Vietjet signs significant deals on aviation technical technology’s adoption and transfer

(Vietjet, Bern/Switzerland, November 26, 2021) - The signing ceremonies were witnessed by Vietnamese President Nguyen Xuan Phuc, the President of the Swiss Confederation Guy Parmelin, high-ranking dignitaries and business representatives of both countries during the official visit of the Vietnamese President to Switzerland.

Signed US$150 million MoU with Swiss MRO service provider SR Technics

On November 26, 2021, Vietjet and SR Technics, a world leading MRO service provider inked a Memorandum of Understanding (MoU) worth US$150 million involving providing MRO services on Vietjet’s CFM56-5B engine fleet, installed on their Airbus A320 and A321 aircraft in Bern, Switzerland. The work on the engines will be carried out at SR Technics' world-renowned facilities at Zurich Airport in Switzerland and in Vietnam. The MoU also includes providing engine maintenance, technical and training services, component requirements and repair, and setting up a new Aviation training center, as a joint venture between Vietjet and SR Technics.

Vietjet and Swiss Aviation Software (Swiss-AS), world’s leading provider of aviation maintenance solutions based in Switzerland, also signed a strategic cooperation agreement to further extend Vietjet’s adoption of Swiss-AS’s maintenance and engineering solution AMOS to support Vietjet’s fleet. The two parties will extend their cooperation to cover various scopes, strengthening the existing long-term strategic partnership over the next ten years. Swiss-AS and its relevant subsidiaries will provide Vietjet the added platform of AMOS mobile/EXEC for aircraft technical management on mobile devices, thus allowing full automation and digitalization for Vietjet’s engineers.

In addition, Vietjet will use the system with more capacity and update other AMOS modules to better serve in-house management including automation of planning, aircraft scheduling and budget management, etc. Swiss-AS will also provide the AMOS “train the trainer” program for Vietjet with notable frequency and scale in the coming time.

Signed a strategic cooperation agreement for adoption of renowned maintenance and engineering solution Swiss-AS’s AMOS

Commenting at the MoU signing ceremony, SR Technics' CEO Jean-Marc Lenz said: “We are very proud that Vietjet is committing to a long-term partnership with SR Technics. This confirms their confidence in SR Technics’ ability and expertise to provide best-in-class MRO services including engine maintenance and technical and training support in line with the highest benchmarks in the industry in terms of safety and quality. Therefore, entrusting us to deliver top-quality performance on their engines, proves how strong the foundation of our future collaboration is. I look forward to visiting the new Aviation training center which will be built in Ho Chi Minh City in collaboration with our renowned Vietnamese partner.”

Fabiano Faccoli, Chief Operating Officer of Swiss-AS, said: “It has been an honour for Swiss-AS to support Vietjet in its impressive growth over the last decade. Swiss-AS is looking forward to further strengthening the excellent partnership and, through its AMOS product suite and services, be instrumental in digitalizing Vietjet’s Technical Operation. Swiss-AS shares Vietjet’s customer-focused strategy and is keen to support Vietjet to further improve productivity and quality through innovation, technology and creativity.”

 Vietjet Managing Director Dinh Viet Phuong said: “The signed agreements between Vietjet and our strategic partners today pave the way for further development, especially in the process of transferring and adopting aviation technologies and setting up aviation academy to positively contribute to the development of Vietnam’s aviation industry. We cherish the cooperation, which has been nourished by a long-standing relationship between Vietnam and Switzerland and especially on the occasion of the Vietnamese President’s official visit to Switzerland.”

 Vietjet has a comprehensive flight network in Vietnam and across Asia Pacific. Weathering through the pandemic, the airline has resumed its domestic flight network and operated a series of international flights from and to Vietnam while looking to further expand operation across continents in the near future. Vietjet operates a new, modern, and fuel-efficient fleet with technical reliability rate among top operators in the region and the world. Vietjet’s growth is associated with the development and integration of Vietnam’s aviation industry and highlighted through global-scale partnerships with technical and aviation technology companies such as Switzerland-based SR Technics and Swiss-AS.