Safran signs €2bn engine deal with Bamboo Airways

Global aerospace supplier, Safran, has signed an agreement with Vietnamese airline, Bamboo Airways, for a potential €2 billion aircraft engine deal

The agreement will identify potential opportunities concerning an order of 50 A321neos (30 firm plus 20 options) and 30 B787-9 (10 firm plus 20 options) that would be beneficial to both parties for engines and aerospace equipment.

CFM International and Safran are long-term strategic partners of Bamboo Airways. The airline is currently operating seven A320neo and five A321neo powered by LEAP-1A engines of CFM International, 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,” said 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”, added Mr. Trinh Van Quyet, Chairman of Bamboo Airways.

CFM International is a 50/50 joint-company between GE Aviation and Safran Aircraft Engines (SAE).

www.safran-group.com