Vietnam receives first ATR72-500 airplane

The Vietnam Aircraft Leasing Company (VALC) has received the first ATR72-500 under a contract to buy these 5 airplanes between the company and France’s Avion de Transport Regional (ATR).

VALC will transfer this airplane to the Vietnam Airlines Corporation (VAC) following a previously signed leasing contract between the two companies.

Other four ATR72-500 airplanes are scheduled to be given in June, September, October and December.

VALC was established by the Bank for Investment and Development of Vietnam (BIDV) under a Prime Minister decision. Its shareholders are state groups and corporations.

In addition, the company is investing in ten Airbus A321-200 and eight Boeing B787 aircraft, at a total cost of US$2.5 billion.

Tags: ATR72-500 airplane, Vietnam aviation

Posted by VBN on Apr 24 2010. Filed under Aviation. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry