Vietjet places $3 billion CFM LEAP-1B engine order

• Deliveries are scheduled between 2019 and 2023

• Expands CFM fleet to more than 225 aircraft in service or on order

HANOI, Vietnam — 23 May 2016 — Vietnam's Vietjet today announced it has ordered CFM International’s LEAP-1B engine to power 100 Boeing 737 MAX aircraft announced earlier today. The agreement is valued at $3 billion U.S. at list price, including spare engines.

Based in Ho Chi Minh City, Vietjet has been a CFM customer since it commenced operations in late 2011 with CFM56-powered aircraft and currently operates a fleet of 35 airplanes.

“It has been a real privilege to work with Vietjet with the CFM56 fleet and we are excited to bring the value of the LEAP engine to their operations,” said Jean-Paul Ebanga, president and CEO of CFM International. “In a very short time, the team has established it as the fastest-growing airline in the region, and we believe they are just getting started. We are honored to be part of this dynamic team and look forward to a very long relationship together.”