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Boeing Obtains $15.7 Billion Vietnam Contracts In Trump’s Hanoi Visit

Vietnam’s VietJet Aviation JSC and Bamboo Airways has approved deals to purchase 110 aircraft from Boeing Company during President Donald Trump’s trip to Hanoi for a meeting with North Korea’s supreme leader Kim Jong-un. Bamboo settled to buy 10 787-9 Dreamliners valued around $3 Billion, whereas, VietJet’s order is for 100 737 Max planes worth $12.7 Billion, Boeing stated. VietJet’s 100-plane obligation was disclosed at the Farnborough’s air show in the last year. The contracts were inked in the presence of Trump and Nguyen Phu Trong, Vietnam’s President. Vietnam’s airlines are advancing their convoys as rising earnings and the region’s expanding economies are encouraging many to travel for the first time and amplifying demand in the Asia Pacific region, whose air-travel market is estimated to exceed that of Europe and North America collective.

Demand in Vietnam is also projected to surge after the U.S. watchdogs in the last month gave their green light to the nation’s air-safety system, transforming its airlines entitled to start direct trips to the U.S. and codeshare with American transporters. The Chicago-based plane manufacturer had been engaged in the attempt to get the security rating, which will permit state-owned Vietnam Airlines to liftoff nonstop flights to San Francisco and Los Angeles and continue with a long-intended order for either Airbus SE A350-1000 or Boeing 777-8 aircraft.

On a similar note, recently, Boeing was in news as the company lands British Airways deal for the jetliner. British Airway parent IAG (International Consolidated Airlines Group) SA in the recent time stated that it will place a big array for Boeing’s recent 777-9 jetliner, ending a sales scarcity for the plane and showing airlines yet have demand for some of the largest airliners that emerged to have fallen out of favor.

Robert McDaniel
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CHIEF EDITOR AT Market News Magazine

With an experience of 8 years and holding the position of Senior Content Writer, Robert McDaniel is among the best assets we have. Having a professional writing skill set, he deals with writing reports and articles linked to the business world. He holds the responsibility to write everything relating to mergers & acquisitions, agreements & deals, latest news, recent trends, and so on. Being a fitness and health freak, Robert indulges into few sports activities in free time.

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