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Safran and Bamboo Airways Inked €2 Billion Deal Witnessed by French and Vietnamese Prime Ministers - Bamboo Airways and Safran inked a Memorandum of Understanding (MOU) for a potential €2 billion deal, witnessed by French Prime Minister Jean Castex and Vietnamese Prime Minister Pham Minh Chinh during his working visit to France from November 3-5
Safran and Bamboo Airways Inked €2 Billion Deal Witnessed by French and Vietnamese Prime Ministers

 

NewswireToday - /newswire/ - Paris, Ile-de-France, France, 2021/11/05 - Bamboo Airways and Safran inked a Memorandum of Understanding (MOU) for a potential €2 billion deal, witnessed by French Prime Minister Jean Castex and Vietnamese Prime Minister Pham Minh Chinh during his working visit to France from November 3-5. PAR: SAF | SAFRAN

   
 
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Bamboo Airways (bambooairways.com) and Safran, leading global aerospace supplier, signed an MOU to identify potential opportunities concerning an order of fifty (50) A321neos (30 firm plus 20 options) and thirty (30) B787-9 (10 firm plus 20 options) that would be beneficial to both parties in the field of aeronautical propulsion but also aerospace equipment

CFM International1 and Safran are long-term strategic partners of Bamboo Airways. The airline is currently operating 7 A320neo and 5 A321neo powered by LEAP-1A engines of CFM International (cfmaeroengines.com), marking the first-ever operation of this engine in the Vietnam market. Bamboo is also interested in installing Safran's high-class and modern seats on its fleet. The two parties will also study the installation of interiors equipment in its cabins.

“We are looking forward to developing a strong relationship with Bamboo and being part of its future growth,” added Alexandre Ziegler, Safran Senior Executive Vice President, International and Public Affairs. “This MoU will strengthen the involvement of the two companies and reflects mutual recognition of their expertise in providing the best customer experience.”

“We believe the cooperation between Bamboo Airways and Safran will make a substantial contribution to the strategic partnership between Vietnam and France not only in the aviation industry but also to the fields of economy, politics, commerce, education, etc.”, said Mr. Trinh Van Quyet, Chairman of Bamboo Airways.

1. CFM International is a 50/50 joint-company between GE Aviation and SAE

Safran (safran-group.com) is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 76,000 employees and sales of 16.5 billion euros in 2020, and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran undertakes research and development programs to maintain the environmental priorities of its R&T and Innovation roadmap.

Press contact: Catherine Malek
P: +33(0)1 40 60 80 28 - E: catherine.malek[.]safrangroup.com.

 
 
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Written by / Agency / Source: Safran Group

 
 

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Safran and Bamboo Airways Inked €2 Billion Deal Witnessed by French and Vietnamese Prime Ministers

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Publisher Contact: Isabelle Javary - SafranGroup.com 
+33(0)1 40 60 82 20 isabelle.javary[.]safrangroup.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Safran Group securities in any jurisdiction including any other companies listed or named in this release.

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