14:54 (GMT +7) - Saturday 25/11/2017

Business

Vietnam Airlines & Pratt & Whitney agree to terms

Released at: 14:15, 13/11/2017

Vietnam Airlines & Pratt & Whitney agree to terms

Photo from Vietnam Airlines

National flag carrier to purchase engines for 20 new Airbus aircraft.

by Ngoc Lan

Vietnam Airlines and US aerospace manufacturer Pratt &Whitney signed a contract for engines and support services for 20 Airbus A321NEO aircraft in the presence of State President Tran Dai Quang and US President Donald Trump.

The signing ceremony was held during President Trump’s State visit to Vietnam. The two parties also signed a memorandum of understanding on maintenance contracts covering the engines.

The deal is valued at more than $1.5 billion and includes 44 PurePower Geared Turbofan (GTF) engines with comprehensive terms in warranty, maintenance, and repair.

Photo from Vietnam Airlines

Mr. Duong Tri Thanh, President and CEO of Vietnam Airlines, said the signing ceremony marks a new step in the development of Vietnam Airlines’ A321 fleet. “The engine we choose is highly efficient, fuel efficient, and environmentally friendly, and comes with comprehensive repair arrangements that help Vietnam Airlines increase its operational efficiency and save on operating expenses,” he said. “I believe the agreement between Vietnam Airlines and Pratt & Whitney will further reinforce the important economic, trade, and investment partnership between Vietnam and the US.”

Mr. Rick Deurloo, Senior Vice President of Sales, Marketing and Customer Support at Pratt & Whitney, said the company is proud to celebrate this momentous occasion with Vietnam Airlines. “We’ve been powering Vietnam Airlines since the early 1990s when the airline received its first PW4000-powered 767,” he said. “We look forward to continuing our strong relationship and long history with Vietnam Airlines.”

Since coming into being in 2016, the GTF engine has shown strong performance with reductions of 16 per cent in fuel consumption, 50 per cent in emissions, and 75 per cent in noise compared with existing engines. Vietnam Airlines’ A321NEO aircraft equipped with GTF engines are the new version of the A321 - the largest in the family. The A321NEO will provide passengers with new standards that will optimize cabin space, increase the size of exits, and have a new passenger cabin design. Vietnam Airlines expects to receive 20 A321NEOs in 2018 and 2019.

User comment (0)

Send comment