AWAS expanding relationship with VietJet with lease of two new A320 passenger aircraft

AWAS announced today that it has agreed to expand its already strong relationship with Vietjet with the lease of two new A320 passenger aircraft delivering in 2016 to meet the airlines’ rapid growth. AWAS is providing a financing solution for these two aircraft and then placing them on long-term leases with the airline.

“Vietjet is pleased to grow our trusted relationship with AWAS,” commented Ms. Nguyen Thi Phuong Thao, President & CEO of Vietjet. “They understand our fast- moving culture and expanding low cost business model and have been flexible and assured business partners.”

Marlin Dailey, Chief Commercial Officer AWAS commented, “AWAS is proud to once again expand our relationship with Vietjet with the lease transaction of these two new A320 passenger aircraft. Vietjet’s successful growth points to the strength of their business and ability to capture strong customer preference for their brand and service model.”

This is the fourth transaction between the parties for a total of eight new passenger aircraft, a mix of A320s and A321s sourced from both VietJet’s and AWAS’ direct order pipeline.

Vietjet is an expanding low cost carrier operating a modern, all-A320 family fleet from Vietnam’s three major economic and tourist hubs – Ho Chi Minh City, Danang and Hanoi, and is the first private airline in Vietnam to be licensed to operate domestic and international flights.