Deals

Vietnam Air, Boeing Reach $10 Billion Deal for 737 Max Jets

Tentative order from carrier would replace older Airbus planes
VietJet reaffirms Max order, secures funds during Biden visit

Vietnam Airlines aircraft.
Photographer: Nhac Nguyen/AFP/Getty Imges

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By Nguyen Dieu Tu Uyen and Danny Lee

September 10, 2023 at 11:36 AM UTC

Updated on

September 11, 2023 at 11:26 AM UTC

This article is for subscribers only.

Vietnam Airlines JSC signed an preliminary deal for 50 Boeing Co. 737 Max aircraft during a visit by US President Joe Biden to the Southeast Asian nation.

The memorandum of understanding is valued at $10 billion, Vietnam Airlines said in a statement Monday. The White House hailed the “landmark deal,” saying it was worth $7.8 billion and will support more than 30,000 American jobs.