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Pratt & Whitney, VietJet Sign A320 Engine Deal

Pratt & Whitney has signed a USD$3.04 billion contract to sell engines to budget airline VietJet Air for Airbus A320-family aircraft.

The engines will be installed on 63 A320 and A321 planes ordered by VietJet under a contract signed at the Singapore Airshow, the carrier said in a statement.

VietJet, with a fleet of 34 A320 and A321s, has plans to buy or lease a total of 107 aircraft over the next decade, receiving 10 to 12 new jets a year. The airline wants to expand routes to cover all of Asia-Pacific.

It signed two contracts valued at a combined USD$1 billion in 2014-2015 with CFM International to buy 30 engines and for engine maintenance.