31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Corporate News
Vietjet and Safran sign $10-billion strategic partnership agreement
Phi Nhat 11:27, 2021/11/04
The two sides will extend their cooperation to a long-term strategic partnership.

Vietjet, a Vietnamese low-cost carrier and Safran, an international France-based high-technology group, have signed a US$10-billion comprehensive strategic partnership agreement during the official visit of Vietnam’s high-ranking government delegation to France. 

 The overview of the signing ceremony in Paris. Photo: Vietjet

The event was witnessed by Vietnamese Prime Minister Pham Minh Chinh, French Prime Minister Jean Castex, and high-ranking dignitaries of the two countries on November 3 in Paris.

Building on both sides’ existing cooperation in aircraft engine and engine services through CFM International, Vietjet and Safran will extend their cooperation to a long-term strategic partnership to cover more aircraft engine deals and a variety of other aspects such as aircraft seats and interiors supply.

In addition, the French group will provide Vietjet with training programs including management and technical training whilst also supporting the airline to establish MRO (maintenance, repair, and overhaul) capabilities in Vietnam. Vietjet and Safran Electronics & Defense will accelerate cooperation to enable the Vietnamese airline to achieve the best-in-class Flight Data Analysis solution for its whole airline’s fleet.

Alexandre Ziegler, Safran Senior Executive Vice President, International and Public Affairs said: “We are very pleased to be an integral part of Vietjet’s growth strategy. This agreement reflects the relationship of mutual trust between the airline and Safran and the  recognition of our expertise and experience.”

Safran is an international high-technology group, operating in the aviation (propulsion, equipment, and interiors), defense and space markets. The group deploys 76,000 employees and its sales were 16.5 billion euros ($19.1 billion) in 2020. 

As Vietnam’s leading airline in terms of domestic passenger traffic, Vietjet currently operates a fleet of 90 aircraft. The airline looks to further expand across continents thanks to its new and modern fleet in the incoming time.

TAG: Vietjet Safran strategic partnership
Other news
15:12, 2023/12/02
Hanoi Railway Transport makes profit after two years of losses
This year, the company aims to achieve a total revenue of nearly VND2.2 trillion, a year-on-year increase of 10%.
14:05, 2023/05/06
Vietnam's top 500 largest enterprises honored
The 500 largest Vietnamese companies are acknowledged for having been resilient and driven the national socio-economic development amid the pandemic.
15:53, 2022/53/19
ICRMAT 2022: Promoting innovative and breakthrough technology solutions for businesses
ICRMAT has attracted hundreds of projects and research in the field of technology and management from experts all over the world.
17:12, 2022/12/15
Central Pharmacy - expertise is the key to building trust with customers
The situation of the Covid-19 pandemic is still complicated, health issues are being paid great attention to by people. Therefore, the role of each pharmacy becomes increasingly important.
17:44, 2022/44/14
An Thai Hung inks partnership agreement with Indian tradtional medicine maker
Indian firm Charak Pharma is among the leading global companies in traditional medicine making with 75 years of experience.
15:56, 2022/56/07
VinFast files for US public listing
If approved, VinFast will become the second Vietnamese enterprise to list shares on the US stock market after Cavico's listing in 2009.