Vietnam Airlines to sell, lease three Airbus 350

Tuesday, Apr 05, 2016 19:21

An Airbus A350 of Vietnam Airlines. The firm plans to sell and lease back three aircrafts Airbus 350 to reduce the loan guaranteed by the Government. — Photo Viet Hung

HA NOI (Biz Hub) — The national carrier Vietnam Airlines has planned to sell and lease back three aircrafts Airbus 350, which will be handed over to the firm in the 2016-2017 period.

An official from Vietnam Airlines said that the capital invested in the aircrafts had come from the Government's guaranteed loan and commercial loan. Therefore, the carrier will apply the model of sale and lease back to reduce the nation's public debt.

He said the model was a popular financial business in the world. The loan to own such A350 aircrafts would be reduced but the carrier still ensured the number of aircrafts in operation as well as balancing capital flow and corporate finance safety.

Vietnam Airlines is also selling two aircrafts Boeing 777 – 2000 ER. The planes have been flying for 13 years. — VNS

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