Vietjet Secures $300M Aircraft Financing Deal with KKR’s AV AirFinance

Vietnamese low-cost airline Vietjet has signed a $300 million financing agreement with AV AirFinance, a partner of global investment firm KKR, to support its fleet expansion plans. The deal was finalized during Deputy Prime Minister Ho Duc Phoc’s recent U.S. visit aimed at reciprocal tariff negotiations.

This new agreement confirms a previous Reuters report on the financing deal, initially valued at $200 million. Vietjet noted the final figure reached $300 million, further strengthening its international partnerships.

The financing marks the latest addition to a series of U.S.-linked deals worth a combined $4 billion, reflecting Vietjet’s aggressive growth strategy and expanding global footprint. The airline is strategically aligning itself with key American partners to enhance its fleet and boost operational capacity.

Vietjet also reaffirmed its long-standing commitment to Boeing, highlighting its purchase agreement for 200 Boeing 737 MAX aircraft. First signed in 2016 and later revised during former U.S. President Donald Trump’s visit to Vietnam in 2019, the deal is yet to result in any aircraft deliveries. However, the airline expects to receive its first Boeing jets later this year and is currently in discussions to expand the order further.

Additionally, Vietjet is considering the acquisition of 20 Boeing 787 wide-body jets, signaling a potential move into long-haul international routes.

The partnership with AV AirFinance and ongoing talks with Boeing underscore Vietjet’s ambition to scale operations and strengthen its position in the competitive aviation sector, both regionally and globally.

With robust financial backing and strategic U.S. collaborations, Vietjet is poised for significant growth in 2025 and beyond.