This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Boeing announced Monday a new order for 20 787-9 Dreamliners, in a deal that would be worth $5.6 billion at current list prices. The customer? An airline you’ve probably never heard of — Bamboo Airways.

Bamboo Airways is a Vietnamese startup airline that plans to begin commercial operations in 2019 out of Hanoi’s Noi Bai International Airport (HAN). It’s wholly-owned by the FLC Group, a conglomerate, focusing on aviation, real estate, resorts, farming, and golf. Yes, you read that right: commercial aviation and farming both being offered by the same company. The airline currently has zero planes in its fleet, but it does have a memorandum of understanding with Airbus for up to 24 A321neo aircraft so it’s an ambitious airline for sure. 

The 787-9 has a range of over 8,700 miles and is the same type of aircraft which Qantas uses to operate the world’s second-longest flight — between Perth (PER) and London Heathrow (LHR) — indicating that the airline has major growth plans. “Our long-term vision is to connect Vietnam to key markets within Asia, Europe and North America and the capabilities of these new state-of-the-art Dreamliners will help us achieve our goals,” said FLC chairman Trinh Van Quyet, in a statement emailed by Boeing.

Bamboo Airways has completed the deposit requirement to reserve the 20 aircraft and expects to take delivery of them from April 2020 through 2021. However, Flight Global reports that the airline is working with Boeing to take delivery of the aircraft earlier so that it could begin international service in 2019.

This order comes amidst a major growth of low-cost carriers in Asia, such as Air Asia X. However, the newcomer airline plans to run a “hybrid” business model, offering passengers low fares while maintaining services you’d expect from a full-service carrier — somewhat similar to JetBlue.

Featured image courtesy of Boeing.

The Business Platinum® Card from American Express

Aside from the 75,000 points welcome bonus, Amex recently made huge improvements to the Business Platinum Card, including the fact that you will now earn 50% more points on purchases of $5,000 or more, earn 5x on flights and eligible hotels at Amextravel.com and cardholders will receive a $200 airline fee credit each year.

Apply Now
More Things to Know
  • Welcome Offer: Earn up to 75,000 Membership Rewards® points.
  • Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year.
  • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
  • Get one year of Platinum Global Access from WeWork. With this membership, you can access 300+ premium, inspiring workspaces in 75+ cities. To get this exclusive offer, enroll between 2/15/2019 and 12/31/2019.
  • Terms Apply
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$595
Balance Transfer Fee
See Terms
Recommended Credit
Excellent Credit
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.