Deals
Citibank, Vietnam Air Ink $560 Million Loan Deal to Buy Aircraft
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Citibank signed a memorandum of understanding to provide Vietnam Airlines at least $560 million to partially finance what’s expected to be Boeing Co. plane purchases, as the Southeast Asian nation touts US aviation and finance ties as part of key tariff negotiations.
The MOU signing occurred during Vietnam Deputy Prime Minister Ho Duc Phoc’s visit to the US to “strengthen bilateral trade cooperation, including mobilizing funds for key projects of state-owned enterprises such as Vietnam Airlines,” Le Duc Canh, the carrier’s vice president who was part of the delegation, told Bloomberg News.