Aviation Biju John | April 20, 2026

Vietjet and SPDB Financial Leasing sign agreement for finance lease of 10 COMAC aircraft

Vietjet and SPDB Financial Leasing (SPDBFL), a subsidiary of Shanghai Pudong Development Bank, have exchanged an agreement for the finance lease of 10 COMAC C909 aircraft, expanding financial and aviation cooperation between Vietnam and China.

Parties involved:
Vietjet (Vietnam’s low-cost carrier) and SPDB Financial Leasing (subsidiary of Shanghai Pudong Development Bank).

Scope of agreement:
Finance lease for 10 COMAC aircraft.

Aircraft type:
COMAC (Commercial Aircraft Corporation of China) jets — part of Vietjet’s strategy to diversify its fleet beyond Airbus and Boeing.

Strategic significance:
- Strengthens Vietjet’s partnership with Chinese aviation and finance sectors.
- Supports Vietjet’s expansion plans in Asia-Pacific.
- Aligns with China’s push to promote COMAC aircraft internationally.

Broader Context
- Vietjet has been steadily growing its fleet to serve both domestic and international routes.
- COMAC aircraft, particularly the C919 and ARJ21, are China’s answer to Airbus and Boeing dominance.
- Leasing through SPDB reduces upfront capital costs, giving Vietjet flexibility in scaling operations.

This move signals Vietjet’s confidence in COMAC’s aircraft program and highlights China’s growing role in global aviation financing.