Latest news with #Vietjet
Globe and Mail
6 days ago
- Business
- Globe and Mail
Why Shares in Airbus Took Off Today
Shares in European aerospace giant Airbus (OTC: EADSY) rose by as much as 4% in early-morning trading today. The move follows the announcement that Vietnam's Vietjet airline has doubled its orders of wide-body Airbus A330neo aircraft to 40 from 20 during French President Macron's visit to the country. Vietjet and Airbus The airline already operates an all-Airbus fleet , comprising 116 narrow-body A320 family aircraft and seven wide-body A330s in operation. Therefore, the order isn't a new "logo" win for Airbus. Instead, it's an expansion of orders in the lucrative wide-body market: planes used for longer-haul flights. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » It's also a shot in the arm for Airbus' wide-body programs, notably the A330neo, which only had 82 orders in 2024, and just 10 orders in 2025 (from Saudi Group) in 2025 before the Vietjet order. Airbus is typically seen as leading in the narrow-body market, not least due to Boeing 's problems with the 737 MAX, but lagging its American rival in the wide-body market, where the 787 Dreamliner (the A330's primary competition) and the forthcoming 777X offer formidable competition. Where next for Airbus? Airbus and Boeing continue to grapple with supply chain issues that pose potential restraints on production capacity, and there is a concern that extended delivery delays could lead airlines to forgo orders, particularly in the wide-body market. As such, the Vietjet order will help restore confidence in Airbus's order trajectory and, more importantly, airlines' willingness to place orders for aircraft in an uncertain trading environment. Should you invest $1,000 in Airbus SE right now? Before you buy stock in Airbus SE, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Airbus SE wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor 's total average return is957% — a market-crushing outperformance compared to167%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025
Kuwait Times
6 days ago
- Business
- Kuwait Times
France's Macron calls for world order 'based on law' in Vietnam
HANOI: French President Emmanuel Macron called Monday for the preservation of a world order "based on law", as he started a tour of Southeast Asia, a region caught up in the confrontation between the United States and China. Macron said a rules-based order was necessary at "a time of both great imbalance and a return to power-driven rhetoric and intimidation", as he met his Vietnamese counterpart Luong Cuong in Hanoi. Washington is threatening to impose punishing trade levies on Vietnam, which has the third-largest trade surplus with the US after China and Mexico. Macron also had a message for Donald Trump, saying he hoped the US president's anger at Moscow "translates into action" after a weekend of deadly Russian attacks on Ukraine that came despite a push for a truce. Macron told reporters he believes "President Trump realizes that when President Putin said on the phone he was ready for peace, or told his envoys he was ready for peace, he lied". He added that he was "confident" trade talks between the European Union and United States would succeed, hoping that tariffs would be dialed back to "as low as possible". Macron sought to present France as a reliable alternative for Vietnam, which is caught between Washington's tariff threats on one hand and Beijing, an important trade partner with which it is also embroiled in territorial disputes in the South China Sea, on the other. "With France, you have a familiar, safe, and reliable friend," Macron said during a meeting with To Lam, the secretary general of the Communist Party and Vietnam's top leader. "In the period we are living in, this alone has great value," he added. Seeking access to Vietnam's surging economy, Macron said nearly nine billion euros worth of contracts had been signed during his visit. Budget airline Vietjet announced an order for 20 widebody Airbus A330-900 planes, doubling its purchases of the model from the aviation giant. An agreement was also signed on nuclear power, which Hanoi is keen to develop as it seeks to meet soaring energy demands while reducing carbon emissions. Rights call Macron arrived in Hanoi late Sunday, the first stop of a six-day trip that will include Indonesia and Singapore. He is scheduled to meet Vietnamese students on Tuesday morning, before flying to Jakarta in the afternoon. After paying tribute Monday at a Hanoi war memorial to those who fought against French colonial occupation, Macron had lunch with Lam at the capital's Temple of Literature, where the two watched a traditional music and dance performance. Lam is considered the most powerful leader in Vietnam, a one-party state which tolerates no dissent and moves quickly to suppress any criticism. Ahead of Macron's first official visit to the country, Human Rights Watch pressed him to voice concerns about "the Vietnamese government's worsening rights record". Vietnam has more than 170 political prisoners who have been charged and convicted under "draconian laws" that criminalize free expression and peaceful activism for human rights and democracy, HRW said. A public appeal would be out of character for the French president, who regularly says he prefers to raise sensitive issues behind closed doors. Vietnam on 'front