The deal is worth approximately US$2.39 billion at current list prices.

The agreement was signed today by Vietjet President and CEO Nguyen Thi Phuong Thao and Airbus President and CEO Fabrice Brégier. The signing ceremony was witnessed by Vietnam’s President Tran Dai Quang and France’s President Francois Hollande.

“We are pleased to sign our latest purchase agreement with Vietjet,” said Brégier. “Vietjet is benefitting from the very significant economies that come from operating a single aircraft family. For busier routes the A321 combines higher capacity with the lowest operating costs in its class, offering unbeatable efficiency. We look forward to developing further our partnership with Vietjet, including working with the airline to develop its new training facility.”

Nguyen said that the new aircraft would help improve the airline’s services and promote tourism and economic development in Vietnam and other regional countries.”

“The friendly relationship in politics and culture between Vietnam and France has been nurtured over generations. Both countries are heading towards a more efficient economic cooperation of which today’s agreement of Vietjet and Airbus is a vivid example. We take great pride in this cooperation and appreciate Airbus for their efforts and support since we first launched operations. Thanks to our modern fleet with advanced designs, fuel efficiency as well as effective support in operations, training and system development, Vietjet will continue to realise passengers’ dreams of flying, to create a future in the air with an aim of making Vietjet become more and more popular globally,” she added.

The airplanes in this purchase will be delivered to Vietjet from 2017 until 2020.