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Vietjet’s bulging narrowbody order book signals faith in Vietnam market growth

Premium Analysis

Vietjet’s reaffirmation of its massive Boeing 737 MAX order was a vote of confidence in the programme, it also highlighted the airline’s ambitious growth agenda has not been dented by COVID-19.

The updated agreement underscores the potential for further expansion of the travel market in Vietnam and in Thailand, where Vietjet has an affiliate airline.

On a broader level, it is a reminder of the magnitude of the narrowbody orders placed by the largest Asia-Pacific LCCs.

The numbers in the Vietjet order have not changed, although that in itself is worth noting in a period where some other Asia-Pacific airlines – mainly full-service carriers – have been forced to restructure their order books.

Confirmations of long-standing, but oft-delayed, aircraft orders are more significant now than before the pandemic. And this is particularly true of an aircraft type with such a troubled recent history.

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