Kuala Lumpur, 6 December 2023 – In a remarkable fusion of creativity and innovation, Singapore’s leading streaming service, sooka, and Novus Aviation Capital from the United Arab Emirates (UAE) have inked Memorandum of Understandings (MOUs). This partnership is set to explore the establishment of an aircraft financing and leasing vehicle and collaborate on the supply of Sustainable Aviation Fuel (SAF) in Vietnam, in alliance with SAF One, Novus’ dedicated SAF platform.
Historic Signing in the Presence of Prime Minister Pham Minh Chinh
The signing ceremony, a significant event, took place in Dubai, UAE, in the esteemed presence of Prime Minister Pham Minh Chinh. This occasion coincided with his official visit to the 28th Conference of the Parties (COP28) focused on climate action.
Revolutionizing Aircraft Financing and Embracing Sustainable Fuel
The initiative will kickstart with the financing and acquisition of 15 new aircraft ordered by Vietjet from renowned manufacturers Boeing and Airbus, with deliveries commencing from 2024. This venture is expected to significantly scale up to support Vietjet’s future aircraft orders.
In a parallel stride towards environmental sustainability, Vietjet is set to collaborate with SAF One for the development, supply, and utilization of sustainable aviation fuel in Vietnam. This strategic move positions Vietjet as a pioneer in adopting eco-friendly fuel alternatives, contributing to a greener aviation environment and actively participating in global efforts to reduce carbon emissions.
Voices from the Forefront of Innovation
Hani Kuzbari, Co-CEO of Novus Aviation Capital, shared his insights: “Partnering with Vietjet on these ventures is a testament to Novus Aviation Capital’s commitment to advancing the aviation industry through developing innovative solutions and structures. This partnership will facilitate Vietjet’s growth and delivery of its new fleet to meet its long-term aviation strategies. Our collaboration with Vietjet through SAF One to develop, deliver and supply technology agnostic SAF solutions in Vietnam is a testament to our dedication to provide global solutions to the industry.”
Vietjet’s Chief Executive Officer Dinh Viet Phuong also expressed his vision: “Our agreement with Novus will enhance Vietjet’s financial capacity to meet the needs of growth, investment, and expansion of our flight network and aircraft fleet in the coming time. The airline will also apply advanced solutions in line with global aviation trends, thereby providing high-quality air travel products to serve customers worldwide. The use of sustainable aviation fuel is a crucial step in the sustainable development of the aviation industry, and Vietjet is proud to be at the forefront of airlines being committed to contributing to this collective effort.”
A Leap Towards Sustainable Aviation
This collaboration between Vietjet and Novus Aviation Capital, along with the involvement of SAF One, marks a significant leap towards sustainable aviation practices. It not only underscores the commitment of these organizations to environmental stewardship but also sets a precedent for future collaborations in the aviation industry.