Category Archives: Bamboo Airways

Bamboo Airways commits for 20 Boeing 787-9 Dreamliners

Bamboo Airways and Boeing today announced a commitment for 20 787-9 Dreamliners in deal that would be worth $5.6B at current list prices, when finalized.

The announcement was made during a signing ceremony at the U.S. Chamber of Commerce office, witnessed by Voung Dinh Hue, deputy prime minister of Vietnam, and Nazak Nikakhtar, Assistant Secretary for Industry and Analysis, U.S. Department of Commerce, International Trade Administration.

As part of the agreement, Bamboo Airways completed the deposit requirement in mid-June to reserve the 20 airplanes, which are tentatively scheduled to be delivered from April 2020 through 2021.

“We are excited to introduce these new 787 Dreamliners into our fleet as we prepare to launch long-haul operations to international markets,” said Mr Trinh Van Quyet, Chairman of FLC Group, 100% owner of Bamboo Airways. “Our long-term vision is to connect Vietnam to key markets within Asia, Europe and North Americaand the capabilities of these new state-of-the-art Dreamliners will help us achieve our goals. The 787’s superior economics and efficiency, as well as the passenger pleasing interior of the Dreamliner will allow us to successfully grow our business while enabling us to better serve our customers.”

Bamboo Airways is a startup airline that plans to begin commercial operations in 2019 out of the capital city of Hanoi. The carrier plans to offer flights within Vietnambefore expanding into other Northeast Asian markets such as China, Korea and Japan. “We are delighted to welcome Bamboo Airways to the Boeing family and we look forward to Bamboo joining the growing group of global airlines that fly the 787 Dreamliner,” said Mr Dinesh Keskar, senior vice president of Asia Pacific and India Sales, Boeing Commercial Airplanes. “We are confident that the 787 will help launch Bamboo’s long-haul operations and serve as the foundation of their success for many years to come.”

The 787 Dreamliner is an all-new, super-efficient family of commercial airplanes. Since 2011, more than 690 Dreamliners have been delivered to operators, flying over 255 million people on more than 680 unique routes around the world, saving an estimated 25 billion pounds of fuel.

At 20 feet (6 meters) longer than the 787-8, the 787-9 extends the family in capacity and range, flying more passengers and more cargo farther. The airplane can fly 290 passengers, in a typical two-class configuration, up to 7,635 nautical miles (14,140 km).

Bamboo Airways is wholly-owned by the FLC Group, a Vietnamese multi-industry company, focusing on aviation, real estate, resorts, farming, and golf.

Previously Vietnam’s FLC Group signed a Memorandum of Understanding (MOU) with Airbus for up to 24 A321neo aircraft (below) for future operation by start-up carrier Bamboo Airways.

All images by Bamboo Airways.

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FLC Group selects Airbus A321neo for Bamboo Airways

Vietnam’s FLC Group has signed a Memorandum of Understanding (MOU) with Airbus for up to 24 A321neo aircraft for future operation by start-up carrier Bamboo Airways.

The agreements were signed in Paris by Trinh Van Quyet, Chairman of FLC Group and Eric Schulz, Chief Commercial Officer, Airbus during the official visit to France of Nguyễn Phú Trọng, General Secretary of the Central Committee of the Communist Party of Vietnam.

Bamboo Airways is set to begin operations in 2019 with aircraft on lease from third party lessors before taking delivery of the aircraft covered by today’s MOU with Airbus. The carrier will focus on linking international markets to Vietnamese leisure destinations, as well as on selected domestic routes.

FLC Group is one of the largest conglomerates in Vietnam and is involved in a wide range of businesses including real estate development, hotel construction and management, financial services, and mining. Bamboo will in particular serve destinations where FLC Group has heavily invested in tourism infrastructure.

Images: Airbus.

Bamboo Airways wants to launch operations with Airbus A321s

Bamboo Airways (Qui Nhon) is a proposed new airline in Vietnam which still needs to obtain an AOC.

From Reuters:

Vietnamese property developer FLC Group said on Tuesday it wants to buy 24 Airbus A321neo aircraft for its planned Bamboo Airways operation up until 2025, a deal potentially worth $3 billion.

The announcement signalled an increasingly ambitious plan to invest in Vietnam’s fast-growing aviation industry by FLC, which said last year in an interview with Reuters it plans to lease about seven aircraft by 2018 from Airbus.

Hanoi-based FLC, whose main businesses are housing, resorts and golfing, has not yet obtained a licence to operate an airline, and said in a statement it is waiting for the Vietnamese government to approve its application.

“After studying and carefully scrutinising the options, FLC Group and Bamboo Airways have decided to order 24 aircraft from Airbus…until 2025,” FLC chairman Trinh Van Quyet said in the statement.

“After operating and testing performance, we will calculate the options to cooperate further,” Quyet said.

FLC expects to buy a further 24 Airbus A321 long-range planes after the Vietnamese firm obtains an airline licence from the Vietnamese government, the firm said in a statement on its website after meeting Airbus representatives.

Vietnam currently has four airlines, including flag carrier Vietnam Airlines, budget operator Jetstar Pacific Airlines partly owned by Vietnam Airlines, budget carrier Vietjet Aviation and Vietnam Air Services Co.

“While waiting for the business licence application to be approved and the order to be confirmed, I propose FLC and Airbus sign a memorandum of understanding on the cooperation in buying 24 A321neo planes worth $3 billion,” Jean-Francois Laval, an Airbus executive vice president, was quoted in the FLC statement as saying.

FLC said it plans to operate international flights through Bamboo Airways to tourist spots in Vietnam including where FLC’s properties are placed, while it also plans domestic flights.

Vietnam’s airport capacity has been reaching its limits as more people in the nation of 90 million take flights and as the economy grows at among the fastest rates in Asia, prompting the government to be more hesitant in handing out airline licences.

Budget airlines VietJet Air posted an estimated jump of 75.9 percent in pre-tax profit last year, while Vietnam Airlines also reported a 26.7-percent increase in net profit in 2017. (Reporting by Mai Nguyen, editing by Louise Heavens and Adrian Croft)