Manufacturing Industry
Vietnam Airlines to borrow USD130m from ABN AMRO Bank
Airline Industry Information, April 5, 2004
AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD
Vietnam Airlines is to borrow about USD130m from ABN AMRO Bank to finance the purchase of three Airbus aircraft.
The agreement is 85% backed by the export credit agency of France, Germany, and the UK, and will be spread over a 12-year period. However, it has yet to receive final approval from the agency.
The new aircraft are scheduled to be delivered in July and August, reported Reuters.
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