Business

VietJet signs $140 mln loan for fleet expansion

Wednesday, November 20, 2019, 09:19 GMT+7

VietJet signs $140 mln loan for fleet expansion — An aircraft of Vietjet prepares for landing at Noi Bai airport, in Hanoi, Vietnam November 21, 2016. Photo: Reuters

Vietnam’s VietJet Aviation said on Tuesday it had signed an agreement for a $140 million syndicated loan from three foreign banks to fund its aircraft purchase plans.

The lenders include South Korea’s Woori Bank and KEB Hana Bank and Industrial and Commercial Bank of China, the airline said in a statement.

VietJet CEO told Reuters last week the firm was eyeing new routes to the Middle East, Eastern Europe and Australia with 20 long-range Airbus A321XLR narrowbody planes it had ordered.

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