Singapore’s Rajah & Tann has advised Vietnam's Vietjet Air on the reaffirmation of its $8 billion deal with CFM International to acquire over 400 CFM advanced Leap 1B Aircraft Engines.
VietJet is the first privately owned airline in Vietnam and one of the fastest-growing low-cost carriers in the Indo-China region.
The agreement was officially sealed in Paris at a ceremony where French President Emmanuel Macron welcomed Vietnam's leadership delegation. The occasion was part of broader diplomatic talks that kicked off on October 7, marking a significant moment in Franco-Vietnamese relations.
Rajah & Tann Singapore’s head of aviation, Paul Ng represented Vietjet on the deal.
“The signing of this deal further underscores the return to growth in Southeast Asia’s aviation sector,” Rajah & Tann said in a statement.