Vietjet and CFM International sign agreement for more than 400 LEAP-1B engines

On the occasion of the state visit of General Secretary and President To Lam to the Republic of France, the new-generation airline Vietjet and CFM International, a joint venture between Safran Aircraft Engines and GE Aerospace, reaffirmed their commitment to orders to supply more than 400 LEAP-1B engines and technical maintenance services for the airline's narrow-body aircraft, with a total value of 8 billion USD. On the occasion of the state visit of General Secretary and President To Lam to the Republic of France, the new-generation airline Vietjet and CFM International, a joint venture between Safran Aircraft Engines and GE Aerospace, after the fluctuations and impacts of the global aviation supply chain, reaffirmed their commitment to orders to supply more than 400 LEAP-1B engines and technical maintenance services for the airline's narrow-body aircraft, with a total value of 8 billion USD. The event took place solemnly at the Elysée Palace, Paris, witnessed by General Secretary and President of Vietnam To Lam and President of France Emmanuel Macron along with high-ranking delegations of the two countries. These engines supply two aircraft orders previously announced in 2016 and 2018, and the aircraft are expected to begin delivery from 2025.

Vietjet is a long-standing customer of CFM International, currently operating 56 Airbus A321ceo and 17 A320ceo aircraft equipped with CFM56-5B engines.

The partnership will take the relationship between Vietjet and CFM to the next level, with Safran and CFM’s industry-leading expertise to deliver breakthrough technology products. The deployment of the advanced LEAP engine in the future will support Vietjet’s sustainable growth strategy, allowing the airline to optimize operating costs on fuel-efficient aircraft, while providing customers with the best flying experiences.

Dr. Nguyen Thi Phuong Thao, Chairwoman of Vietjet (front row, second from left) and Mr. Dinh Viet Phuong, CEO of Vietjet (top row, left cover) with Mr. Olivier Andries, Chairman and CEO of Safran (top row, second from right) and Mr. Gael Meheust, Chairman and CEO of CFM International, signed the agreement for more than 400 LEAP-1B engines and engine services at the Elysée Palace, Paris, witnessed by General Secretary and President of Vietnam To Lam (top row, left) and President of France Emmanuel Macron (top row, right)

“For more than a decade, we have worked closely with Vietjet Air to introduce technical management support, training and fuel efficiency improvements for the airline’s CFM56 fleet and look forward to extending these efforts to the new LEAP-1B engine,” said Gaël Méheust, President and CEO of CFM International. “We are honored by the great confidence that Vietjet has shown in CFM and we welcome this opportunity to further strengthen the special relationship we have established this year and look forward to seeing the future.” The CFM LEAP engine family offers 15% to 20% lower fuel consumption and CO2 emissions, as well as significantly improved noise, compared to previous generation engines. With more than 3,500 LEAP-equipped aircraft in service, the engine has helped CFM customers avoid more than 35 million tons of CO2 emissions, and is the most successful new product launch in CFM’s 50-year history, with the fastest engine hour growth ever in the industry – surpassing 60 million hours in just eight years. Dr. Nguyen Thi Phuong Thao, Chairwoman of Vietjet, proudly shared: “We are honored and honored by the strategic relationship between the two parties. It is advanced engine manufacturers such as Safran and CFM that have joined Vietjet to bring low-cost flying opportunities to millions of people, contributing to the development of the aviation industry in the world’s most dynamic Asia-Pacific region, including Vietnam. Today’s agreement to operate a fuel-efficient engine line is part of Vietjet’s commitment to sustainable and environmentally friendly development. Passengers will benefit even more on our green flights.” Since the establishment of bilateral relations, Vietnam and France have always made their mark in trade relations with impressive figures. In particular, the long-term strategic partnership between Vietjet and Safran/CFM has contributed to trade turnover, promoted tourism and joint investment between the two countries, and created more jobs for the French people. The cooperation between Vietjet and Safran not only includes engine supply through the joint venture CFM International, but also expands to many other areas such as aircraft seats, aircraft cabin interiors, engine technical management training services as well as opportunities to establish high-tech maintenance and repair complexes and training in Vietnam, aiming to build aviation support industries, in the journey to turn Vietnam into a regional aviation hub. Source: https://vov.vn/doanh-nghiep/doanh-nghiep-24h/vietjet-va-cfm-international-ky-ket-thoa-thuan-cho-hon-400-dong-co-leap-1b-post1126924.vov