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Bamboo Airways Enters ~$2B Deal With GE For Engines On Boeing Jets

By John F. Heerdink, Jr.

As per reports, Vietnam’s Bamboo Airways has entered a deal with General Electric (GE) to purchase GEnx engines to power Boeing (BA)) 787-9 Dreamliner aircraft for nearly $2 billion. The company informed the GEnx engines, due to be delivered in 2022, will be used on the airline’s wide-body Dreamliner fleet to operate planned non-stop routes between Vietnam and the United States. 

“This new signing agreement will be an important milestone for the airline to expand its transcontinental flight network, connecting Vietnam with medium- and long-range markets,” the statement said.

The airline informed that it will open a representative office in the United States and sign agreements with Los Angeles International Airport and San Francisco International Airport this week, building its first test of a non-stop flight between the countries. Bamboo said it is also seeking to expand its international flight network and open more routes to Australia, the United Kingdom, and Germany, with its Boeing 787-9 Dreamliner aircraft.

Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.

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(Read Original Story: UPDATE 1-Vietnam's Bamboo Airways to sign $2 bln deal with GE for engines on Boeing jets in Reuters)


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