VietJet and Novus Aviation Capital to establish aircraft financing and leasing firm

HNAOI (Reuters): Vietnam's VietJet Aviation and UAE-based Novus Aviation Capital have entered into a memorandum of understanding to jointly establish an aircraft financing and leasing firm in Vietnam, the budget airline said on Saturday.

The firm will initially provide financing and acquisition of 15 new aircraft ordered by VietJet from Boeing and Airbus, with deliveries scheduled from 2024, it said in a statement.

Meanwhile, local media also reported that Vietnam attracted nearly US$28.85 billion of foreign investment as of Nov 20, a year-on-year growth of 14.8 per cent, according to the General Statistics Office earlier in the week.

About US$20.25 billion of foreign direct investment (FDI) flowed into the country in the first 11 months, a year-on-year increase of 2.9 per cent, the office said.

Foreign investors have invested in 56 provinces and cities during the cited period, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

The northern province of Quang Ninh remains the biggest destination of FDI with nearly US$3.11 billion.

As of Nov 20, there were 38,844 valid FDI projects worth almost US$462.4 billion in total across Vietnam.

Nearly US$294.2 billion of the projects' registered capital was disbursed, equivalent to 63.6 per cent, according to the agency.