© Reuters.
SINGAPORE – Vietjet, a rapidly growing airline based in Vietnam, has exercised options to acquire an additional 19 A321neo aircraft powered by Pratt & Whitney’s GTF engines. The announcement was made during a signing ceremony at the Singapore Airshow, where representatives from both companies were present.
The new agreement also includes a comprehensive engine maintenance service provided by Pratt & Whitney under its EngineWise® program. This move signifies Vietjet’s confidence in the performance and environmental benefits of the GTF-powered aircraft, which are known for their fuel efficiency and reduced emissions.
Vietjet has been operating the A321neo aircraft since 2018 and, with this latest transaction, the airline’s commitment to this aircraft model rises to a total of up to 87 units. The airline’s CEO, Dinh Viet Phuong, expressed continued trust in Pratt & Whitney, citing the company’s longstanding leadership in aviation technology.
Pratt & Whitney, a business unit of RTX (NYSE: RTX), has been recognized for its innovative GTF engines which have been instrumental in helping airlines like Vietjet lower fuel consumption and emissions. Rick Deurloo, president of Commercial Engines at Pratt & Whitney, highlighted the near-decade-long relationship with Vietjet and the value the GTF engines bring to the airline’s expanding fleet.
Vietjet’s expansion strategy includes broadening its flight network across Vietnam and extending to international destinations such as Australia, India, China, Japan, South Korea, Indonesia, and Thailand. The airline aims to provide competitive costs and an enhanced flying experience through strategic partnerships in the global aviation industry.
This development is based on a press release statement and reflects the ongoing partnership between Vietjet and Pratt & Whitney in the aviation sector.
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This story originally appeared on Investing
