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Vietjet Air Secures $737 MAX Financing Deal

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  Published in Business and Finance on Thursday, February 19th 2026 at 0:52 GMT by Flightglobal
      Locales: VIET NAM, UNITED STATES

Hanoi, Vietnam - February 19th, 2026 - Vietjet Air, Vietnam's leading low-cost carrier, has secured a significant financing deal with the Export-Import Bank of China (Exim Bank China) to acquire six additional Boeing 737 MAX aircraft. This agreement, announced today, marks a continued vote of confidence in Vietjet's strategic growth and the now-fully-rehabilitated reputation of the 737 MAX family. The financing will directly support the airline's ambitious fleet modernization and expansion plans, bolstering its position as a key player in the rapidly expanding Southeast Asian aviation market.

While the specific financial details of the agreement remain confidential, industry analysts suggest the deal is likely structured as a combination of direct lending and potentially, lease-backed financing. Exim Bank China's involvement highlights the growing economic ties between Vietnam and China, and the strategic importance of air connectivity for both nations. This isn't Exim Bank China's first foray into financing Vietnamese aviation; they've previously supported Vietnam Airlines expansions as well.

Vietjet already operates a fleet of 16 Boeing 737 MAX aircraft and had a further 13 on firm order before this new agreement. The addition of these six new jets brings the total number of 737 MAX aircraft on order and in service to 35, signaling a substantial commitment to the Boeing platform. This commitment is noteworthy considering the well-documented grounding of the 737 MAX following the two tragic accidents in 2018 and 2019.

The airline received regulatory approval for the 737 MAX to operate within Vietnam after a rigorous safety review by the Civil Aviation Authority of Vietnam (CAAV). This recertification, along with the implementation of software updates and pilot training enhancements mandated globally, was crucial for restoring public and investor confidence. Vietjet's swift return to 737 MAX operations demonstrated its proactive approach to safety and its belief in the aircraft's long-term viability.

Southeast Asian Aviation Boom & Vietjet's Strategy

The demand for air travel in Southeast Asia has been consistently strong, and is projected to continue its upward trajectory for the next decade. Factors driving this growth include a burgeoning middle class, increased disposable income, and a rise in both leisure and business travel within the region. Vietnam, in particular, has seen a surge in tourism and economic development, creating a fertile ground for low-cost carriers like Vietjet.

Vietjet's business model is predicated on offering affordable air travel to a broad range of customers. The 737 MAX, with its fuel efficiency and operational capabilities, is well-suited to this strategy. The aircraft's lower operating costs allow Vietjet to maintain competitive fares while enhancing profitability. By standardizing its fleet around the 737 MAX, Vietjet can also benefit from economies of scale in maintenance, training, and spare parts.

"This financing deal is a pivotal moment for Vietjet," stated Nguyen Thi Phuong Thao, Vietjet's CEO, in a press release. "It enables us to accelerate our growth plans, expand our network to meet the increasing demand for air travel, and provide even more affordable fares to our customers." She also hinted at potential new routes within Asia and, potentially, longer-haul destinations, utilizing the extended range capabilities of the 737 MAX.

Looking Ahead: Challenges and Opportunities

Despite the positive outlook, Vietjet faces ongoing challenges, including rising fuel prices, fluctuating exchange rates, and increased competition from both domestic and international airlines. The airline will need to carefully manage these risks to maintain its profitability and market share.

However, opportunities abound. Vietjet is actively exploring partnerships with other airlines to expand its network and offer seamless connectivity to passengers. The airline is also investing in digital technologies to enhance the customer experience and streamline its operations. Further expansion into the cargo market is also considered a strong possibility, given the increasing demand for air freight in the region.

The delivery of the six new 737 MAX aircraft is expected to begin in the third quarter of 2026, adding further capacity to Vietjet's network and supporting its continued expansion in the vibrant Southeast Asian aviation landscape.