JUNE 14TH, 2016

AWAS delivers to VietJet additional new A320 passenger aircraft on lease

AWAS announced today that it has delivered to Vietjet the second of two planned new A320 passenger aircraft in 2016 to assist with the airlines’ rapid growth. AWAS has provided a financing solution for these two aircraft and has placed them on long- term leases with the airline.

This marks 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.