With President Barack Obama looking on, executives from Boeing and Vietjet Air signed a deal in Hanoi worth $11.3 billion for 100 737 MAX airplanes – the biggest single commercial airplane purchase in Vietnam.
The single-aisle MAX 200s will be delivered over a time frame ranging from 2019 through 2023, boosting Vietjet’s fleet to more than 200 planes. The low-cost carrier put in a series of orders with Airbus for A320 and A321 jets over the past two years.
The order for the next-generation, fuel-efficient 737 MAX jets provided a commercial boost for Obama’s first-ever visit to Vietnam this week. Vietnamese President Tran Dai Quang was also on hand for Monday’s signing ceremony.
Shortly afterward, Obama announced that the U.S. embargo on arms exports to Vietnam would be fully lifted, removing the final major barrier that remained between Washington and Hanoi in the wake of the Vietnam War.