BNP Paribas agrees upon US$60 million credit deal to Vietjet

BNP Paribas- a French bank and financial services company and the low-cost carrier Vietjet Air on April 15 signed a US$60 million credit agreement to financeVietjet’s purchase of five aircraft in the Airbus A320 family in 2015 and 2016.

BNP Paribas- a French bank and financial services company and the low-cost carrier Vietjet Air on April 15 signed a US$60 million credit agreement to financeVietjet’s purchase of five aircraft in the Airbus A320 family in 2015 and 2016.

The agreement has acknowledged the effective cooperation between BNP Paribas and Vietjet after BNP Paribas served as a financial adviser to Vietjet in relation to the lease financing of the first seven aircrafts that VietJet have received in 2014 and early 2015.

The agreement is part of a contract to lease and purchase 100 aircraft between Vietjet and Airbus that is seen as a contribution to boosting the strategic partnership between the airline and the international bank.

VietJetAir's Deputy General Director Dinh Viet Phuong said BNP Paribas and Vietjet will fully tap their advantages for mutual development, adding that the move will help develop Vietjet fleet as well as customers get easier access to best aviation services.