Vietjet Chief Executive Officer Đinh Việt Phương (right) and Joseph Vitulli, representative of Honeywell Aerospace Technologies, exchanged the agreement in the witness of Việt Nam’s Party General Secretary and State President Tô Lâm. — Photo courtesy of Vietjet

NEW YORK — Vietjet and US-based Honeywell Aerospace Technologies have exchanged a cooperation agreement valued at US$1.1 billion, to provide avionics and aviation technical services for Vietjet’s modern and fuel-efficient fleet.

The signing took place on September 23 in the presence of Việt Nam’s Party General Secretary and State President Tô Lâm, during his working visit to the US.

The agreement marks a significant step in Vietjet's ongoing efforts to modernise its fleet, the airline said in a statement. 

Vietjet will implement Honeywell’s avionics and APU (Auxiliary Power Unit) maintenance programmes 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.

Vietjet Chief Executive Officer Đinh Việt Phương said: “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."

"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,” Phương said. 

 “We are thrilled to expand our collaboration with Vietjet through this important agreement,” said 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 optimise fuel consumption by analysing aircraft performance and sharing best practices across their operations,” he said. 

Vietjet has earned a 7/7-star safety rating from AirlineRatings and has consistently been recognised as one of the world’s safest low-cost airlines.

The airline continues to expand its fleet with new, fuel-efficient aircraft, achieving a technical reliability rate of 99.6 per cent, placing it among the top airlines globally.

Through collaborations with Honeywell and other global aviation leaders, Vietjet remains committed to investing in advanced aviation technologies to ensure the best flying experience for its passengers worldwide. — VNS