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Vietnam Airlines Considers A350 and 787 for Widebody Fleet Expansion

Vietnam Airlines Considers A350 and 787 for Widebody Fleet Expansion
Strategic Fleet Expansion Amid Intensifying Competition
Vietnam Airlines has announced plans to expand its widebody fleet by up to 30 aircraft, inviting proposals for either Airbus A350-900s or Boeing 787-9s. The carrier, which currently operates a combined total of approximately 30 A350s and 787s, is targeting deliveries between 2028 and 2032. The airline has issued a formal request for offers through its procurement portal, signaling a significant investment in modernizing and growing its long-haul capacity.
The airline is open to various acquisition methods, including outright purchases, leasing, subleasing, or other arrangements. Interested suppliers are required to submit detailed information on the number and type of aircraft available, proposed delivery schedules, cabin configurations, and indicative commercial terms. The deadline for responses is set for 8 October.
Market Dynamics and Competitive Pressures
Vietnam Airlines’ fleet expansion initiative comes amid heightened competition in the widebody aircraft market. Rival carriers in the Asia-Pacific region and beyond are actively securing next-generation aircraft to strengthen their long-haul operations. For instance, WestJet recently doubled its widebody fleet with a record order for seven Boeing 787-9s, intensifying competition for delivery slots and potentially influencing pricing and availability for Vietnam Airlines.
The competitive landscape is further complicated by the varying financial health of major airlines. While Vietnam Airlines continues its recovery from the pandemic’s impact, some competitors, such as Etihad Airways, have reported record financial results and are exploring innovative ventures, including cryptocurrency initiatives. These developments may affect market sentiment and investor confidence, factors that could influence Vietnam Airlines’ procurement negotiations.
Low-cost carriers in the region are also modernizing their fleets, with Vietjet recently taking delivery of its first Boeing 737 Max 8. This trend of fleet renewal and expansion across different market segments may prompt more aggressive pricing strategies and capacity growth among competitors.
Secondary Market and Broader Implications
The secondary market for widebody aircraft is also evolving. China Southern Airlines is currently attempting to sell its Boeing 787-8 fleet through an online auction, potentially increasing the availability of used widebody aircraft. This development offers alternative options for airlines seeking to expand or refresh their fleets amid tight new aircraft delivery schedules.
As Vietnam Airlines evaluates its options, it faces a complex environment shaped by shifting market dynamics, competitive pressures, and evolving financial strategies among global and regional carriers. The outcome of its widebody procurement process will be a critical factor in determining its competitive position within the rapidly growing Asia-Pacific aviation market.

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