New-age carrier Vietjet has been honored as the winner of “The Operating Lease Deal of the Year” for its 10 Airbus aircraft operating lease in 2019. The title is listed amongst the Annual Global Awards of the world’s prestigious aviation and aerospace finance industry magazine Airfinance Journal.
The deal, which was signed between Vietjet and Novus Aviation Capital in July 2019, covers five aircraft (three A321s and two A321neos) which were delivered in 2019 while the five remaining aircraft are scheduled for delivery by this year.
The award recognized Vietjet’s benefits from the transaction including the flexibility in financing structure, attractive pricing of the lease, repeat documentation, and aircraft delivery schedule.
“The award is an acknowledgment for Vietjet’s relentless efforts in aircraft financing activities, which sets a strong base for the airline’s sustainable investment and development of new and modern fleet in the coming years,” said Ho Ngoc Yen Phuong, Vietjet Vice President, and CFO.
Previously, Vietjet was also listed in the Top 50 airlines for healthy financing and operations for two consecutive years in 2018 and 2019 by Airfinance Journal. It is the only Vietnamese carrier on the list. The presence in the list showed the airline’s positive finance and growth indicators amongst top airlines worldwide.
Published continuously for more than 40 years, Airfinance Journal is a market leader in financial publications covering global aircraft and aviation business and is headquartered in London. The journal includes the latest news, analysis, and data relating to the financing of the aviation industry globally, covering airlines, airports, banks and financial institutions, leasing companies, and others.