line' Hanoi shares Washington's concerns about Beijing's increasing assertiveness in the contested South China Sea, but it has close economic ties with its giant neighbor. "Vietnam is really on the front line of all the tensions that are growing in the South China Sea," a senior French diplomatic official told AFP. Vietnam has also been threatened with a hefty 46 percent tariff by US President Donald Trump as part of his global trade blitz. Macron's "Indo-Pacific strategy" — which offers countries in the region a "third way" — has gained new relevance due to Trump's trade war, according to the aide. He said the president was "defending the idea of international trade rules, we don't want a jungle where the law of the strongest prevails". Vietnam has been careful to follow its own balancing act between China and the United States. It has adopted a "bamboo diplomacy" approach of seeking strength through flexibility, or looking to stay on good terms with the world's major powers. — AFP
The Star
7 days ago
- Business
- The Star
Macron: Keep order intact
Sensational sights: Macron (centre) with Lam and their respective wives Brigitte Macron and Ngo Phuong Ly visiting the Temple of Literature in Hanoi. — AFP France's Emmanuel Macron called in Vietnam for the preservation of a world order 'based on law', as he started a tour of South-East Asia, a region caught up in the confrontation between the United States and China. During a press statement alongside his Vietnamese counterpart Luong Cuong in Hanoi, Macron said a rules-based order was necessary at 'a time of both great imbalance and a return to power-driven rhetoric and intimidation'. The president presented France as a reliable alternative for Vietnam, caught between Washington, which is threatening to impose enormous levies on its exports to the United States, and Beijing, an important trade partner with which it is also embroiled in territorial disputes in the South China Sea. After his arrival in Hanoi late Sunday, the first stop of a six-day trip that will take in Indonesia and Singapore, Macron emphasised a shared vision with Vietnam, a country of 100 million people experiencing stellar growth. Yesterday, around a dozen agreements were signed between the two countries, including in the field of nuclear power, which Hanoi is keen to develop as it seeks to meet soaring energy demands. Budget airline Vietjet also announced an order for 20 widebody Airbus A330-900 planes, doubling its purchases of the model from the aviation giant in a deal worth an estimated US$8bil (RM33.8bil). 'It is truly a new page being written between our two countries ... a desire to write an even more ambitious page of the relationship between Vietnam and France, between Asean and the European Union,' Macron said. After paying tribute at a Hanoi war memorial to those who fought against French colonial occupation, Macron met his counterpart Cuong. Macron later had lunch with Communist Party general secretary To Lam at the capital's star attraction, the Temple of Literature. Lam is considered the most powerful leader in Vietnam, a one-party state which tolerates no dissent and moves quickly to suppress any criticism. Ahead of Macron's first official visit to the country, Human Rights Watch pressed him to voice concerns about 'the Vietnamese government's worsening rights record'. Vietnam has more than 170 political prisoners who have been charged and convicted under 'draconian laws' that criminalise free expression and peaceful activism for human rights and democracy, HRW said. A public appeal would be out of character for the French president, who regularly says he prefers to raise sensitive issues behind closed doors. Macron hopes to sell Hanoi his offer of a 'third way' between Washington and Beijing. Macron's 'Indo-Pacific strategy' – which proposes a third way to the countries of the region – has gained new relevance due to Trump's trade war, according to the aide. He said the president was 'defending the idea of international trade rules, we don't want a jungle where the law of the strongest prevails'. — AFP
Wales Online
7 days ago
- Business
- Wales Online
Airbus secures new £5.5bn deal for widebody planes
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Airbus has secured a major new deal for one of its widebody planes. Vietjet, Vietnam's largest private airline, has placed a new order with Airbus for 20 A330-900 aircraft to support strategic expansion over the next decade. It is worth around £5.5bn at list prices. This long-term order will support Vietjet's ongoing international network expansion, enabling the airline to increase flights on high capacity routes across the Asia-Pacific region, as well as to introduce new future long haul services to Europe. Wings for the planes will be made at Airbus Broughton. Vietjet Chairwoman Nguyen Thi Phuong Thao said: 'Modern Airbus aircraft, with the latest levels of efficiency and lower fuel consumption, have accompanied Vietjet's growth and will continue to support our global flight network expansion. Vietjet remains dedicated to delivering greater connectivity and sustainable air travel for millions of passengers and around the world.' The new contract with Vietjet doubles its firm orders for the A330neo to 40 aircraft. In addition, the carrier has 96 A320neo Family single aisle aircraft on order. Vietjet currently operates an all-Airbus fleet comprising 115 single aisle A320 Family aircraft and seven A330-300s. Benoît de Saint-Exupéry, EVP Sales Commercial Aircraft at Airbus said: 'Vietjet has established itself as one of the fastest-growing airlines in the world, bringing low fares with warm Vietnamese hospitality. We are proud that the carrier has selected the A330neo as its widebody aircraft of choice to build on its success, and we look forward to continuing our partnership as Vietjet expands its reach.' Powered by the latest generation Rolls-Royce Trent 7000 engines, the A330-900 is capable of flying 7,200 nm / 13,300 km non-stop. Sign up for the North Wales Live newsletter sent twice daily to your inbox
