Latest news with #WoutervanWersch
Yahoo
26-05-2025
- Business
- Yahoo
VietJet Doubles Airbus A330neo Order with New Deal for 20 Jets
On Monday, Vietnamese budget airline VietJet placed a new order with Airbus (OTC:EADSY) for 20 A330neo wide-body jets. This agreement was signed in Hanoi by VietJet Chairwoman Nguyen Thi Phuong Thao and President Airbus International Wouter van Wersch. It doubles VietJet's firm orders for the A330neo to 40 aircraft, following a previous order for 20 A330neo planes placed in February 2024. An Airbus single-aisle aircraft overfly a major city, showcasing the airline services of the company. The signing took place during an official visit by French President Emmanuel Macron to Vietnam, where he met with Vietnamese President Luong Cuong. This order is estimated to be worth ~$8 billion at list price and is intended to support VietJet's expansion over the next decade. The airline plans to boost flights on high-capacity routes across the Asia-Pacific region and introduce future long-haul services to Europe. VietJet's current fleet consists entirely of Airbus aircraft, which includes 115 single-aisle A320 Family planes and 7 A330-300s. The airline also has 96 A320neo Family single-aisle aircraft on order. Airbus (OTC:EADSY) designs, manufactures, and delivers aeronautics and aerospace products, services, and solutions worldwide. It has three primary segments: Airbus, Airbus Helicopters, and Airbus Defence & Space. While we acknowledge the potential of EADSY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EADSY and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Leader Live
26-05-2025
- Business
- Leader Live
Broughton: Airbus secure £5.5b deal for widebody planes
Vietjet has placed an order with Airbus for 20 widebody A330-900 aircraft to support strategic expansion over the next decade. The agreement was signed in Hanoi by Vietjet Chairwoman Nguyen Thi Phuong Thao and Wouter van Wersch, President Airbus International. The documents were exchanged in the presence of French President Emmanuel Macron and Vietnamese President Luong Cuong, during an official visit to the country by the French Head of State. The wings for the planes are expected to be made at Airbus' North Wales site in Broughton. 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. 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.' TOP STORIES TODAY 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.' 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. Vietjet currently operates international services to Australia, India and Kazakhstan with its A330-300s, offering passengers enhanced comfort and greater choice, including in Business Class. The A330 fleet will continue to play a key role as Vietjet expands to more distant destinations, meeting the evolving travel needs of passengers at home and around the world.
