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Vietnam’s FLC Group, one of the country’s largest conglomerates
with interests in financial investments, real estate and mining, has signed a
memorandum of understanding (MOU) with Airbus for up to 24 A321neo aircraft in
a deal potentially valued at $3bn. It is planning to use the new jets for
future operations by start-up carrier Bamboo Airways.

The new airline is set to start services in 2019 with aircraft
on lease from third-party lessors until its new A321neo start to be delivered
from 2022. Initially, Bamboo Airways will focus on linking international
markets to Vietnamese leisure destinations, as well as on selected domestic

Trinh Van Quyet, Chairman of the FLC Group, remarked: “After
evaluating carefully the competing products, FLC Group and Bamboo Airways have
selected the A321neo as the most efficient option for new operation. The
A321neo will enable us to combine comfort, efficiency and the right capacity
for our planned services, which will primarily serve fast growing leisure markets
in Vietnam.”