Vietnamese airline Bamboo Airways will sign a deal with Boeing Co. to buy 10 airplanes as Bamboo seeks to launch flights to the U.S. by the end of this year or early next year, according to Reuters.
The deal will be made on the sidelines of this week's summit between President TrumpDonald TrumpFormer chairman of Wisconsin GOP party signals he will comply with Jan. 6 committee subpoena Overnight Defense & National Security — Pentagon tells Russia to stand down Billionaire GOP donor maxed out to Manchin following his Build Back Better opposition MORE and North Korean leader Kim Jong Un in Vietnam, Reuters reported.
Bamboo previously placed an order last year for 20 Boeing 787 widebody jets, Reuters reported.
“We will sign with Boeing a deal to buy 10 more Boeing 787s. This is different from the deal signed earlier for 20 Boeing planes,” an executive with Bamboo told Reuters.
The executive added that the deal would be signed during the summit and that it "is a firm order valued at nearly $3 billion."
The deal comes after the Federal Aviation Administration (FAA) earlier this month announced that Vietnamese airlines are now permitted to fly to the U.S. for the first time.
Bamboo’s first 787 is expected to arrive in the third quarter of 2020, according to Reuters. The company plans to start flights to the U.S. later this year or early in 2020 with leased jets unless Boeing delivers its planes sooner, Bamboo chairman Trinh Van Quyet told Reuters.
“Direct flights between Vietnam and the U.S. will not only push tourism activities, but also further facilitate bilateral trade and investment,” he said. “We are receiving huge support from Boeing to deploy our flights to the U.S."