Vietnam Airlines will purchase an A321 aircraft from the French manufacturer Airbus with a syndicated loan from six Taiwanese banks.
A ten year fully funded contract was signed by Vietnam Airlines and Taiwan-based Cathay United Bank (CUB), which has arranged the loan with five other banks.
This is the first large syndicated loan arranged by a Taiwanese bank for Vietnam’s state-owned enterprises, marking a turning point in Taiwanese banks’ operations in Southeast Asia .
The Airbus A321 will be delivered this month.
Vietnam Airlines signed a purchase agreement for the delivery of 26 Airbus A321s between 2011 and 2012.
The national airline operates 76 aircraft across 85 domestic and international routes, making more than 300 flights every day. It aims to expand its fleet to 115 aircraft by 2015 and 170 by 2020.-VNA
A ten year fully funded contract was signed by Vietnam Airlines and Taiwan-based Cathay United Bank (CUB), which has arranged the loan with five other banks.
This is the first large syndicated loan arranged by a Taiwanese bank for Vietnam’s state-owned enterprises, marking a turning point in Taiwanese banks’ operations in Southeast Asia .
The Airbus A321 will be delivered this month.
Vietnam Airlines signed a purchase agreement for the delivery of 26 Airbus A321s between 2011 and 2012.
The national airline operates 76 aircraft across 85 domestic and international routes, making more than 300 flights every day. It aims to expand its fleet to 115 aircraft by 2015 and 170 by 2020.-VNA
