Bamboo Airways To Sign A Deal With General Electric To Buy Engines for Boeing

Bamboo Airways

On Tuesday, Vietnam’s airline announced that it would buy engines from General Electric (GE) for Boeing 787-9 Dreamliner aircraft for nearly $2 billion. Bamboo will sign the deal in the presence of President Nguyen Xuan Phuc in the United States. 

Experts suggested that bamboo expects this deal to be a breakthrough for their operations, and investors see this as a great opportunity. But enough time is remaining for the delivery of engines. Bamboo said the engines will be delivered in 2022 for the installation in Boeing to carry non-stop operations from Vietnam to the United States. 

The company stated that the deal is a critical milestone to enlarge the network. The aim is to connect Vietnam with all mid and large economies to smoothen the transportation and freight services. Bamboo is to open a representative office in the United States this week and lock the deal with Los Angeles International Airport and San Francisco International Airport to conduct the first test of non-stop operations between countries. 

The airline will conduct the test on Thursday. Experts stated that it would be quite necessary to give a head start to the non-stop flights and expand the transcontinental flight network. The government approvals are pending, which might delay the process to be finalised. 

But the company aims to start the official non-stop flights early next year. The airline already set the goals to expand the international flight network to the United Kingdom, Australia and Germany. The operations will be conducted with Boeing Dreamliner aircraft.   

Get a Callback

A trusted broker will contact you today.

Trading View

Top Brokers