 aircraft from Germany worth almost $2 billion.

Vietjet president & CEO Nguyen Thi Phuong Thao said: “We have received 16 new A321 aircraft from Hamburg, Germany, worth nearly US$2 billion in accordance with the manufacturer’s listed price, including Airbus’ 9,000th A320 aircraft, which caused great excitement in Europe. Besides the fact that Germany has provided Vietjet with aircraft, we are truly delighted to work with GOAL, one of Germany’s top aircraft finance and aviation companies.

“Today’s deal ensures the financing and favourable conditions for Vietjet to further develop its modern fleet, thus helping to enforce the airline’s quality and safety in operations, a key part of our strategy for the long-term development of Vietjet.”

Alex Baldwin
By Alex Baldwin July 7, 2017 12:57