Vietjet signs $1,1 billion deal with Honeywell Aerospace Technologies

Vietjet and U.S.-based Honeywell Aerospace Technologies on September 23 (New York time) exchanged a cooperation agreement valued at $1.1 billion, to provide avionics and aviation technical services for Vietjet’s modern and fuel-efficient fleet.

The event took place in the presence of  Vietnam’s Party General Secretary and President To Lam who was in the United States for a working visit.

The agreement marks a significant step in Vietjet's ongoing efforts to modernize its fleet.

The airline will implement Honeywell’s avionics and APU (Auxiliary Power Unit) maintenance programs on its new-generation wide-body A330neo and new narrow-body aircraft.

The agreement also includes Honeywell Flight Efficiency, a solution which will provide emission reduction and fuel-efficiency monitoring across Vietjet’s entire fleet.

“Today’s agreement represents a new milestone in our long-standing partnership with Honeywell. Vietjet is committed to driving sustainable growth and green transformation with the goals of emission reduction and intercontinental flight network expansion", said Vietjet CEO Dinh Viet Phuong.

"Honeywell's advanced technology will play a crucial role in helping us better serve our valued passengers with convenient, high-quality, safe, and eco-friendly flights while fostering sustainability in line with our ESG goals”, he added.

 “We are thrilled to expand our collaboration with Vietjet through this important agreement,” said Mr. Joseph Vitulli, representative of Honeywell Aerospace Technologies.

“Honeywell has partnered with Vietjet for nearly a decade and will continue to support the airline in achieving its long-term goals while enhancing passengers’ flight experience. We have consistently succeeded in developing and implementing solutions to reduce carbon footprints, enabling airlines to optimize fuel consumption by analyzing aircraft performance and sharing best practices across their operations," he emphasized.