Business

Foreign banks finance new VN Airlines’ planes

Three foreign banks have signed a contract to provide 457 million USD to Vietnam Airlines, to buy eight Airbus A321-231S aircraft, the national flag carrier said on May 23.
Three foreign banks have signed a contract to provide 457 million USD toVietnam Airlines, to buy eight Airbus A321-231S aircraft, the nationalflag carrier said on May 23.

The sponsors includeCitibank, a member of the US-based Citigroup, the Development Bank ofSingapore (DBS), and the Hong Kong-Shanghai Banking Corporation (HSBC).As major financial and banking institutions in the US and Asia, thesebanks have opened representative offices in Vietnam .

Vietnam Airlines said the purchase is part of a plan to expand its fleet to 115 aircraft in 2015 and 170 in 2020./.
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