
Vietjet Air strengthens Thai subsidiary with Boeing 737 fleet
Vietnamese private low-cost airline Vietjet Air, undergoing a period of rapid growth and international expansion plans, has announced an agreement with Boeing to transfer up to 50 Boeing 737 aircraft to its Thailand-based subsidiary, Thai Vietjet Air. This move is aimed at strengthening aviation and tourism links between Thailand, Vietnam, and other countries in the region and follows a recent agreement to establish a new subsidiary in Kazakhstan. According to Asian Aviation, under the agreement, Vietjet Air will transfer 50 aircraft from its existing order of 200 Boeing 737s to Thai Vietjet Air, with delivery of the first aircraft expected to begin in October 2025. The expansion in Thailand will enable Vietjet Air to significantly expand its presence in the region and compete directly with other major Asian low-cost carriers such as Air Asia Thailand and Nok Air, as well as the national flag carrier Thai Airways. Long-standing partnership with Boeing Vietjet Air signed its first order for the Boeing 2016 MAX in 737 during a visit to Vietnam by then-US President Barack Obama. This agreement was expanded at the Farnborough Air Show in 2018 with a letter of intent for an additional 100 aircraft. Most recently, in April 2025, Vietjet Air and AV AirFinance signed a financing agreement totaling US$300 million to cover the financing of the new Boeing fleet. This agreement is part of a broader series of aircraft financing deals valued at over US$4 billion that Vietjet has concluded with leading US financial institutions.




