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6h ago

Airbus Strikes Pact for Up to 150 A321neos With VietJet as U.S. Eyes Tariff Rollback

Sean Duffy’s backing of the 1979 tariff-free civil aviation pact follows a Commerce Department probe into aerospace imports

Vice President of commercial sales at Airbus SE Benoit de Saint-Exupery, Chief Executive Officer of commercial aircraft at Airbus SE Christian Scherer, Founder of Vietjet Air Nguyen Thi Phuong Thao and Dinh Viet Phuong, Chief Executive Officer of VietJet Air attend a press conference with Airbus SE at the Paris Air Show in Paris at the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 17, 2025. REUTERS/Benoit Tessier
VietJet Air stewardesses pose at the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 17, 2025. REUTERS/Benoit Tessier
VietJet Air stewardesses pose at the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 17, 2025. REUTERS/Benoit Tessier
Vice President of commercial sales at Airbus SE Benoit de Saint-Exupery, Chief Executive Officer of commercial aircraft at Airbus SE Christian Scherer, Founder of Vietjet Air Nguyen Thi Phuong Thao and Dinh Viet Phuong, Chief Executive Officer of VietJet Air attend a press conference with Airbus SE at the Paris Air Show in Paris at the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 17, 2025. REUTERS/Benoit Tessier

Overview

  • Airbus signed a memorandum of understanding with VietJet for 100 A321neo jets and an option for 50 more, valuing the deal at about $9.4 billion.
  • U.S. Transport Secretary Sean Duffy voiced support for reinstating the 1979 zero-tariff civil aviation agreement, hinting at potential relief from President Trump’s 10% import tariffs on aircraft.
  • The U.S. Commerce Department’s Section 232 investigation into commercial aircraft, engines and parts could pave the way for even higher aerospace import duties.
  • Boeing maintained a subdued profile at the Paris Airshow as it focuses on probing last week’s fatal Air India 787 crash and grapples with regional conflicts.
  • VietJet Chairwoman Nguyen Thi Phuong Thao said the aircraft orders underpin plans to build Vietnam into a major aviation hub, while Rolls-Royce pursues partnerships to re-enter the narrow-body engine sector.