Vietnam Airlines’ project receives funding

Thursday, April 25, 2024 - 4:30:59

Petro Vietnam Finance Corporation (PVFC) and Cathay United Bank (CUB) will co-fund a 7 million USD project of the national flag carrier Vietnam Airlines to buy spare engines for its Airbus A321 fleet.

Vietnam Airlines plans to buy 10 Airbus A321 aircraft as part of an ambition to increase its fleet to 115 planes by 2015 and 170 by 2020, most of which would be Boeing 777, Airbus A330, A321/320s/A350XWB and Boeing 787-9.

PVFC, a member of Vietnam National Oil and Gas Group has a charter capital of 6,000 billion VND and total assets of 90 trillion VND.

CUB, formerly known as United World Chinese Commercial Bank, is considered the most effective bank in Taiwan , with 55 billion USD in assets.

Earlier on May 2011, Vietnam Airlines also received a credit of over 7 million USD from OceanBank to buy V2533-A5 spare engines for Airbus A321./.

You should also see

Vietnam urged to build legal corridor for AI industry

Vietnam needs a policy on artificial intelligence (AI) to help this industry develop strongly, while minimising risks, according to insiders.

Society

Youths' efforts yield socio-economic fruits

Politics

📝 OP-ED: Party personnel work requires thorough checks

Destinations

Visitors flock to memorial commemorating Dien Bien Phu victory

See more

Business

Tra fish export to UAE jumps 67% in Q1

Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, according to statistics of the General Department of Customs.

Business

Vietnam seeks to remove obstacles in upgrade of securities market

The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.