ha long bay from the top of Ti Top island

FARNBOROUGH — Vietnamese low-cost carrier VietJet announced a Memorandum of Understanding (MoU) for 100 Boeing 737 MAX family aircraft at Day Three of the Farnborough Airshow.

The MoU is for 80 of the largest 737 MAX model, the 737 MAX 10, and 20 of the standard 737 MAX 8 aircraft.

READ MORE: Farnborough: GECAS Signs for Boeing 35 737-800BCFs

At list prices, the order is valued at just over $12.7 billion. Airlines often receive steep discounts on bulk orders, however. At 80 units, the order makes VietJet the largest 737 MAX 10 customer in Asia.

“We are excited to introduce Boeing’s newest 737 MAX 10 into our rapidly growing fleet. These new airplanes will fit perfectly into our growth strategy, providing the efficiency and range for VietJet to expand its route network and offer more international destinations for our customers and expand alliances across the Asia Pacific, the fastest growing aviation market in the world,” said Madam Nguyễn Thị Phương Thảo, President and CEO of VietJet.

READ MORE: VietJet Takes Delivery of First Airbus A321neo and Upsizes Existing Order

At today’s press conference in Farnborough, Boeing and VietJet also announced a partnership between that two companies to enhance technical and engineering expertise and the training of pilots and technicians in Vietnam. Through partnering with VietJet, Boeing hopes to help further develop the emerging commercial aviation industry in Vietnam. 

As Vietnam’s first privately owned airline and first low-cost carrier, VietJet operates a fleet of 54 Airbus aircraft. After commencing operations in 2011, the airline quickly rose to become the second largest airline in Vietnam.

Barack Obama attends a 2016 VietJet Order Ceremony in Hanoi

In 2016, VietJet jumped from its all-Airbus roots and ordered 100 Boeing 737 MAX 200 aircraft.

The historic agreement was signed in the presence of Mr. Trần Đại Quang, President of the Socialist Republic of Vietnam, and U.S. President Barack Obama.

The order marked a turning point in relations between the United States and Vietnam.

READ MORE: Farnborough: Embraer Reveals Blockbuster Orders For E1, E2 Jets

Kevin McAllister, president, and CEO of Boeing Commercial Airplanes:

“We are honored to deepen our strong partnership with VietJet as they become our newest 737 MAX 10 customer.”

“Today’s agreement for a repeat order from VietJet validates the best-in-class capabilities of the 737 MAX family of airplanes.”

“With this agreement, we take another major step in growing our partnership with VietJet, one that continues to contribute to the trade relationship between Vietnam and the United States.”

“This agreement also grows Boeing’s presence and partnerships across the Asia Pacific, developing win-win partnerships in a region with tremendous development potential.”

READ MORE: Farnborough: Hokkaido Air System Orders 2 42-600s

As the 2018 Farnborough Airshow marches onward, Boeing continues to add to its 737 MAX order tally.

Other major 737 MAX orders from Day One and Two at the Airshow include 75 MAXs for Air Lease Corporation, 75 MAXs for Jet Airways, and 45 MAXs for GOL.

Airways is LIVE at the Farnborough Airshow 2018. Follow our rolling coverage on Twitter at @AIRWAYSLIVE and @AIRWAYSMAGAZINE.