The event was held in Kazakhstan's capital, Astana, on May 6 in the presence of Party General Secretary To Lam as part of his state visit to the country.
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During the event, Vietnam's Ministry of Finance granted a Foreign Investment Registration Certificate to Aviation Holdings, a subsidiary of Vietjet, authorising its acquisition of a strategic equity stake in Qazaq Air. The move marks a key milestone in Vietjet’s international expansion strategy and aims to deepen bilateral ties between Vietnam and Kazakhstan across aviation, economic, and cultural domains, while opening a new chapter for the aviation industry in Central Asia.
Under the partnership, the two parties will jointly develop and operate Vietjet Qazaqstan, building on the existing Qazaq Air platform. As a new-age low-cost airline, Vietjet Qazaqstan is expected to become a strategic air bridge connecting Kazakhstan with Vietnam, Southeast Asia, and global aviation hubs.
The airline will meet the growing travel demand in Kazakhstan while boosting cross-border tourism, trade, and logistics throughout Asia. It also aims to support local socioeconomic growth through the creation of thousands of high-quality jobs.
Also at the event, Vietjet Qazaqstan and Boeing signed a Customer Services General Terms Agreement to support the future Boeing 737 fleet operated by Vietjet Qazaqstan. Under the agreement, Boeing will provide comprehensive services including software solutions, spare parts supply, technical assistance, as well as training courses for pilots and engineers. The partnership also covers aircraft modifications and upgrades to ensure efficient and safe operations.
Vietjet Qazaqstan is set to operate a fleet of at least 20 Boeing 737 aircraft, enabling a strong expansion of its domestic and international route network. The airline will adopt modern operating models, digital management systems, and advanced training for its workforce, with ongoing technical and operational support from Vietjet.
Vietjet’s investment in Kazakhstan includes technology transfer, infrastructure upgrades, and workforce training initiatives. The project aims to enhance regional aviation competitiveness and connectivity, with potential economic benefits for both countries.
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