Vietnam Air, Boeing around $7.5 billion deal for 50 737 max planes

Vietnam Air, Boeing around .5 billion deal for 50 737 max planes


A Boeing 787 of Vietnam’s state-owned airline, Vietnam Airlines, is taken to Frankfurt Airport’s runway.

Silas Stein/photo alliance | image alliance | Getty Photographs

Vietnam Airlines is envisioned to indicator an preliminary settlement to get about 50 Boeing 737 Max jets in a offer valued at about $7.5 billion, a man or woman familiar with the talks explained to Reuters on Sunday.

Wording of the impending deal, which confirms a Reuters report from very last 7 days, comes as U.S. President Joe Biden visits Hanoi to strengthen ties with the previous foe.

Boeing and Vietnam Airways did not quickly respond to requests for comment.

The offer would be value up to $7 billion at checklist charges, and ordinarily businesses that invest in in bulk get special discounts, but the individual familiar with the talks did not remark on this.

Boeing has a offer with Vietnam Airlines’ rival VietJet (VJC.HM) for the sale of 200 of its 737 MAX planes.

Vietnam was the world’s fifth swiftest-rising aviation market place in 2022 when it lifted COVID-19 vacation restrictions, according to the Intercontinental Air Transportation Association (IATA), which predicts the nation will provide 150 million air transportation travellers by 2035.

Boeing 737 Max jets were being grounded globally for months immediately after two lethal crashes in Indonesia and Ethiopia in 2018 and 2019. The planes returned to support from the stop of 2020.

Vietnam Airways recorded a internet reduction of 1.3 trillion dong ($53.96 million) in the second quarter of this year, its 14th quarter in the purple, its fiscal statements showed. The provider has explained the losses were being owing to growing gasoline price ranges and other economical hazard factors.

Boeing has also been in talks with Vietnamese authorities, together with other U.S. defense corporations, for the achievable sale of armed service products, which include drones and helicopters.

Arlington, Virginia centered Boeing has six suppliers in Vietnam and is doing the job to increase their abilities.



Source

Japan’s Ishiba rules out tax cuts funded by debt issuance
World

Japan’s Ishiba rules out tax cuts funded by debt issuance

Japan’s prime minister, Shigeru Ishiba. Bloomberg | Bloomberg | Getty Images Japan will not resort to tax cuts funded by additional debt issuance, Prime Minister Shigeru Ishiba said on Monday, pushing back against political pressure to loosen fiscal policy ahead of an upper house election slated for July. “Japan is seeing interest rates turn positive and its fiscal state is not good,” Ishiba told parliament, […]

Read More
China’s April retail sales growth of 5.1% misses expectations as consumption remains a worry
World

China’s April retail sales growth of 5.1% misses expectations as consumption remains a worry

Citizens are shopping at a supermarket in Nanjing, East China’s Jiangsu province, on March 9, 2024.  Costfoto | Nurphoto | Getty Images China’s retail sales growth slowed in April, data from the National Bureau of Statistics showed Monday, signaling that consumption remains a worry for the world’s second-largest economy. Retail sales rose 5.1% from a […]

Read More
CNBC Daily Open: Downgrade of U.S. credit rating adds new complication to U.S. stock market
World

CNBC Daily Open: Downgrade of U.S. credit rating adds new complication to U.S. stock market

Pedestrians walk past the north entrance to the U.S. Treasury Department headquarters building on April 30, 2025, in Washington, DC. J. David Ake | Getty Images U.S. stocks popped last week on the back of a trade truce between America and China, in which they mutually agreed to cut tariffs for 90 days. Technology stocks […]

Read More