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(CPV) - The Vietnam International Bank (VIB) and the Vietnam National Flag Carrier (Vietnam Airlines - VNA) on November 16 inked a funding agreement worth USD48 million for the purchase of new Airbus A321 aircrafts.
Accordingly, VIB will help the Carrier to develop its modern fleet in the next 10 years, meeting the increased demand for expanding both domestic and international flights network.
“In the context of regional and global economic downturn, as well as the strict competitiveness between domestic and international banks/credit organizations, this agreement has demonstrated VIB’s strength and powerful. It will benefit not only engaging parties, but also for passengers”, said Mr Pham Ngoc Minh, President and CEO of VNA.
So far, the Bank has been provided short-term credit packages and different financing plans for the Airlines, thus supporting VNA to develop more.
This funding agreement is the first ever long-term commercial grant, opening a large window for a long and comprehensive cooperation between the two sides in the near future./.
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