Vietjet and Lufthansa Technik enter an exclusive Total Component Support agreement 

(Vietjet, London, July 24, 2024) - Further emphasizing its global strategic partnerships at the 2024 Farnborough International Airshow, Vietjet and Lufthansa Technik, the world’s leading MRO provider, have inked an exclusive Total Component Support (TCS) agreement. The signing ceremony marks a significant milestone in the long-standing partnership between the two companies.

This comprehensive multi-year agreement for 184 Airbus A320 family and 9 Airbus A330 aircraft will start from October 2024 onwards. It encompasses extensive component services for Vietjet's growing fleet, ensuring the airline’s operational excellence and the highest standards of maintenance. This agreement represents the largest TCS contract Lufthansa Technik has secured in the Southeast Asia region.

“We are thrilled to expand our collaboration with Vietjet through this significant TCS agreement,” said Johanna Koch, Vice President Corporate Sales Southeast Asia and Indian Subcontinent at Lufthansa Technik. “Our relationship, built on trust and mutual respect over the past decade, has been instrumental in achieving this milestone. We are thankful that Vietjet has once again chosen us as their trusted partner to accompany Vietjet on their future growth path. Lufthansa Technik is committed to providing Vietjet with the highest quality of service and support to ensure the continued success of their operations.”

Vietjet Chief Operating Officer Michael Hickey commented: “We have enjoyed a successful partnership with Lufthansa Technik since 2014. We highly value the global expertise and advanced MRO services from the German provider, renowned for its commitment to the world's highest standards. The agreement also reflects our strategic vision to enhance our fleet's reliability and performance, we are poised to achieve new heights in operational efficiency. We look forward to continuing our dedication in providing our passengers with quality, seamless and safe travel experience.”

The Lufthansa Technik Group is one of the leading providers of technical aircraft services in the world. The portfolio includes maintenance, repair, overhaul, and digital fleet support among others. Vietjet is also Lufthansa Technik's first AVIATAR Technical Logbook customer in Asia Pacific from 2022.

In collaboration with Lufthansa Technik Group and other leading global aviation partners, Vietjet continues to invest in advanced aviation technology solutions and services to ensure the highest standards of safety and quality. The airline consistently expands its fleet with new, fuel-efficient aircraft, achieving a technical reliability rate of 99.6%, ranking it among the top airlines both regionally and globally. Vietjet has been awarded a 7/7 star safety rating by AirlineRatings and has been consistently recognized as one of the world's safest low-cost airlines since 2018.