Vietnam low-cost carrier (LCC) VietJetAir has selected CFM International CFM56-5B engines to power 14 Airbus A320ceos and seven A321ceos. The agreement, which follows Tuesday’s announcement that the Ho Chi Minh City-based airline finalized a deal for up to 101 Airbus A320 family aircraft, is valued at more than $800 million at list prices.
The engine order was signed on Wednesday at the Singapore Airshow. VietJetAir noted it has been a CFM customer since it launched operations in late 2011 with leased CFM56-5B-powered A320s.
“Based on our experience with CFM to date, the CFM56-5B engine was the natural choice for our new A320ceos,” said Chu Viet Cuong, a member of the carrier’s board of directors.
“We are thrilled to take our relationship with VietJetAir to the next level,” CFMI VP-sales Gaël Meheust said.
All of VietJetAir’s new engines will be in the CFM56-5B performance improvement package (PIP) configuration, which became the production configuration for the CFM56-5B in 2011.
Though it is just over two years old, VietJetAir noted it has a 26.2% domestic market share in Vietnam and is “already profitable.”