Boeing (NYSE:BA) finalized a massive agreement with Vietnam Airlines for 50 737-8 MAX airplanes, a deal valued at approximately $8.1 billion at list prices that solidifies the U.S. manufacturer’s influence in one of the world’s fastest-growing aviation markets.
The signing ceremony took place Wednesday in Washington, D.C., witnessed by Vietnam’s General Secretary To Lam and U.S. government officials.
The order marks the first time the Vietnamese flag carrier has selected Boeing’s single-aisle family, historically relying on Airbus for its narrow-body needs.
Deliveries are scheduled to begin between 2030 and 2032, eventually growing the airline’s total fleet to approximately 151 aircraft by the end of the decade.
The 737-8 jets, which carry up to 200 passengers, will be deployed primarily on high-demand domestic and regional Asian routes.
By pairing the new MAX fleet with its existing 17 Boeing 787 Dreamliners, Vietnam Airlines expects to achieve a 20% to 25% improvement in fuel efficiency and emissions compared to the older aircraft they replace.