Wednesday, September 26 2018


Taiwan finances aircraft purchase

Update: December, 11/2012 - 10:42

HCM CITY (VNS) — Vietnam Airlines will purchase an A321 aircraft from French manufacturer Airbus with a US$60 million syndicated loan from six Taiwanese banks.

Taiwan-based Cathay United Bank arranged the loan, which has a term of 10 years, with five other banks.This is the first large syndicated loan arranged by a Taiwanese bank for Viet Nam's State-owned enterprises.

One Airbus A321-200 aircraft purchased with the loan will be delivered this month.

Vietnam Airlines has signed a purchase agreement for the delivery of 26 Airbus A321s between 2011 and 2015. The national airline operates 76 aircraft across 85 domestic and international routes, with more than 300 flights a day. It aims to expand its fleet to 115 by 2015 170 by 2020, according to the airline.-VNS

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