~ Le Viêt Nam, aujourd'hui. ~
The Vietnam News

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[Year 2001]

Vietnam seeks price discounts on four Boeing 777s

HANOI - Vietnam Airlines is seeking discounts on four Boeing 777s it signed a letter of intent to buy last year due to the aviation industry's downturn, official media said. State-run Saigon Times Daily on Monday quoted Deputy Prime Minister Nguyen Tan Dung as saying that Boeing Co had offered the aircraft at $140 million each and the two sides were currently in price negotiations.

``Other carriers earlier have agreed on this price, but we think they can lower the prices given that the world aviation sector is undergoing hard times following the U.S. attacks,'' the paper quoted Dung as saying. It said he spoke on the sidelines of a session of Vietnam's National Assembly that began last Tuesday. Officials of Boeing in Hanoi said they were not able to comment on the report. Earlier this month, official media quoted the general director of Vietnam Airlines, Nguyen Xuan Hien, as saying that the state-run firm planned to sign contracts in February to buy the Boeings and five Airbus A321s. The airline signed a letter of intent on the Boeings in November last year ahead of a historic visit by the then U.S. President Bill Clinton. It signed a letter of intent with Airbus on the A321s in September.

A321s are made by Airbus SAS, which is 80 percent owned by Eauropean Aeronautic Defence & Space Co NV . Deputy Premier Dung is due to head a trade and business promotion roadshow to the United States from December 8 to 12, to highlight opportunities in Vietnam after a historic trade agreement with Washington takes effect. The market-opening pact is expected to be ratified by Vietnam's National Assembly on Wednesday.

Reuters - November 26, 2001.