November 2, 2018 / 12:13 PM / 17 days ago

VietJet signs $6.5 billion deal for 50 Airbus jets

A VietJet aircraft is seen at Noi Bai International airport in Hanoi, Vietnam January 12, 2018. REUTERS/Kham

HANOI (Reuters) - VietJet Aviation VJC.HM signed a $6.5 billion (5 billion pounds) agreement on Friday to buy 50 Airbus (AIR.PA) A321neo jets, the Vietnamese budget carrier said.

The agreement, signed during a visit to Hanoi by French Prime Minister Edouard Philippe, is part of aggressive investment in the Vietnamese airline’s fleet, which has provided lucrative business for both European aerospace group Airbus and its U.S. rival Boeing (BA.N).

Reporting by Khanh Vu; Editing by David Goodman

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