BNP Paribas to act as financial adviser to VietjetAir

(Singapore, 13/02/2014). At the Airshow in Singapore, BNP Paribas and VietjetAir have finalized an agreement wherein BNP Paribas will act as financial adviser to VietJet Air in relation to the lease financing of the first three aircraft that VietJet Air will receive in 2014 and 2015, which have a combined list price of US$ 270 million. The two parties also agreed that BNP Paribas will be VietjetAir’s strategic partner in other aircraft financing plans in the future.

BNP Paribas is a leading international bank in aviation finance, serving 128 airlines and aircraft leasing firms. In 2012 and 2013, the bank advised and arranged financing for 125 aircraft and in 2012, arranged USD7.4 billion of aircraft loans.

This agreement is another step by VietJet Air towards achieving the 100 aircraft order with Airbus which was finalized few days ago at Singapore’s Airshow.

“Air transport has been a vital part of the economy in Vietnam and an important foundation for the development of the country. As a result, we are glad to be appointed as financial adviser to VietjetAir in relation to its aircraft order with Airbus. We are excited and looking forward to helping VietjetAir in relation to the very first aircraft in this order, which are due for delivery within this year” said Representative from BNP Paribas.

VietJet Air is a favorite carrier in Vietnam and is the first private airline in Vietnam licensed to operate both domestic and international flights. Currently the airline operates a fleet of 11 A320s on a network covering 16 domestic routes and four international routes. The carrier will expand its international operations in Asia Pacific region.

The signing contract between Mr. Dinh Viet Phuong – Vice President of VietjetAir & Mr. Nicolas Parrot Managing Director, Co-Head Transportation Sector, Investment Banking Asia Pacific, BNP Paribas.

BNP Paribas will be VietjetAir’s strategic partner for further financing plans in the future.