BNP Paribas (France) to be financing arranger for VietJetAir's aircraft order

At the Airshow in Singapore BNP Paribas and VietJetAir have reached a mutual agreement wherein BNP Paribas was assigned to be the adviser and financing arranger for VietJetAir’s aircraft order. In which BNP Paribas will arrange financing for the first three aircrafts that VietJetAir will receive in 2014. The value of these three aircrafts is at US$270m. The two parties also agreed that BNP Paribas will be VietJetAir’s strategic partner in other aircraft financing plans in the future. BNP Paribas is a leading international bank in aviation finance, serving 128 airlines and aircraft leasing firms. In 2012 and 2013, the bank helped consulting and arranged financing for 125 aircrafts and the amount of loans that BNP Paribas has arranged was US$7.4bn in 2012.