Tien Phong Bank funds VietJet expansion

Source: Pano feed

HCM CITY (VNS) – Tien Phong Bank is providing VietJet with US$21 million in credit to finance the expansion plans of Viet Nam’s fastest growing airline.


Officials of the bank and the carrier signed the financial agreement for the credit, which forms part of a sale-leaseback deal, in ceremonies held last Thursday.


Under the agreement, Tien Phong will also supply VietJet with larger amounts of credit to finance future sale-leaseback deals.


VietJet previously signed financial agreements with GECAS of the United States, BNP Paribas of France, Jackson Square of Japan and other banks as part of aircraft sale-leaseback deals. These agreements are now in process, said VietJet officials. – VNS




Đăng ký: VietNam News

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