White House unveils US$7.8bil Vietnam Airlines-Boeing deal

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White House unveils US$7.8bil Vietnam Airlines-Boeing deal
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The purchase of 50 737 aircraft is expected to sustain the employment of over 30,000 people in the US.

HANOI: Vietnam Airlines has signed a US$7.8 billion deal with US aircraft manufacturer Boeing, the White House said in a statement Monday.

Following a meeting in Hanoi, US President Joe Biden and Vietnamese Prime Minister Pham Minh Chinh “welcomed a landmark deal” between Boeing and Vietnam’s national carrier, the White House said.Vietnam Airlines will purchase 50 of the 737 aircraft, Biden said during a roundtable with senior executives from top American and Vietnamese firms — including from both aviation companies.The Boeing jets will replace aircraft that are more than a decade old, according to state media.

The communist country’s aviation sector has boomed in recent years thanks to a rapidly expanding middle class with growing appetites — and budgets — for air travel.

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