Skip to main content

Milbank, Tweed, Hadley & McCloy has advised Vietnamese low-cost airline VietJet on its agreement to buy at least 20 A321 passenger jets from France’s Airbus Group for $2.39 billion. 

Milbank also advised the airline earlier this year when it signed a $11.3 billion order for 100 Boeing planes, marking the country’s largest-ever commercial aircraft order, and on a $3.04-billion deal for engines made by Pratt & Whitney, a unit of United Technologies, for 30 Airbus A321 planes.

The Airbus deal, signed during French President François Hollande’s visit to Vietnam, combined with the Boeing deal signed during President Barack Obama’s visit to Vietnam, will add 120 new aircrafts to VietJet’s fleet, in all probability making it Vietnam’s largest airline and one of Southeast Asia’s largest low-cost carriers.

The Milbank team working on the deal was led by Paul Ng, head of the firm’s aviation and asset finance practice in Asia.

 

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.