Aircraft leasing company debuts with contract with Boeing
The Vietnam Aircraft Leasing Joint-stock Company (VALC) signed a 1.42 billion USD contract with Boeing to purchase eight B787-8 Dreamliners planes after its debut ceremony in Ha Noi on November 16.
The new company comprises domestic industrial giants as founding shareholders, including Vietnam Airlines, the Bank for Investment and Development of Vietnam (BIDV), the Vietnam National Oil and Gas Group (PetroVietnam), the Vietnam Shipbuilding Industry Group (Vinashin) and the Phong Phu Corporation.
VALC CEO Tran Long said his company will receive the first of the eight planes in 2016. The company plans to lease out all the eight aircraft to Vietnam Airlines.