Bamboo Airways commits to 20 787s

Eleanor Steed
By Eleanor Steed June 26, 2018 11:38

Bamboo Airways commits to 20 787s

Start-up Vietnamese airline, Bamboo Airways, has committed to purchase 20 787-9 Dreamliners. When finalised, the deal will be worth $5.6B at current list prices.

The announcement was made during a signing ceremony at the U.S. Chamber of Commerce office, witnessed by Voung Dinh Hue, deputy prime minister of Vietnam, and Nazak Nikakhtar, Assistant Secretary for Industry and Analysis, US Department of Commerce, International Trade Administration.

As part of the agreement, Bamboo Airways completed the deposit requirement in mid-June to reserve the 20 aircraft, which are tentatively schedule to deliver from April 2020 through 2021.

“We are excited to introduce these new 787 Dreamliners into our fleet as we prepare to launch long-haul operations to international markets,” said Trinh Van Quyet, Chairman of FLC Group, 100% owner of Bamboo Airways. “Our long-term vision is to connect Vietnam to key markets within Asia, Europe and North America and the capabilities of these new state-of-the-art Dreamliners will help us achieve our goals. The 787’s superior economics and efficiency, as well as the passenger pleasing interior of the Dreamliner will allow us to successfully grow our business while enabling us to better serve our customers.”

Bamboo Airways is a startup airline that plans to begin commercial operations in 2019 out of the capital city of Hanoi. The carrier plans to offer flights within Vietnam before expanding into other Northeast Asian markets such as China, Korea and Japan.

Bamboo Airways is wholly-owned by the FLC Group, a Vietnamese multi-industry company, focusing on aviation, real estate, resorts, farming, and golf.

Eleanor Steed
By Eleanor Steed June 26, 2018 11:38