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VietNamNews

Vietnamese airline to buy airbus planes

Update: October, 05/2013 - 10:00

A Vietnamese airline has plans to spend a lot of money buying aircraft from a company in France that makes planes.

The airline is VietJetAir, which offers cheaper tickets than many other airlines.

VietJetAir plans to become an airline that flies to many different countries.

The Vietjet Aviation Joint Stock Company (VietJet Air) on September 26 received an A320 Sharklet in Paris, the first in a series of aircraft the airline has ordered from Airbus. The hand-over ceremony saw the presence of Prime Minister Nguyen Tan Dung on the occasion of his official visit to France.
The Vietjet Aviation Joint Stock Company (VietJet Air) on September 26 received an A320 Sharklet in Paris, the first in a series of aircraft the airline has ordered from Airbus. The hand-over ceremony saw the presence of Prime Minister Nguyen Tan Dung on the occasion of his official visit to France. - VNA/VNS photo

 

PARIS (VNS)— VietJetAir has signed a memorandum of understanding (MoU) with the world's leading aircraft manufacturer Airbus for an order of 100 aircraft of different types.

The signing ceremony took place at Montignon Castle in Paris and was witnessed by French Prime Minister Jean-Marc Ayrault and his Vietnamese counterpart Nguyen Tan Dung.

The order includes the purchase of 92 A320 family aircraft and the lease of eight more from third party lessors.

According to the list price of Airbus, the order is valued at nearly US$8.6 billion.

The order is aimed to meet VietJetAir's demand for the most modern fleet in the region and to become a multi-national airline.

It will also consolidate Airbus's position in the Asia-Pacific region, which is the fastest growing aviation market in the world.

"We are pleased with our decision and the outcome of negotiations between VietJetAir and Airbus. We are confident that VietJetAir passengers will be satisfied with the most modern and family-friendly aircraft that we have selected," said Luu Duc Khanh, managing director of VietJetAir, Viet Nam's first private and low-cost carrier.

The MoU represents the strategic and comprehensive co-operation between Viet Nam and France during the Vietnamese Prime Minister's visit to France at a time the two nations are celebrating their 40 years of diplomatic ties.

The 100 planes will be delivered between 2014 and 2022, with the first batch scheduled to arrive by the last quarter of next year. — VNS

GLOSSARY

VietJetAir has signed a memorandum of understanding (MoU) with the world's leading aircraft manufacturer Airbus for an order of 100 aircraft of different types. 

A memorandum of understanding is a document that explains how people who intend doing a deal with one another understand what each of their part in the deal should be. 

Airbus is a big company in Europe that makes aircraft. It and the Boeing company, in the United States, are the world's two biggest makers of aircraft.  

The signing ceremony took place at Montignon Castle in Paris and was witnessed by French Prime Minister Jean-Marc Ayrault and his Vietnamese counterpart Nguyen Tan Dung.

Your counterpart is someone in the same position as you, but in another place. Nguyen Tan Dung is the prime minister of Viet Nam. Therefore he is the counterpart of the prime minister of France.

The order includes the purchase of 92 A320 family aircraft and the lease of eight more from third party lessors.

The purchase of 92 aircraft means the buying of the aircraft.

Often people prefer to pay to use something, such as an aircraft, rather than to buy it. When they do this, they lease the aircraft.

If the people who lease an aircraft to someone are not the owners of that aircraft but simply an agent, they would be third party lessors.

It will also consolidate Airbus's position in the Asia-Pacific region, which is the fastest growing aviation market in the world.

By consolidating Airbus's position in the Asia-Pacific region, the company would be making itself stronger there.

The aviation market is the section of the business world that deals with flying.

"We are confident that VietJetAir passengers will be satisfied with the most modern and family-friendly aircraft that we have selected," said Luu Duc Khanh, managing director of VietJetAir, Viet Nam's first private and low-cost carrier.

Some airlines charge cheaper tickets and do not offer luxuries such as free meals on board. This can mean that they do not spend time at airports loading meals for passengers and are able to take off again more quickly, fitting more flights into their day. Such airlines are known as low-cost carriers.

The MoU represents the strategic and comprehensive co-operation between Viet Nam and France during the Vietnamese Prime Minister's visit to France at a time the two nations are celebrating their 40 years of diplomatic ties

Something that is strategic is well planned. 

Something that is comprehensive includes everything. 

Diplomatic ties are friendships between different countries.

The 100 planes will be delivered between 2014 and 2022, with the first batch scheduled to arrive by the last quarter of next year.

Companies divide every year into quarters and make records of what business they do during these periods. Each quarter is three months. The last quarter is therefore from October to December.

WORKSHEET

State whether the following are true, or false:

1.      France and Viet Nam have had absolutely nothing to do with one another for the past forty years.

2.      The Asia-Pacific region is the fastest growing aviation market in the world.

3.      The aircraft that VietJetAir plans to buy from Airbus will arrive in Viet Nam over a period of eight years.

4.      Luu Duc Khanh is the managing director of Airbus.

5.      Jean-Marc Ayrault does the same job in France that Nguyen Tan Dung does in Viet Nam.

ANSWERS:

This page has been developed in cooperation with Duncan Guy, founder and editor of Learn the News
































1. False; 2. True; 3. True;4. False; 5. True.

 


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