Vietjet, Rolls-Royce sign 400 million USD deal for modern aircraft engines

Vietjet and Rolls-Royce have signed an agreement to provide engines and engine services for the airline’s coming wide-body fleet with a total value of approximately 400 million USD.

(Left to right) Rolls-Royce representatives, Vietjet Managing Director Dinh Viet Phuong (3rd) and Vietjet President & CEO Nguyen Thi Phuong Thao (4th) at the agreement signing event. (Photo: Vietjet)

Vietjet and Rolls-Royce have signed an agreement to provide engines and engine services for the airline’s coming wide-body fleet with a total value of approximately 400 million USD.
The signing ceremony was witnessed by Vietnam’s Prime Minister Pham Minh Chinh and high-ranking dignitaries of Vietnam and the United Kingdom during the Prime Minister’s attendance at COP26, the 26th United Nations Climate Change Conference of the Parties.
Ewen McDonald, Chief Customer Officer, Rolls-Royce Civil Aerospace said: “We are thrilled that Vietjet has chosen our Trent 700 engines to support their fleet development. The Trent 700 has the lowest lifetime fuel burn and the best economics on its aircraft type. In addition, our TotalCare service will help Vietjet maximize the value of its engine assets and increase time-on-wing performance. We look forward to working with Vietjet as they expand their geographical footprint.”
The Trent 700 is the only engine specifically designed for this wide-body aircraft and is widely recognized for its outstanding efficiency and reliability. Since its launch in 1995, the Trent 700 has logged more than 60 million hours in service.
Vietjet Managing Director Dinh Viet Phuong said: “Vietjet is delighted to have this very first and meaningful partnership with Rolls-Royce. We believe that the Trent 700 engines will bring a technology breakthrough to Vietjet’s fleet, helping improve flight range and quality and thereby boosting our aircraft’s technical reliability and operational efficiency. The engines are also expected to make our fleet more synchronous. We hope this partnership will also contribute to trade promotion between Vietnam and the UK, creating more jobs for people and businesses of the two countries while making the connectivity between continents more convenient and economical in the future”.
With a comprehensive network in Vietnam and Asia Pacific, Vietjet looks to further expand its wings across continents thanks to its new and modern fleet in the coming time.
Rolls-Royce operates in various segments including power systems, aerospace and defence. It has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces and navies, and more than 5,000 power and nuclear customers.
Known as a new-age carrier, Vietjet has not only revolutionized the aviation industry in Vietnam but has also been a pioneering airline across the region and around the world. With a focus on cost management ability, effective operations, and performance, the carrier offers flying opportunities with cost-saving and flexible fares as well as diversified services to meet customers’ demands.
Vietjet is a fully-fledged member of the International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. As Vietnam’s largest private carrier, the airline was awarded the highest ranking for safety with 7 stars in 2018 and 2019 by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in 2018 and 2019. The airline has also been named as Best Low-Cost Carrier by renowned organizations such as Skytrax, CAPA, Airline Ratings, and many others./.