Vietnam Airlines to Buy $5 Billion in Boeing Jets During Biden Visit, Aiming to Replace Airbus Fleet
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Vietnam Airlines is nearing a $5 billion deal to purchase 50 Boeing 737 MAX jets during President Biden's visit.
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The order is timed for political purposes, as past administrations have also sold Boeing jets to Vietnam.
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Vietnam Airlines would replace Airbus A321s with the Boeing jets. They currently fly an all-Airbus narrowbody fleet.
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The state-owned airline has been losing money while competing against VietJet and others in Vietnam's aviation market.
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Relations with Vietnam are important to the U.S. in containing China's regional influence after Trump walked away from the Transpacific Partnership.