Thu, Nov 09, 2006
American military aviation came into its own as a military tool
during the Vietnam conflict... and now it's helping to rebuild
relations between Vietnam and the US.
The US export-import bank gave preliminary approval for a $400
million loan to help Vietnam Airlines purchase four of Boeing's 787
"The commitment of the credit guarantee by Eximbank for Vietnam
Airlines is an important step in raising funds for the project to
buy four new-generation Boeing 787-8s," Vietnam Airlines said,
according to Reuters.
One of the airline's 777s is shown above.
More and more people are visiting Vietnam, and tourism is
booming. Six-and-a-half million passengers traveled on the
country's state-owned airline last year alone.
"This transaction will facilitate increased business and leisure
travel to and from Vietnam, thereby contributing to the further
economic growth of Vietnam," said US Ambassador Michael Marine.
Vietnam Airlines plans to double its fleet to meet an estimated
11-million passengers by 2015. Vietnam currently operates around 40
aircraft. The order from Boeing is in addition to an order for 10
Airbus aircraft scheduled for delivery later this year.
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