Gulf Today
7 days ago
- Business
- Gulf Today
France, Vietnam sign Airbus deals as Macron visits Hanoi
France and Vietnam signed a deal on Monday for 20 Airbus planes, as well as defence and space pacts, as President Emmanuel Macron visited Hanoi seeking to boost France's influence in its former colony, grappling with threats of crippling US tariffs. Macron's first formal visit to Vietnam, the first by a French president in nearly a decade, follows US President Donald Trump's threats on Friday to impose 50 per cent duties on European Union goods from June 1, fuelling tensions with the 27-country bloc, though he later delayed that deadline to July 9. Export-dependent Vietnam, under pressure from Washington to buy more American goods, has made pledges in trade talks to try to avert 46 per cent tariffs that could impair its growth, fanning European concerns about deals at the region's expense. France's President Emmanuel Macron, Vietnam's President Luong Cuong, Airbus Executive Vice President International Wouter van Wersch and Vietnamese airline company Vietjet CEO Dinh Viet Phuong and chairwoman Nguyen Thi Phuong Thao were present during the signing ceremony in Hanoi. Deals signed during Macron's visit covered the plane purchase, cooperation on nuclear energy, defence, railways, Airbus earth-observation satellites and Sanofi vaccines, a list of documents seen by Reuters showed, confirming an earlier report. In total 14 deals were signed, which would be short of the dozens that the French presidential palace had said were in preparation before the visit, but more agreements were expected to be announced on Tuesday, an official said. In statements to the press with no questions allowed, Macron reiterated France's support of freedom of navigation, an issue dear to Vietnam as it often clashes with Beijing over contested boundaries in the South China Sea. Macron added the partnership with Vietnam 'entails a reinforced defence cooperation', citing the signing of multiple projects on defence and space. Vietnam's President Luong Cuong said the defence partnership involved 'sharing of information on strategic matters' and stronger cooperation in the defence industry, cybersecurity and anti-terrorism. France ruled the Southeast Asian country for about 70 years until it was forced out in 1954 after a major defeat at Dien Bien Phu in northern Vietnam. Ties have improved in recent decades, being upgraded last year to Vietnam's highest level. On his trip, the first leg of a Southeast Asian tour that includes Indonesia and Singapore, Macron met Vietnamese leaders and will visit a university in Hanoi on Tuesday, before flying to Jakarta, the Indonesian capital. On arriving in Hanoi on Sunday night, Macron's wife Brigitte appeared to push him in the face when they were still on the plane, a video showed, in an incident that the Elysee played down as 'a moment of closeness'. The deal with European planemaker Airbus for Vietnam's low-cost airline VietJet to buy 20 A330neo wide-body aircraft follows last year's agreement for 20 of the jets. The companies did not announce the price or delivery schedule for the planes. The signing followed urging by European officials in recent weeks for Vietnam to be careful in concessions made to the White House, two officials based in Vietnam with knowledge of the discussions had told Reuters, referring to concerns on Airbus. Airbus is the main supplier of jets to Vietnam, contributing 86 per cent of its fleet, data from aviation analytics firm Cirium shows. Airbus Defence and Space signed a separate declaration of intent with Vietnam on satellites. Airbus has long been in talks with Hanoi for the replacement of Vietnam's earth-observation satellite, built by Airbus' predecessor EADS and launched in 2013. The new pact involves 'exploring a future programme', Airbus said in a statement. With an economy heavily dependent on US exports, Vietnam has signalled the possible purchase of at least 250 Boeing planes by flag carrier Vietnam Airlines and rival VietJet. Officials of both nations have said such deals would help cut Vietnam's huge trade surplus with the United States and possibly appease Trump. However, in talks with the United States, 'Vietnam should make sure not to make decisions at the expense of European interests,' a European official said. Vietnamese budget carrier VietJet on Monday agreed to place a new order with planemaker Airbus for 20 A330neo wide-body jets, the airline said in a press release, as French President Emmanuel Macron was in Hanoi to meet Vietnam's leaders. The agreement brings to 40 the A330neo planes that VietJet has agreed to buy, the company said, as it follows another deal signed last year for 20 A330neo planes.
