Vietnam Airlines Will Auction Off 11 Airbus A321s
3 minute read
Vietnamese flag carrier Vietnam Airlines says it is preparing to auction off 11 Airbus A321 CEO aircraft that have been in service with the airline for more than 12 years. In a move aimed at countering a loss of revenue brought about by the COVID-19 pandemic, the state-owned carrier plans to sell the planes later this year to increase its cash flow.
Vietnam Airlines is getting rid of some of its older Airbus A321s. Photo: Getty Images
Under the pretext of modernizing its fleet, this is not the first time that Vietnam Airlines decided to sell aircraft to replenish its coffers. In 2019 it put five Airbus A321-200CEO aircraft up for sale. A year later, it repeated the move, placing a further nine Airbus A321CEO planes up for sale.